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Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia announced the repurchase of its shares as part of a share buyback program aimed at offsetting the dilution effect of shares issued to Infinera Corporation’s shareholders and for certain stock-based incentives. The buyback aligns with European regulations and is authorized by Nokia’s general meeting, with plans to acquire up to 150 million shares by the end of 2025, for a maximum total of 900 million euros. As of December 16, 2024, Nokia has spent 3,648,885 euros on the share acquisitions, now holding 215,124,881 of its own shares.
More about Nokia
Nokia is a leader in B2B technology and innovation, specializing in advanced network solutions that integrate seamlessly across various ecosystems. The company leverages its expertise in fixed, mobile, and cloud networks, and is recognized for its intellectual property and research led by Nokia Bell Labs. Nokia’s network solutions are trusted globally for their performance, sustainability, and security standards, and the company collaborates with partners worldwide to develop future digital services and applications.
YTD Price Performance: 42.36%
Average Trading Volume: 2,736,033
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.98B
Find detailed analytics on 0HAF stock on TipRanks’ Stock Analysis page.
