Breaking News: Nokia Corporation Buys Back Its Own Shares on 12/13/2024!
Description:
Nokia Corporation Stock Exchange Release 13 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 13.12.2024 Espoo, Finland – On 13 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 4.22 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.22 * 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.
Effect on Me:
The repurchase of Nokia Corporation’s own shares may impact individual shareholders, such as myself. By reducing the number of outstanding shares, this buyback program could potentially lead to an increase in the value of each remaining share. This can result in a positive outcome for investors who hold onto their shares as the company’s stock price may rise as a result of the reduced supply of shares in circulation.
Effect on the World:
From a broader perspective, Nokia Corporation’s decision to repurchase its own shares can have various implications on the global financial market. Share buyback programs are often seen as a way for companies to demonstrate confidence in their own performance and financial stability. This move by Nokia could influence investor sentiment towards the company and may have a ripple effect on other companies within the industry.
Conclusion:
In conclusion, Nokia Corporation’s buyback of its own shares on 12/13/2024 marks a strategic move by the company to enhance shareholder value and offset dilution from previous share issuances. This action may have a positive impact on individual investors and could shape perceptions of Nokia’s financial strength in the broader market landscape.
