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An announcement from Nokia ( (GB:0HAF) ) is now available.
Nokia Corporation has announced a repurchase of 872,093 of its own shares at an average price of EUR 4.41 each as part of a share buyback program initiated to counteract the dilutive effects of new shares issued to Infinera Corporation’s shareholders. This buyback program, which aims to repurchase up to 150 million shares by the end of 2025, is expected to have a significant financial impact, with a total transaction cost of EUR 3,842,878 on January 10, 2025. The program is in compliance with the Market Abuse Regulation and authorized by Nokia’s Annual General Meeting. The move underscores Nokia’s strategic focus on maintaining shareholder value and aligning its capital structure effectively.
More about Nokia
Nokia is a leader in B2B technology innovation, focusing on pioneering networks that sense, think, and act across mobile, fixed, and cloud networks. The company is known for its high-performance networks that integrate seamlessly into various ecosystems, offering secure and sustainable solutions for service providers, enterprises, and partners globally. Nokia is also recognized for its long-term research and intellectual property led by the renowned Nokia Bell Labs.
YTD Price Performance: 5.02%
Average Trading Volume: 2,488,132
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €24.36B
For detailed information about 0HAF stock, go to TipRanks’ Stock Analysis page.
