Nokia Corporation Stock Exchange Release
14 November 2024 at 22:30 EET
On 14 November 2024, Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has repurchased its own shares (ISIN FI0009000681) on various trading venues. The details of the repurchase are as follows:
Trading Venue
XHEL
CEUX
BATE
AQEU
TQEX
Number of shares
XHEL: 1,542,583
CEUX: 298,282
Weighted average price / share, EUR*
XHEL: 4.23
CEUX: 4.22
Total shares repurchased: 1,840,865
* Rounded to two decimals
On 25 January 2024, Nokia announced a share buyback program to return up to EUR 600 million to shareholders over a two-year period. The first phase of the program began on 20 March 2024.
How will this affect me?
As a shareholder of Nokia Corporation, the share buyback program could potentially increase the value of your shares and provide you with a return of cash over the specified period.
How will this affect the world?
Nokia’s share buyback program could impact the tech industry as a whole, influencing other companies to consider similar strategies to return cash to shareholders.
Conclusion
The repurchase of Nokia’s own shares signifies the company’s commitment to creating value for its shareholders and potentially influencing the tech industry landscape.
