Breaking News: Nokia Buys Back Its Own Shares in Bold Move for 2024!
Description:
Nokia CorporationStock Exchange Release30 December 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 30.12.2024 Espoo, Finland – On 30 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 4.29 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.29 * 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 Does this News Affect Me?
As a consumer, the repurchase of Nokia shares may indicate a positive outlook for the company’s future. This move could potentially lead to increased shareholder value and stability in the market, which could benefit investors like yourself. Additionally, a strong and thriving Nokia could mean more innovative products and services for customers, further enhancing your overall experience with the company.
How Does this News Affect the World?
The decision for Nokia to buy back its own shares could have broader implications for the global economy and technology industry. A successful share buyback program could boost investor confidence in Nokia, leading to a ripple effect across the market. This move may also signal Nokia’s commitment to growth and competitiveness in the ever-evolving tech landscape, which could impact the industry as a whole.
Conclusion
In conclusion, Nokia’s decision to repurchase its own shares is a strategic move that could have far-reaching effects on both investors and the global tech industry. By taking control of its own shares, Nokia is positioning itself for future success and growth. As we move into 2024, all eyes will be on Nokia to see how this bold move plays out in the market.
