ESPOO, Finland - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has announced the completion of a share cancellation process, effectively reducing the number of its shares and votes. The Finnish telecommunications company reported that a total of 157,646,220 shares, previously repurchased, have been cancelled as of today.
The shares were bought back between March 20, 2024, and November 21, 2024, as part of a share buyback program that the company had publicized in March 2024. The cancellation was officially recorded with the Finnish Trade Register on the same day.
This action does not impact Nokia's share capital or total equity. Following the cancellation, the total number of Nokia Corporation's shares and votes stands at 5,605,850,345. Additionally, the company still holds 208,160,941 treasury shares.
Nokia is recognized for its contributions to technology innovation, particularly in the development of networks that are designed to be responsive, intelligent, and capable of integration into various ecosystems. The company's commitment to creating high-performance networks is aimed at enabling new opportunities for monetization and scalability for service providers, enterprises, and partners globally.
The information about the share cancellation is based on a press release statement from Nokia Corporation. The company's actions reflect its ongoing financial strategy and governance, which are closely monitored by investors and market analysts.
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