Nokia Corporation: Repurchase of own shares on 03.11.2023 -November 03, 2023 at 03:01 pm EDT
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November 03, 2023 at 03:01 pm EDT
| STOCK EXCHANGE RELEASE | ||||||||
| 03 November 2023 | ||||||||
| Nokia Corporation Stock Exchange Release |
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| 03 November 2023 at 21:00 | ||||||||
| Nokia Corporation: Repurchase of own shares on 03.11.2023 | ||||||||
| Espoo, Finland – On 03 Nov 2023 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: | ||||||||
| Trading venue (MIC Code) | Number of shares | Weighted average price / share, EUR* | ||||||
| AQEU | 5,983 | 3.21 | ||||||
| CEUX | 57,509 | 3.21 | ||||||
| TQEX | 8,156 | 3.21 | ||||||
| XHEL | 371,352 | 3.21 | ||||||
| Total | 443,000 | 3.21 | ||||||
| * Rounded to two decimals
On 3 February 2022, Nokia announced that its Board of Directors is initiating a share buyback program under the authorization granted by Nokia’s Annual General Meeting on 8 April 2021 to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The second phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 5 April 2022 started on 2 January 2023 and ends at the latest by 21 December 2023 with a maximum aggregate purchase price of EUR 300 million. |
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| Total cost of transactions executed on 03 November 2023 was EUR 1,420,833.90. After the disclosed transactions, Nokia Corporation holds 160,813,546 treasury shares. | ||||||||
| Details of transactions are included as an appendix to this announcement.
On behalf of Nokia Corporation BNP Paribas |
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| About Nokia | ||||||||
| At Nokia, we create technology that helps the world act together.
As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. |
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| Inquiries: | ||||||||
| Nokia Investor Relations Phone: +358 40 803 4080 |
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| Email: | [email protected] | |||||||
| David Mulholland, Head of Investor Relations | ||||||||
Nokia Oyj specializes in the design, production and marketing of telecommunications equipment. Net sales break down by activity as follows:
- development of mobile broadband network solutions (43.7%): aimed in particular at telecommunications operators. In addition, the group offers professional services (network planning and optimization, systems integration, installation, implementation and maintenance of telecom networks);
- development of network infrastructure solutions (34.6%): IP routers and optical networking solutions.
- software development (13.9%): software for customer experience management, network operations and management, communication, collaboration and billing, IoT solutions and cloud management platforms;
- development of advanced technology (6.7%);
- other (1.1%).
Net sales are distributed geographically as follows: Europe (29.9%), North America (32.8%), China (7%), India (4.7%), Asia/Pacific (11.5%), Middle East and Africa (8.6%) and Latin America (5.5%).
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