Nokia Corporation: Repurchase of own shares on 29.01.2025
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Nokia Corporation has repurchased 872,093 of its own shares at an average price of EUR 4.33 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.
January 29, 2025 | 8:45 pm
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Nokia's share repurchase of 872,093 shares at EUR 4.33 each is part of a buyback program to counteract dilution from new shares issued to Infinera shareholders. This could support Nokia's stock price by reducing share supply.
The buyback reduces the number of shares in circulation, which can increase earnings per share and support the stock price. The action is directly related to offsetting dilution from new shares issued to Infinera shareholders, making it highly relevant and important for Nokia investors.
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