Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisition [Yahoo! Finance]
Nokia Corporation Sponsored American Depositary Shares (NOK)
Last nokia corporation sponsored american depositary shares earnings: 4/30 01:00 am
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Source: Yahoo! Finance
Espoo, Finland – In line with the announcement made on 27 June 2024, Nokia Corporation ("Nokia" or the "Company") has today decided to launch a share buyback program to offset the dilutive effect of issuing new shares to the shareholders of Infinera Corporation and from Infinera's existing share-based incentives. The daily buyback volume is expected to increase following the completion of the Infinera acquisition, and the program will be terminated if the acquisition is cancelled. The main terms of the share buyback program: • The program targets to repurchase 150 million shares, for an aggregate purchase price not exceeding EUR 900 million. • The repurchases will start at the earliest on 25 November 2024 and end latest by 31 December 2025. • The purpose of the repurchases is to reduce Nokia's capital to offset the dilution from issuing additional shares. The repurchased shares will be cancelled accordingly. The repurchases will be funded using the Company's funds in the rese
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NOK
News
- NOK Solution to Boost Microsoft's Data Center Network: Stock to Gain? [Yahoo! Finance]Yahoo! Finance
- Nokia launches share buyback program to offset the dilutive effect of the Infinera acquisitionGlobeNewswire
- Nokia Board of Directors resolved on issuing shares without consideration to the company and a subsequent directed issuance related to the planned completion of the Infinera Corporation acquisitionGlobeNewswire
- Nokia completes the share buyback program launched in MarchGlobeNewswire
- NOK Wins Multi-Billion 5G Deal Extension From Airtel: Stock to Gain? [Yahoo! Finance]Yahoo! Finance
NOK
Earnings
- 10/17/24 - Miss
NOK
Sec Filings
- 11/22/24 - Form 6-K
- 11/21/24 - Form 6-K
- 11/12/24 - Form 6-K
- NOK's page on the SEC website