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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nokia Corp | NYSE:NOK | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.015 | 0.39% | 3.885 | 3.92 | 3.854 | 3.865 | 13,173,133 | 20:11:37 |
From May 2021 to May 2024
By Michael Dabaie
Nokia Corp. on Friday said it launched the first phase of a share buyback program.
The provider of network infrastructure, technology, and software services said the first phase of the program will be for up to 300 million euros ($342 million).
The repurchases will start at the earliest on Feb. 14, 2022, and end by December 2022.
The repurchases are meant to optimize Nokia's capital structure through the reduction of capital.
Nokia in early February said its board would be initiating a share buyback program under the current authorization, with purchases expected to begin in the first quarter. The program targets to return up to EUR600 million of cash to shareholders over two years.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
February 11, 2022 09:51 ET (14:51 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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