Breaking News: Nokia Buys Back Its Own Shares in Bold Move for 2024!
Description:
Nokia CorporationStock Exchange Release20 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 20.12.2024 Espoo, Finland – On 20 December 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 872,093 4.19 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.19 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
How will this affect me?
As a consumer or an investor, you might see implications from this move by Nokia. With the buyback of its shares, it could indicate that the company believes in its own potential for growth and is confident in its long-term strategy. This could lead to increased investor confidence and potentially higher stock prices in the future, benefiting those who hold Nokia shares.
How will this affect the world?
The decision by Nokia to repurchase its own shares could have wider implications for the global market. It could signal to other companies that share buybacks can be a strategic move to boost shareholder value and position the company for future growth. This could lead to a trend of other companies following suit and implementing similar strategies, impacting the overall stock market and investor sentiment.
Conclusion:
In conclusion, Nokia’s bold move to repurchase its own shares showcases confidence in its business outlook and future prospects. This decision not only affects individual investors but also has the potential to influence market trends and investor behavior on a larger scale. It will be interesting to see how this move plays out in the coming months and its impact on the overall market dynamics.
