Business
Nokia Repurchases Own Shares On August 29, 2022
Nokia Corporation
Stock Exchange Release
29 August 2022 at 21:00 EEST
Nokia Corporation: Repurchase of own shares on 29.08.2022
Espoo, Finland – On 29 August 2022 Nokia smartphones Corporation (LEI: 549300A0JPRWG1KI7U06) acquired its own shares (ISIN FI0009000681) as follows:
| Trading venue (MIC Code) | Number of shares | Weighted average price/share, EUR* |
| XHEL | 224,045 | 4.82 |
| CEUX | 19,371 | 4.82 |
| AQEU | 6,816 | 4.81 |
| TQEX | 1,768 | 4.82 |
| Total | 252,000 | 4.82 |
*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 first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052 started on 14 February 2022 and ends by 22 December 2022 with a maximum aggregate purchase price of EUR 300 million.
The total cost of transactions executed on 29 August 2022 was EUR 1,215,270.00. After the disclosed transactions, the new Nokia phones Corporation holds 81,512,737 treasury shares.
Details of transactions are included as an appendix to this announcement.
On behalf of Nokia smart phones Corporation
BNP Paribas Exane
About Nokia
Nokia x 100, we create technology that helps the world act together.
As a trusted partner for critical networks, we are committed to innovation and technology leadership across mobile, fixed, and cloud networks. We create value with intellectual property and long-term research, led by the award-winning Nokia XR 20 Bell Labs.
Adhering to the highest standards of integrity and security, we help build the capabilities needed for a more productive, sustainable, and inclusive world.
Inquiries:
Nokia
Investor Relations
Phone: +358 40 803 4080
Email: investor.relations@nokia.com
David Mulholland, Head of Investor Relations
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