Nokia Corporation: Repurchase of own shares on 11.12.2024
Portfolio Pulse from
Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.17 per share as part of a buyback program. This initiative aims to offset the dilution from new shares issued to Infinera Corporation shareholders and related incentives.
December 11, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nokia has repurchased 872,093 shares at EUR 4.17 each as part of a buyback program to offset dilution from new shares issued to Infinera shareholders.
The share buyback is a positive signal to investors as it indicates Nokia's commitment to managing share dilution and potentially supports the stock price. The buyback program is substantial, targeting 150 million shares, which could have a significant impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100