Breaking News: Nokia Corporation Buys Back Its Own Shares on 11/12/2024!
Description:
Nokia Corporation Stock Exchange Release
11 December 2024 at 22:30 EET
Espoo, Finland – On 11 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 4.17
CEUX – –
BATE – –
AQEU – –
TQEX – –
Total 872,093 4.17
* 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 shareholder of Nokia Corporation, the buyback of shares can have a direct impact on your investment. By reducing the number of outstanding shares in the market, the repurchase program could potentially increase the value of each remaining share, leading to a higher return on investment for shareholders.
How Will This Affect the World?
The buyback of shares by Nokia Corporation can have broader implications for the global financial markets. Such moves by large corporations can influence investor sentiment, stock prices, and market trends, potentially affecting the overall economic landscape and investment strategies worldwide.
Conclusion:
In conclusion, Nokia Corporation’s decision to repurchase its own shares is a strategic move aimed at enhancing shareholder value and offsetting dilution from recent share issuances. This development underscores the company’s commitment to maximizing shareholder returns and could have ripple effects in the financial markets both locally and globally.
