Nokia Corporation Temporarily Halts Share Repurchases on 16/08/2024 Due to Offer to Infinera Shareholders: A Heartfelt Update
Description:
Nokia Corporation Stock Exchange Release 16 August 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 16.08.2024 – Repurchases temporarily paused due to an offer to Infinera shareholders Espoo, Finland – On 16 August 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 1,700,000 3.70 CEUX 688,391 3.70 BATE – – AQEU – – TQEX – – Total 2,388,391 3.70 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024.
Personal Impact:
As a Nokia Corporation shareholder, the temporary halt in share repurchases due to the offer to Infinera shareholders may affect your investment strategy. It is important to stay informed about the latest developments and decisions made by the company to make informed decisions about your investment in Nokia Corporation.
Global Impact:
The temporary halt in share repurchases by Nokia Corporation could have a ripple effect on the global stock market. Investors and stakeholders in the tech industry may monitor this situation closely to gauge the impact on the overall market and make necessary adjustments to their investment portfolios.
Conclusion:
In conclusion, the temporary pause in share repurchases by Nokia Corporation highlights the dynamic nature of the stock market and the unpredictable factors that can influence investment decisions. It is important for shareholders and investors to stay updated on the latest developments to navigate the market effectively.
