Breaking News: Nokia Buys Back Its Own Shares in Bold Move for 2025!
Description:
Nokia Corporation Stock Exchange Release 2 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 02.01.2025 Espoo, Finland – On 2 January 2025 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 4.30 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.30 * 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.
Impact on You:
The move by Nokia to buy back its own shares could potentially have a positive impact on you as a shareholder. Share buybacks often lead to an increase in the value of the remaining shares, which could result in higher returns for investors. Additionally, reducing the number of outstanding shares can improve metrics such as earnings per share, making the company more attractive to investors.
Impact on the World:
The decision by Nokia to repurchase its own shares can have broader implications for the world economy. It could signal to other companies that similar actions may be necessary to boost shareholder value and increase market confidence. This move could also impact the technology industry as a whole, influencing investor perceptions and strategies within the sector.
Conclusion:
In conclusion, Nokia’s bold move to repurchase its own shares in 2025 is a strategic decision aimed at enhancing shareholder value and mitigating the dilutive effects of recent share issuances. This action not only has the potential to benefit individual investors but also sends a strong signal to the global market about Nokia’s commitment to long-term growth and profitability.
