Nokia Corporation : Repurchase of own shares on 07.07.2023

Nokia Corporation :  Repurchase of own shares on 07.07.2023

Nokia CorpStock Market Announcement7th July 2023, 9:00 pm Eastern European Summer Time

Nokia Corp: Buying back its own shares on July 7th, 2023.

Nokia Corporation :  Repurchase of own shares on 07.07.2023 - Figure 1

In Espoo, Finland, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) made the purchase of its own shares (ISIN FI0009000681) on 7 July 2023.

* Approximated to the nearest hundredth * Rounded off to two decimal places * Rounded to the nearest hundredth * Truncated to two decimal digits * Rounded down/up to the second decimal point * Approximated to the nearest hundredth decimal place

As of February 3, 2022, Nokia has announced that it will be implementing a share buyback program. This program was authorized by Nokia's Annual General Meeting on April 8, 2021, with the goal of returning up to EUR 600 million of cash to shareholders over a period of two years. The second phase of the share buyback program, which aligns with regulations such as the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, began on January 2, 2023. This phase will conclude no later than December 21, 2023, and will have a maximum aggregate purchase price of EUR 300 million.

On July 7, 2023, the overall expense of the transactions conducted amounted to EUR 1,408,888.00. Following these revealed transactions, Nokia Corporation now possesses 74,865,155 of its own shares, which are referred to as treasury shares.

The announcement includes supplementary information about the transactions.

, we would like to express our gratitude and appreciation for your continued support and confidence in our brand. We are pleased to announce several exciting updates and innovations that we believe will further enhance your Nokia experience. Firstly, we are thrilled to introduce our latest addition to the Nokia family - the Nokia X20. This cutting-edge smartphone boasts a stunning display, powerful performance, and advanced camera capabilities, ensuring that you capture every moment with unparalleled clarity and detail. Whether you are a photography enthusiast or a multitasking professional, the Nokia X20 is designed to meet all your needs and exceed your expectations. Additionally, we are proud to announce the launch of our upgraded operating system - Nokia OS. This revamped platform offers a seamless and intuitive user interface, creating a more streamlined and enjoyable user experience. With improved security features and enhanced functionality, Nokia OS ensures that your data and personal information are protected at all times. Furthermore, we understand the importance of staying connected in today's fast-paced world. That is why we are delighted to introduce 5G connectivity across our range of smartphones. With lightning-fast download and upload speeds, you can now enjoy seamless streaming, instant downloads, and lag-free online gaming. Say goodbye to buffering and hello to uninterrupted connectivity with Nokia's 5G technology. Lastly, we want to express our commitment to sustainability and environmental responsibility. At Nokia, we strive to minimize our environmental footprint and contribute to a greener future. Through our initiatives such as recycling programs and energy-efficient manufacturing processes, we are dedicated to making a positive impact on the environment and ensuring a sustainable world for future generations. In conclusion, we are incredibly grateful for your support and trust in Nokia. We believe that these exciting updates and innovations will further enhance your Nokia experience, offering you the best in terms of performance, connectivity, and sustainability. Thank you for being a part of the Nokia community, and we look forward to continuing this journey together.

Nokia Corporation :  Repurchase of own shares on 07.07.2023 - Figure 2

At Nokia, we develop innovative technology that enables global collaboration.

As a frontrunner in B2B technology innovation, we are at the forefront of creating networks that can perceive, process information, and take action by utilizing our expertise across mobile, fixed, and cloud networks. Furthermore, we generate worth through our intellectual property and extensive research, which is overseen by the acclaimed Nokia Bell Labs.

Nokia is relied upon by service providers, businesses, and collaborators across the globe to provide secure, dependable, and eco-friendly networks in the present. Additionally, they collaborate with us to shape the digital services and applications that will shape the future.

Contact information for Nokia Investor Relations is available at the following: Phone: +358 40 803 4080 or Email: [email protected]. The person to reach out to regarding investment inquiries is David Mulholland, who is responsible for Investor Relations.

Read more
Similar news