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Share repurchases

Share buyback program

In 2020 and 2021, Nokia has generated strong cash flow which has significantly improved the cash position of the company. To manage the company’s capital structure, Nokia’s Board of Directors is initiating a share buyback program under the current authorization from the AGM to repurchase shares, with purchases expected to begin in Q1.

The program targets to return up to  EUR 600m of cash to shareholders in tranches over a period of two years, subject to continued authorization from the AGM.

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Repurchase of own shares