Feelin’ Fine with Nokia’s Share Repurchase

Get ready for some exciting news!

On 18 October 2024, Nokia Corporation made a bold move by acquiring its own shares on the stock exchange. It’s all about taking control and paving the way for a brighter future.

The Details

Here’s the scoop: Nokia Corporation snagged a total of 2,114,347 shares on 18 October 2024. These shares were purchased at various trading venues, with a weighted average price per share of 4.09 EUR. Talk about a savvy investment!

Back in January of the same year, Nokia’s Board of Directors announced a share buyback program aimed at returning up to EUR 600 million to its shareholders over a two-year period. The first phase of this program kicked off on 20 March 2024, setting the stage for the recent repurchase.

What Does This Mean for You?

So, you might be wondering, how does Nokia’s share repurchase affect you? Well, if you’re a Nokia shareholder, this move could potentially increase the value of your investment. It’s a smart strategy to boost shareholder confidence and reward those who believe in Nokia’s potential.

Impact on the World

Let’s zoom out and look at the bigger picture. Nokia’s proactive approach to repurchasing its shares sends a positive signal to the market and the world. It shows that the company is committed to creating value for its shareholders and building a strong financial foundation for the future.

Conclusion

With Nokia’s recent share repurchase, the future is looking bright for both shareholders and the company as a whole. It’s a strategic move that sets the stage for continued success and growth. So, buckle up and get ready for an exciting ride with Nokia!