Nokia Buys Back Its Own Shares – A Bold Move for the Future!
Nokia Corporation Stock Exchange Release
10 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 10.01.2025 Espoo, Finland – On 10 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 4.41 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.41 * 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 Nokia shareholder, the buyback of shares can potentially lead to an increase in the value of the remaining shares you hold. This move indicates that Nokia is confident in its future prospects and believes that the repurchased shares are undervalued. Ultimately, this could result in a positive impact on your investment in Nokia.
How will this affect the world?
The decision by Nokia to repurchase its own shares showcases a strong strategic move that could have ripple effects in the business world. It demonstrates Nokia’s commitment to returning value to its shareholders and signals stability and confidence in the company’s performance. This move could influence other companies to consider similar strategies to enhance shareholder value and boost investor confidence in the market.
Conclusion
In conclusion, Nokia’s bold decision to repurchase its own shares signifies a positive outlook for the company’s future. This move not only benefits existing shareholders but also sends a strong message to the business world about Nokia’s resilience and strategic planning. As we await further developments, it is evident that Nokia is positioning itself for growth and stability in the ever-evolving market landscape.
