Nokia Corporation: Repurchase of own shares on 03.01.2025
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Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.31 as part of a buyback program to offset dilution from new shares issued to Infinera Corporation shareholders. The program aims to repurchase 150 million shares by the end of 2025.
January 03, 2025 | 8:45 pm
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Nokia has repurchased 872,093 shares at EUR 4.31 each as part of a buyback program to offset dilution from new shares issued to Infinera shareholders. This is part of a larger plan to repurchase 150 million shares by the end of 2025.
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 can increase earnings per share and support the stock price. The repurchase of 872,093 shares is a step towards the larger goal of 150 million shares, indicating ongoing commitment to the program.
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RELEVANCE 100