Nokia cancels repurchased shares
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Nokia Corporation has cancelled 157,646,220 shares that were repurchased as part of a buyback program initiated in March 2024. This decision was made by the Board of Directors.
December 04, 2024 | 2:15 pm
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POSITIVE IMPACT
Nokia has cancelled 157,646,220 shares repurchased under its buyback program, potentially impacting share value by reducing the number of shares outstanding.
The cancellation of repurchased shares reduces the total number of shares outstanding, which can increase the value of remaining shares by improving earnings per share (EPS) and potentially boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100