Nokia Completes Share Buyback Program
Ticker: NOKBF · Form: 6-K · Filed: Nov 21, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Nov 21, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-buyback, completion, nokia
TL;DR
Nokia finished its buyback program launched in March. Stock up?
AI Summary
Nokia Corporation announced on November 21, 2024, the completion of its share buyback program that was initially launched on March 18, 2024, and later upsized on July 19, 2024. The company has finalized all repurchases under this program.
Why It Matters
Completion of a share buyback program can signal management's confidence in the company's valuation and potentially lead to an increase in earnings per share.
Risk Assessment
Risk Level: low — This filing is a routine update on a completed share buyback program and does not introduce new financial risks.
Key Players & Entities
- Nokia Corporation (company) — Registrant and subject of the filing
- March 18, 2024 (date) — Date the share buyback program was initially announced
- July 19, 2024 (date) — Date the share buyback program was upsized
- November 21, 2024 (date) — Date of the stock exchange release and filing
FAQ
When was the Nokia share buyback program initially announced?
The share buyback program was initially announced on March 18, 2024.
Was the share buyback program modified after its initial announcement?
Yes, the program was upsized on July 19, 2024.
What is the main purpose of this Form 6-K filing?
This Form 6-K filing is to report the completion of Nokia's share buyback program.
What is Nokia's principal executive office address?
Nokia's principal executive office is located at Karakaari 7, FI-02610 Espoo, Finland.
Does Nokia file annual reports under Form 20-F or Form 40-F?
Nokia files annual reports under Form 20-F.
Filing Stats: 438 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-11-21 16:58:19
Filing Documents
- tm2429188d1_6k.htm (6-K) — 14KB
- tm2429188d1_6kimg001.jpg (GRAPHIC) — 3KB
- 0001104659-24-121604.txt ( ) — 20KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated November 21, 2024 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant’s name into English and address of registrant’s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F : Form 40-F: Enclosures: · Stock Exchange Release: Nokia completes the share buyback program launched in March Stock exchange release 21 November 2024 1 (1) Nokia Corporation Stock Exchange Release 21 November 2024 at 22:45 EET Nokia completes the share buyback program launched in March Espoo, Finland – Nokia Corporation ("Nokia" or the "Company") has now completed the share buyback program announced on 18 March 2024 and upsized on 19 July 2024. Between 20 March 2024 and 21 November 2024, Nokia repurchased 157,646,220 of its own shares (FI0009000681) at an average price per share of approximately EUR 3.81. Nokia expects to cancel the acquired shares in December 2024. The repurchases under the share buyback program reduced the Company’s unrestricted equity by EUR 600 million. Nokia Corporation now holds a total of 209,702,510 treasury shares. The repurchases were executed otherwise than in proportion to the existing shareholdings of Nokia's shareholders (directed repurchases) through public trading on the regulated market of Nasdaq Helsinki and selected multilateral trading facilities. 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. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. 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. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: investor.relations@nokia.com www.nokia.com SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: November 21, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal