Breaking News: Nokia Corporation Buys Back Shares in Bold Move for Future Success!
Description:
Nokia Corporation Stock Exchange Release 7 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 07.01.2025 Espoo, Finland – On 7 January 2025 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 4.47 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.47 * 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?
This move by Nokia Corporation to repurchase its own shares could potentially have a positive impact on investors like yourself. By reducing the number of outstanding shares, the company could increase its earnings per share and drive up the stock price. This could lead to a higher return on your investment in Nokia Corporation.
How will this affect the world?
From a broader perspective, Nokia Corporation’s decision to buy back shares signals confidence in its future growth prospects. This move could boost market confidence in the company and the overall technology sector, potentially leading to positive ripple effects in the global economy. Additionally, a strong and thriving Nokia could contribute to innovation and competitiveness in the telecommunications industry on a global scale.
Conclusion:
In conclusion, Nokia Corporation’s bold move to repurchase its own shares signifies a strategic step towards future success. This decision not only has the potential to benefit individual investors by driving up stock prices but also has wider implications for the global economy and the technology sector as a whole. As Nokia continues on this path of growth and innovation, the world can expect to see positive outcomes from this strategic move.
