HELSINKI - Nokia Corp (HEX:HE:NOKIA) announced today the cancellation of 157,646,220 of its own shares, in line with a decision made by its Board of Directors. The shares were acquired during a buyback program that ran from March 20, 2024, to November 21, 2024.
The cancellation of these shares has been registered in the trade register on December 4, 2024, and does not affect the company's share capital or total equity. Following the cancellation, the total number of Nokia's shares and voting rights stands at 5,605,850,345. Nokia now holds 208,160,941 of its own shares.
This move by Nokia, a leader in B2B technology and innovation known for its pioneering work in sensing, thinking, and intelligent network solutions, is part of its ongoing financial strategy. The company's leadership is built on expertise in fixed, mobile, and cloud networks, and it creates value through intellectual property rights and long-term research and development, led by the award-winning Nokia Bell Labs.
Nokia's network solutions, based on open architecture, integrate seamlessly into various ecosystems, opening new opportunities for commercializing and scaling networks. Service providers, enterprises, and partners worldwide rely on the performance, responsibility, and security standards of Nokia's networks. The company collaborates with partners to develop future digital services and applications.
The information in this article is based on a press release statement from Nokia.
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