Nokia Corporation: Repurchase of own shares on 19.12.2024
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Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.23 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 19, 2024 | 8:45 pm
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POSITIVE IMPACT
Nokia has repurchased 872,093 shares at EUR 4.23 each as part of a buyback program to offset dilution from new shares issued to Infinera shareholders.
The share buyback is likely to positively impact Nokia's stock price in the short term as it reduces the number of shares outstanding, potentially increasing earnings per share and signaling confidence from the management.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100