Nokia Launches First Phase of Buyback Program; Up to EUR300 Million
11 Fevereiro 2022 - 12:06PM
Dow Jones News
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)
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