Nokia: share buyback program completed

(CercleFinance.com) - Nokia reports that it has completed the share buyback program announced on 18 March and increased on 19 July, under which it repurchased 157,646,220 of its own shares at an average price of around E3.
81.

The repurchases were made other than in proportion to the existing shareholdings of Nokia's shareholders, by means of public transactions on the Nasdaq Helsinki regulated market and certain multilateral trading facilities.

These repurchases reduced Nokia's unrestricted equity by E600m, and Nokia now holds a total of 209,702,510 treasury shares. The Finnish network equipment supplier plans to cancel the shares acquired in December.


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