Nokia Corporation: Repurchase of own shares on 18.12.2024
Portfolio Pulse from
Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.29 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 18, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Nokia has repurchased 872,093 shares at EUR 4.29 each as part of a buyback program to offset dilution from shares issued to Infinera shareholders. This move is likely to support Nokia's stock price by reducing share supply.
The share buyback program is designed to offset dilution from new shares issued, which is generally seen as a positive action for existing shareholders as it reduces the total number of shares outstanding, potentially supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100