Breaking News: Nokia Corporation Buys Back Its Own Shares on 02/20/2025!
Description:
Nokia Corporation Stock Exchange Release 20 February 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 20.02.2025 Espoo, Finland – On 20 February 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 1,256,122 4.77 CEUX – – BATE – – AQEU – – TQEX – – Total 1,256,122 4.77 * 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 This Will Affect Me?
As a shareholder or potential investor of Nokia Corporation, the repurchase of shares can have a direct impact on the value and performance of your investment. By reducing the number of outstanding shares in the market, the buyback program may lead to an increase in earnings per share and potentially boost the stock price. This could result in a positive return on investment for shareholders.
How This Will Affect the World?
The decision of Nokia Corporation to repurchase its own shares reflects the company’s confidence in its financial stability and future growth prospects. This move can also send positive signals to the market and industry, potentially boosting investor confidence in Nokia’s long-term strategy. Furthermore, the buyback program may have a ripple effect on the overall stock market, influencing investor sentiment and market trends.
Conclusion:
In conclusion, Nokia Corporation’s buyback of its own shares signifies a strategic financial decision aimed at enhancing shareholder value and reinforcing market confidence. While the impact of this move can vary for individual investors, it is essential to monitor the company’s performance and market trends to assess the long-term implications of the share repurchase program.
