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Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia has initiated a share buyback program aimed at counterbalancing the dilution effects of shares issued to Infinera Corporation’s shareholders and specific stock-based incentives. This program, which started in late November 2024, seeks to acquire 150 million shares, with a total expenditure cap of 900 million euros. As of December 11, 2024, the company has purchased shares valued at 3.6 million euros, bringing the total number of treasury shares to over 212 million. This strategic move aims to strengthen Nokia’s stock position, potentially impacting its market standing and shareholder value positively.
More about Nokia
Nokia is a leader in B2B technology and innovation, pioneering advanced network solutions that integrate seamlessly into various ecosystems. The company’s expertise spans fixed, mobile, and cloud service networks, with a focus on creating value through intellectual property and research led by Nokia Bell Labs. Nokia’s networks are trusted globally for their performance, responsibility, and security standards, working with partners to develop future digital services and applications.
YTD Price Performance: 40.64%
Average Trading Volume: 2,533,942
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €22.79B
For an in-depth examination of 0HAF stock, go to TipRanks’ Stock Analysis page.
