Nokia Corporation: Repurchase of own shares on 13.12.2024
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Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.22 per share as part of a buyback program initiated to offset dilution from new shares issued to Infinera Corporation shareholders. The program aims to repurchase 150 million shares by the end of 2025.
December 13, 2024 | 8:45 pm
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Nokia has repurchased 872,093 shares at EUR 4.22 each as part of a buyback program to offset dilution from new shares issued to Infinera shareholders. This action is part of a larger plan to repurchase 150 million shares by the end of 2025.
The share buyback program is a positive signal to investors as it indicates the company's intention to manage share dilution and potentially increase shareholder value. The repurchase of shares can lead to a higher EPS and is generally viewed favorably by the market.
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