Nokia Corporation: Repurchase of own shares on 29.11.2024
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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 29, 2024 | 8:45 pm
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Nokia has started a share buyback program to repurchase 150 million shares for up to EUR 900 million, aiming to offset dilution from new shares issued to Infinera Corporation shareholders.
The share buyback program is a positive signal to investors as it indicates Nokia's commitment to managing share dilution and potentially increasing shareholder value. The program's scale and financial commitment suggest a significant impact on Nokia's stock price.
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