Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia Corporation announced the repurchase of its shares to offset the dilutive effect of issuing new shares to Infinera Corporation’s shareholders and certain incentives. This repurchase is part of a broader buyback program targeting 150 million shares, with a maximum aggregate purchase price of EUR 900 million. The program is expected to conclude by the end of 2025 and aims to strengthen Nokia’s market position by managing share dilution, thereby benefiting shareholders and maintaining investor confidence.
More about Nokia
Nokia is a B2B technology innovation leader, focusing on mobile, fixed, and cloud networks. The company is known for pioneering networks that sense, think, and act, leveraging intellectual property and long-term research by Nokia Bell Labs. Nokia provides secure, reliable, and sustainable high-performance networks with open architectures, creating opportunities for monetization and scale for service providers, enterprises, and partners worldwide.
YTD Price Performance: 0.21%
Average Trading Volume: 2,543,184
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.36B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.