Breaking News: Nokia Buys Back Its Own Shares – A Strategic Move for the Future
Nokia Corporation Stock Exchange Release
19 December 2024 at 22:30 EET
Espoo, Finland – On 19 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 4.23
CEUX – –
BATE – –
AQEU – –
TQEX – –
Total 872,093 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 will this affect me?
As a consumer or investor, the buyback of Nokia shares could potentially lead to an increase in the value of the remaining outstanding shares. This could have a positive impact on your investment portfolio if you hold Nokia stocks. Additionally, the strategic move by Nokia to repurchase its own shares shows confidence in the company’s future growth and could attract more investors to the stock.
How will this affect the world?
The repurchase of Nokia shares symbolizes the company’s efforts to strengthen its position in the global market and secure its financial stability. This move could have a ripple effect on the global technology industry, as Nokia is a key player in the telecommunications sector. By reducing the number of outstanding shares, Nokia may be able to enhance its earnings per share and attract more interest from international investors, ultimately impacting the overall market sentiment towards the company.
Conclusion
Nokia’s decision to buy back its own shares is a strategic move that aims to benefit both the company and its stakeholders. By offsetting the dilutive effect of new shares and demonstrating confidence in its future prospects, Nokia is positioning itself for long-term success in the ever-evolving technology industry. As the effects of this buyback unfold, it will be interesting to see how it shapes the company’s trajectory and impacts the wider market landscape.
