(CercleFinance.com) – Nokia announced on Friday evening that it had completed the first phase of the share buyback program announced in February 2022. From February 14 to November 11, it bought back 63,963,583 of its own shares at an average price per share of approximately 4.69 euros.
This first phase represented a maximum of 300 million euros. The Finnish telecom equipment manufacturer now holds a total of 97,786,461 treasury shares. The board of directors will decide separately on the cancellation of the repurchased shares.
Nokia continues to aim to return a total of up to €600 million of cash to its shareholders under the buyback program in installments over a two-year period, subject to continued approval of the annual general meeting.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
