Nokia Corporation's Share Buyback Program Highlights in 2024

Nokia Corporation's Ongoing Share Buyback Program

Nokia Corporation has been making significant strides in managing its capital and enhancing shareholder value through a structured share buyback program. This initiative is designed to return a substantial amount of cash to shareholders and provide potential positive impacts on the stock price.

Details of Recent Share Repurchases

On a notable day in October, Nokia announced its recent acquisition of shares. These transactions reflect the company’s continual efforts to buy back its stock under the current share buyback program initiated earlier this year. As part of this strategic move, the total number of shares repurchased reached an impressive figure.

Share Repurchase Breakdown

On the announced date, Nokia acquired a total of 1,895,608 shares across various trading venues. Specifically, 800,757 shares were bought on the XHEL trading platform and 1,094,851 on CEUX. The average price paid per share was approximately EUR 3.95, showcasing a consistent approach in managing share values amid fluctuating market conditions.

Strategic Implications for Shareholders

Nokia's board of directors laid the groundwork for this buyback program in early 2024, pledging an impressive EUR 600 million over two years. The first phase of this program commenced in March, and due to the favorable market response, the company decided to accelerate its buyback activities, indicating strong confidence in its future growth.

Financial Impact of the Buyback

By executing these transactions, Nokia aims to enhance its financial standing and provide added value to shareholders. The total execution cost for the recent transactions amounted to around EUR 7.49 million, a testament to the company's commitment to returning wealth to its shareholders.

Nokia's Vision and Future Directions

Nokia is not just focusing on repurchasing shares; it is also innovating in technology to support its vision of creating connected networks that bolster collaboration globally. The company prides itself on being a leader in B2B technology and is determined to pave the way for secure and sustainable networks in the future.

Commitment to Innovation

Through its extensive research, notably facilitated by Nokia Bell Labs, the company continually seeks to push the boundaries of technology. Its innovations are essential for service providers and enterprises worldwide, ensuring that they meet the demands of future digital landscapes.

Contact Information

For additional inquiries about Nokia Corporation, shareholders can reach out to Nokia Communications. Their dedicated team is ready to provide information regarding the ongoing buyback programs and answer any related questions.

If investors seek to understand more about dividends or future financial decisions, they can also contact Nokia Investor Relations directly.

Frequently Asked Questions

What is the purpose of Nokia's share buyback program?

The program aims to return value to shareholders by repurchasing shares, which can help improve the stock price and enhance investor confidence.

How many shares has Nokia repurchased recently?

Nokia has recently repurchased a total of 1,895,608 shares as part of its ongoing buyback initiative.

What was the average price per share during the buyback?

The weighted average price per share repurchased was EUR 3.95.

Why did Nokia decide to accelerate its buyback program?

The acceleration of the program reflects the company's confidence in its financial health and future growth potential.

How can investors get more information about Nokia?

Investors can reach out to Nokia Communications and Investor Relations for detailed information on share buybacks and other inquiries.

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