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HELSINKI - Nokia (HE:NOKIA) Corporation (NYSE:NOK) has completed the cancellation of 150 million shares it held, following a repurchase program conducted between November 25, 2024, and April 2, 2025. The cancellation was officially recorded with the Finnish Trade Register today, the company announced.
The shares were bought back as part of a program initiated in November 2024, demonstrating Nokia’s strategy to manage its capital structure efficiently. The reduction in the number of shares will not impact the company’s share capital or total equity. Following the cancellation, Nokia’s total number of shares and voting rights stands at 5,455,850,345. The company retains 66,184,658 treasury shares.
Nokia, a leader in B2B technology innovation, continues to focus on developing networks that are capable of sensing, thinking, and acting. The company is known for its contributions to mobile, fixed, and cloud networks, as well as its intellectual property and long-term research conducted by the Nokia Bell Labs. Celebrating a century of innovation, the Labs have been at the forefront of technological advancements. Nokia’s open architectures are designed to integrate seamlessly into any ecosystem, aiming to provide high-performance networks that enable monetization and scalability for service providers, enterprises, and partners around the globe.
The cancellation of these treasury shares is a move that reflects Nokia’s ongoing efforts to optimize its financial structure and shareholder value. The information regarding this transaction is based on a press release statement from Nokia Corporation.
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