Nokia cancels 150 million shares after buyback

Published 23/04/2025, 14:04
Nokia cancels 150 million shares after buyback

HELSINKI - Nokia Oyj (HE:NOKIA) announced today the cancellation of 150 million shares that were repurchased as part of its share buyback program initiated in November 2024. The shares were acquired over the period from November 25, 2024, to April 2, 2025, following a decision made by the company’s board.

The cancellation of these shares has been recorded in the trade register on April 23, 2025. This action does not affect Nokia’s share capital or the total amount of equity. After the cancellation, the total number of Nokia Oyj’s shares and voting rights stands at 5,455,850,345. Nokia Oyj now holds 66,184,658 of its own shares.

Nokia, a leader in B2B technology and innovation, is recognized for pioneering future-oriented network solutions that are perceptive, cognitive, and intelligent. The company’s position is built on expertise in fixed, mobile, and cloud service networks, as well as the value created through intellectual property rights and continuous research and development led by the award-winning Nokia Bell Labs over the past century.

The company’s efficient network solutions are based on open architecture and integrate seamlessly into various ecosystems, enabling new opportunities for commercializing and scaling networks. Service providers, enterprises, and partners worldwide rely on Nokia’s network performance, responsibility, and security standards.

The information for this report is based on a press release statement from Nokia.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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