Nokia Corporation Stock Exchange Release
Repurchase of Own Shares on 04.12.2024
On 4 December 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 872,093 4.02 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.02 * Rounded to two decimals
On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
This move by Nokia to repurchase its own shares is aimed at maintaining the value of the company’s stock and offsetting any dilution that may occur from issuing new shares. By buying back shares, Nokia is signaling to investors that it believes the current stock price is undervalued and is a good investment. Share buyback programs are a common strategy used by companies to boost shareholder value.
How this will affect me:
As a shareholder of Nokia Corporation, the repurchase of own shares can have a positive impact on your investment. By reducing the number of outstanding shares in the market, the value of each remaining share may increase. This could result in higher dividends and a higher stock price for existing shareholders.
How this will affect the world:
The repurchase of own shares by Nokia Corporation may have a broader impact on the world economy. Share buyback programs are often seen as a sign of financial strength and confidence in the company’s future performance. This can have a positive ripple effect on the overall stock market and investor sentiment, potentially boosting economic growth and stability.
Conclusion:
In conclusion, Nokia Corporation’s decision to repurchase its own shares is a strategic move aimed at enhancing shareholder value and strengthening investor confidence. This action not only benefits individual shareholders by potentially increasing the value of their investments but also has the potential to have a positive impact on the global economy. Share buyback programs are a common tool used by companies to manage their capital structure and signal to the market that they believe in their own growth prospects.
