Nokia Corporation: Repurchase of own shares on 26.11.2024
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Nokia Corporation has initiated a share buyback program to repurchase 150 million shares for up to EUR 900 million, starting on 25 November 2024 and ending by 31 December 2025. This move aims to offset the dilution from new shares issued to Infinera Corporation shareholders.
November 26, 2024 | 8:45 pm
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Nokia has started a share buyback program to repurchase 150 million shares, aiming to offset dilution from new shares issued to Infinera Corporation shareholders. This could positively impact Nokia's stock price by reducing share supply.
The share buyback program is a significant corporate action aimed at reducing the dilution effect from the issuance of new shares. By repurchasing shares, Nokia is likely to increase the value of remaining shares, which can lead to a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100