Nokia Corporation: Repurchase of own shares on 06.11.2024
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Nokia Corporation has repurchased 1,979,002 of its own shares at an average price of EUR 4.29 as part of a share buyback program initiated to return up to EUR 600 million to shareholders over two years.
November 06, 2024 | 8:45 pm
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Nokia has repurchased 1,979,002 shares at an average price of EUR 4.29, as part of its ongoing EUR 600 million share buyback program.
The repurchase of shares is part of a significant buyback program aimed at returning capital to shareholders, which is generally seen as a positive signal for the stock price. It indicates confidence from the company in its own value and can lead to a short-term increase in stock price due to reduced supply and increased demand.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100