Breaking News: Nokia Buys Back Its Own Shares – A Strategic Move for the Future
Description:
Nokia Corporation Stock Exchange Release 17 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 17.12.2024 Espoo, Finland – On 17 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 884,897 4.23 CEUX – – BATE – – AQEU – – TQEX – – Total 884,897 4.23 * 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 this will affect me:
As a consumer or investor, the repurchase of Nokia’s own shares can potentially impact the company’s stock value and overall financial stability. Depending on how successful the buyback program is, it could lead to a more favorable outlook for the company, which may benefit shareholders like yourself. It’s important to stay updated on Nokia’s financial performance and strategic moves to make informed decisions regarding your investment portfolio.
How this will affect the world:
The decision for Nokia to buy back its own shares can have ripple effects on the global market. As a major player in the telecommunications industry, Nokia’s strategic move could influence competition, innovation, and market trends worldwide. It may also signal the company’s confidence in its long-term growth potential, which could impact the perception of Nokia within the global business community.
Conclusion:
In conclusion, Nokia’s repurchase of its own shares is a calculated strategic move that aims to strengthen the company’s financial position and drive value for its shareholders. This decision not only has implications for individual investors but also has broader implications for the global market and industry landscape. It will be interesting to see how this move plays out in the coming months and how it shapes Nokia’s future trajectory.
