1. Nokia repurchased 3.79 million shares at an average price of €4.76. 2. The buyback program aims to offset dilutive effects from Infinera shares. 3. Total planned repurchases target 150 million shares for €900 million by 2025. 4. Nokia now holds 142.4 million treasury shares post transactions. 5. Nokia emphasizes innovation and high-performance networks in their communications.
Share buybacks generally signal confidence in the company's future and reduce share dilution, potentially increasing share price. Similar historical buyback events have often led to positive market reactions.
The repurchase program can enhance shareholder sentiment and market perception, likely influencing stock price positively; therefore, it holds medium to high importance.
The immediate effect of buybacks typically influences stock price in the short term, particularly as demand for shares increases.