Under the Finnish Companies Act, Nokia Corporation may repurchase its own shares pursuant to either a shareholders' resolution or an authorization to the Board of Directors approved by the company's shareholders. Such authorizations to the Board of Directors are effective for a maximum of 18 months.
The undertaking of share buy-backs is subject not only to the regulations in the Companies Act but also to the rules of the stock exchanges on which the repurchases take place.
Announcements concerning the progress of the programs are made according to the Stock Exchange rules (details on the regulation can be found from relevant Stock Exchanges' web sites)
The shares acquired through the Share Buy-Back Programs are held by the company as treasury shares and may be used for the purposes specified in the authorizations held by the Board.
2008 Share Buy-back Program
The 2008 AGM on May 08, 2008, authorized the Board of Directors to resolve to repurchase a maximum of 370 million Nokia shares. The authorization is effective until June 30, 2009. Under the authorization given by the AGM, Nokia Board of Directors resolved to repurchase the maximum of 370 million Nokia shares, by using a maximum of EUR 4 billion for the repurchases, which is effective until March 31, 2009.
2007 Share Buy-Back Program
The 2007 AGM on May 03, 2007 authorized the Board of Directors to repurchase a maximum of 380 million Nokia shares, using a maximum of EUR 4 billion. The authorizations are effective until March 31, 2008.
On January 24, 2008, the Board of Directors amended the resolution by resolving to continue the repurchases under the current authorization until the Annual General meeting on May 8, 2008 and to use an additional maximum of up to EUR 1 billion for the repurchases, within the limits of its earlier resolution to repurchase a maximum of 380 million shares.
Quarterly updates for the 2007 Share Buy-Backs:
| Purchase period | Number of shares | Cumulative number of shares | Value EUR | Cumulative values EUR | |
| 2007 | Q2 2007 | 49 700 000 | 49 700 000 | 996 200 000 | 996 200 000 |
| Mandate | Q3 2007 | 50 000 000 | 99 700 000 | 1 176 900 000 | 2 173 100 000 |
| Q4 2007 | 35 700 000 | 135 400 000 | 949 700 000 | 3 122 800 000 | |
| Q1 2008 | 59 300 000 | 194 700 000 | 1 373 900 000 | 4 496 700 000 |
2006 Share Buy-Back Program
The 2006 AGM on March 30, 2006 authorized the Board to repurchase a maximum of 405 million Nokia shares, and to dispose a maximum of 405 million Nokia shares. The authorizations are effective until March 30, 2007.
On March 30, 2006 Nokia announced the resolution of the Board of Directors to start a repurchase plan using a maximum of Eur 6.5 billion for the plan.
Quarterly updates for the 2006 Share Buy-Backs:
| Purchase period | Number of shares | Cumulative number of shares | Value EUR | Cumulative values EUR | |
| 2006 | Q2 2006 | 35 600 000 | 35 600 000 | 603 100 000 | 603 100 000 |
| Mandate | Q3 2006 | 46 010 000 | 81 610 000 | 719 900 000 | 1 323 000 000 |
| Q4 2006 | 45 350 000 | 126 960 000 | 699 988 150 | 2 022 988 150 | |
| Q1 2007 | 45 200 000 | 172 160 000 | 760 000 000 | 2 782 988 150 |
2005 Share Buy-Back Program
The 2005 AGM on April 7, 2005 authorized the Board to repurchase a maximum of 443.2 million Nokia shares by using funds available for distribution of profits, and to dispose a maximum of 443.2 million Nokia shares held by the company. The authorizations were effective until April 7, 2006.
Quarterly updates for the 2005 Share Buy-Backs:
| Purchase period | Number of shares | Cumulative number of shares | Value EUR | Cumulative values EUR | |
| 2005 | Q2 2005 | 40 800 000 | 40 800 000 | 549 101 812 | 549 101 812 |
| Mandate | Q3 2005 | 99 610 000 | 140 410 000 | 1 299 935 593 | 1 849 037 405 |
| Q4 2005 | 120 600 000 | 261 010 000 | 1 764 488 359 | 3 613 525 764 | |
| Q1 2006 | 84 880 000 | 345 890 000 | 1 379 998 176 | 4 993 523 940 |
2004 Share Buy-Back Program
The 2004 AGM on March 25, 2004 authorized the Board to repurchase a maximum of 230 million Nokia shares by using funds available for distribution of profits, and to dispose a maximum of 230 million Nokia shares held by the Company. The authorizations were effective for a period of one year until March 25, 2005.
Quarterly updates for the 2004 Share Buy-Backs:
| Purchase period | Number of shares | Cumulative number of shares | Value EUR | Cumulative values EUR | |
| 2004 | Q2 2004 | 61 000 000 | 61 000 000 | 758 247 100.00 | 758 247 100.00 |
| Mandate | Q3 2004 | 55 000 000 | 116 000 000 | 526 335 720.00 | 1 284 582 820.00 |
| Q4 2004 | 60 000 000 | 176 000 000 | 727 278 838.48 | 2 011 861 658.48 | |
| Q1 2005 | 54 000 000 | 230 000 000 | 651 378 615.50 | 2 663 240 273.98 |
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2003 Share Buy-Back Program
The 2003 AGM on March 27, 2003 authorized the Board to repurchase a maximum of 225 million Nokia shares by using funds available for distribution of profits, and to dispose a maximum of 225 million Nokia shares held by the Company. The authorizations were effective for a period of one year until March 27, 2004.
Quarterly updates for the 2003 Share Buy-Backs:
| Purchase period |
Number of shares | Cumulative number of shares | Value EUR | Cumulative values EUR | |
| 2003 | Q2 2003 | 20 000 000 | 20 000 000 | 301 140 966.00 | 301 140 966.00 |
| Mandate | Q3 2003 | 33 784 450 | 53 784 450 | 449 800 954.96 | 750 941 920.96 |
| Q4 2003 | 40 694 050 | 94 478 500 | 599 795 432.75 | 1 350 737 353.70 | |
| Q1 2004 | 38 057 700 | 132 536 200 | 647 416 876.39 | 1 998 154 230.09 | |
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Effective April 14, 2004, a total of 132, 536, 200 shares held by Nokia Corporation were cancelled pursuant to the resolution by the 2004 AGM on March 25, 2004. As a result of the cancellation, the share capital was reduced by the aggregate per value of the shares cancelled, EUR 7 952 172, corresponding to less than 2.8 % of the share capital of the company and the total voting rights. The cancellation did not reduce the shareholders' equity, and it did not have significant effect on the relative holdings of the other shareholders of the company nor on their voting power.