The Impact of Nokia Corporation’s Share Repurchase Program

Nokia Corporation Repurchases Own Shares

On 21 October 2024, Nokia Corporation announced that it has repurchased its own shares on various trading venues. The company acquired a total of 1,586,847 shares at a weighted average price of EUR 4.33 per share.

Share Buyback Program

Back in January 2024, Nokia’s Board of Directors initiated a share buyback program with the aim of returning up to EUR 600 million of cash to shareholders over a period of two years. The first phase of the program commenced on 20 March 2024.

Effects on Shareholders

For shareholders of Nokia Corporation, the share repurchase program could potentially lead to an increase in the company’s stock price. By reducing the number of outstanding shares in the market, the repurchase could also improve earnings per share metrics for existing shareholders.

Global Impact

From a broader perspective, Nokia Corporation’s share repurchase program could have implications for the global stock market. As one of the leading technology companies in the world, Nokia’s actions in the stock market could influence investor sentiment and overall market trends.

Conclusion

In conclusion, Nokia Corporation’s decision to repurchase its own shares is a strategic move that could benefit both the company and its shareholders. The effects of the share buyback program may ripple beyond just Nokia’s stock price, potentially impacting the global market as well.