Breaking News: Nokia Buys Back Its Own Shares in Major Move for 2024!
Description:
Nokia Corporation Stock Exchange Release 9 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 09.12.2024 Espoo, Finland – On 9 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 4.18 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.18 * 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 an individual investor, the buyback of Nokia shares may result in an increase in the value of the remaining shares you hold. This move can also signify confidence in the company’s future prospects, potentially attracting more investors and driving up the share price in the long run.
How This Will Affect the World:
Nokia’s decision to repurchase its own shares can have a significant impact on the global market. It shows the company’s commitment to enhancing shareholder value and strengthening its position in the highly competitive telecommunications industry. This move could influence other companies to consider similar strategies to boost investor confidence and drive growth.
Conclusion:
In conclusion, Nokia’s buyback of its own shares is a strategic move that can benefit both individual investors and the global market as a whole. By increasing shareholder value and demonstrating confidence in its business plans, Nokia is positioning itself for future success and inspiring potential changes in the corporate landscape.
