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Nokia ( (GB:0HAF) ) has shared an update.
Nokia has initiated a share buyback program to offset the dilution effects of shares issued to Infinera Corporation shareholders and certain share-based incentives. The program commenced on November 25, 2024, following the guidelines of EU regulations and is authorized by Nokia’s annual general meeting. The aim is to repurchase up to 150 million shares with a budget of up to 900 million euros, concluding by December 31, 2025. As of January 23, 2025, Nokia has repurchased shares worth 3,908,459 euros, increasing its total treasury shares to 230,798,433.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering future-ready, intelligent network solutions. Its expertise spans fixed, mobile, and cloud network services, creating value through intellectual property and research led by Nokia Bell Labs. The company focuses on open architecture-based, efficient network solutions that integrate seamlessly into various ecosystems, trusted by service providers, enterprises, and partners worldwide for performance, responsibility, and security standards.
YTD Price Performance: 4.46%
Average Trading Volume: 2,201,103
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.23B
Learn more about 0HAF stock on TipRanks’ Stock Analysis page.
