Nokia ( (GB:0HAF) ) has issued an announcement.
Nokia Corporation has repurchased 3,942,227 of its own shares at an average price of EUR 4.99 per share on April 1, 2025, as part of a share buyback program initiated to offset the dilutive effects of new shares issued to Infinera Corporation shareholders. The program, which began in November 2024 and is set to conclude by the end of 2025, aims to repurchase 150 million shares for a total cost of up to EUR 900 million. This strategic move is in compliance with EU regulations and reflects Nokia’s efforts to manage its share capital effectively, potentially impacting its market positioning and shareholder value.
More about Nokia
Nokia is a B2B technology innovation leader, specializing in mobile, fixed, and cloud networks. The company is known for pioneering networks that sense, think, and act, leveraging its expertise across various network types. Nokia Bell Labs, a key component of the company, drives long-term research and innovation. The company focuses on creating secure, reliable, and sustainable networks, and collaborates with service providers, enterprises, and partners globally to develop digital services and applications.
YTD Price Performance: 14.00%
Average Trading Volume: 2,582,167
Technical Sentiment Signal: Sell
Current Market Cap: €26.01B
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