HELSINKI—Nokia said it will ask shareholders at its annual general meeting to approve plans to buy back up to 220 million of its own shares, which will either be used to finance acquisitions or be canceled.
The company’s board also said it will ask shareholders at the March 21 meeting to authorize disposing up to 220 million Nokia shares at a price set by the board. In addition, the board will seek authorization to increase the company’s share capital by up to $49.03 million by issuing 930 million new shares in the form of convertible bonds, options or new shares.
