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Nokia ( (GB:0HAF) ) has provided an announcement.
Nokia has announced a share repurchase program aimed at mitigating the dilution effects of shares allocated to Infinera Corporation’s shareholders and certain stock-based incentives. On December 27, 2024, Nokia repurchased 875,685 shares at an average price of €4.27, with a total cost of €3,740,926. This program, initiated in November 2024, plans to acquire up to 150 million shares with a maximum budget of €900 million, and it complies with EU market regulations. This move is part of Nokia’s strategic efforts to manage its share capital effectively and maintain its competitive positioning in the technology market.
More about Nokia
Nokia is a leader in B2B technology and innovation, offering advanced network solutions that integrate seamlessly across ecosystems. The company specializes in fixed, mobile, and cloud network services, leveraging its expertise and renowned Nokia Bell Labs for long-term research and development. Nokia is committed to creating value through intellectual property and maintaining high performance, responsibility, and security standards in its networks, serving service providers, businesses, and partners worldwide.
YTD Price Performance: 43.58%
Average Trading Volume: 2,556,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €23.08B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
