Nokia: new share buyback program
(CercleFinance.com) - Nokia announces that it has decided on a share buyback program to offset the dilutive effect of the issuance of new shares to Infinera shareholders and of existing share-based compensation plans of this company in the process of being acquired.
The program aims to buy back 150m Nokia shares, or around 3% of the share capital, for a total purchase price not exceeding E900m. Repurchases will begin no earlier than 25 November 2024, and end no later than 31 December 2025.
Shares will be acquired on Nasdaq Helsinki and certain multilateral trading facilities. No repurchases will be made in the United States, and any shares repurchased by the network equipment supplier will be cancelled.
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The program aims to buy back 150m Nokia shares, or around 3% of the share capital, for a total purchase price not exceeding E900m. Repurchases will begin no earlier than 25 November 2024, and end no later than 31 December 2025.
Shares will be acquired on Nasdaq Helsinki and certain multilateral trading facilities. No repurchases will be made in the United States, and any shares repurchased by the network equipment supplier will be cancelled.
Copyright (c) 2024 CercleFinance.com. All rights reserved.