Nokia Cancels 157.6M Repurchased Shares
Ticker: NOKBF · Form: 6-K · Filed: Dec 4, 2024 · CIK: 924613
| Field | Detail |
|---|---|
| Company | Nokia Corp (NOKBF) |
| Form Type | 6-K |
| Filed Date | Dec 4, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-cancellation, share-buyback, treasury-shares
TL;DR
Nokia just wiped out 157.6M shares it bought back. EPS boost incoming?
AI Summary
Nokia Corporation announced on December 4, 2024, that it has cancelled 157,646,220 of its own shares. These shares were repurchased between March 20, 2024, and November 21, 2024, as part of a share buyback program authorized by the company's Board of Directors.
Why It Matters
Cancelling treasury shares reduces the total number of outstanding shares, which can potentially increase earnings per share and shareholder value.
Risk Assessment
Risk Level: low — This is a routine share cancellation following a buyback program, with no immediate negative financial implications.
Key Numbers
- 157,646,220 — Shares Cancelled (Represents a reduction in the total outstanding shares of Nokia.)
Key Players & Entities
- Nokia Corporation (company) — Filer of the report and subject of the share cancellation
- 157,646,220 (dollar_amount) — Number of Nokia shares cancelled
- March 20, 2024 (date) — Start date of the share repurchase period
- November 21, 2024 (date) — End date of the share repurchase period
- December 4, 2024 (date) — Date of the stock exchange release and share cancellation
FAQ
What was the total number of shares repurchased by Nokia during the specified period?
The filing states that 157,646,220 Nokia shares were cancelled, which were repurchased during the period between March 20, 2024, and November 21, 2024.
When did Nokia's Board of Directors make the decision to cancel these shares?
The filing indicates the cancellation was in line with a decision by the Board of Directors, and the stock exchange release is dated December 4, 2024.
What is the purpose of cancelling repurchased shares?
Cancelling repurchased shares reduces the number of outstanding shares, which can impact metrics like earnings per share (EPS) and potentially increase shareholder value.
Under which program were these shares repurchased?
The shares were repurchased under a share buyback program authorized by Nokia Corporation.
What is the filing type and date?
This is a Form 6-K filed on December 4, 2024.
Filing Stats: 417 words · 2 min read · ~1 pages · Grade level 12.9 · Accepted 2024-12-04 09:54:46
Filing Documents
- tm2430166d1_6k.htm (6-K) — 15KB
- tm2430166d1_6kimg001.jpg (GRAPHIC) — 4KB
- 0001104659-24-125394.txt ( ) — 22KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 Report on Form 6-K dated December 4, 2024 (Commission File No. 1-13202) Nokia Corporation Karakaari 7 FI-02610 Espoo Finland (Translation of the registrant’s name into English and address of registrant’s principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F : Form 40-F: Enclosures: Stock Exchange Release: Nokia cancels repurchased shares Stock exchange release 1 ( 1 ) 4 December 2024 Nokia Corporation Stock Exchange Release 4 December 2024 at 16:00 EET Nokia cancels repurchased shares Nokia Corporation has today cancelled 157 646 220 Nokia shares held by the company in line with the decision by the Board of Directors. The shares were repurchased during the period between 20 March 2024 and 21 November 2024 under the share buyback program announced in March 2024. The cancellation of the treasury shares was registered with the Finnish Trade Register on 4 December 2024. The cancellation of the shares does not affect the company’s share capital nor total equity. After the cancellation, the total number of shares and votes in Nokia Corporation is 5 605 850 345. After the cancellation, Nokia Corporation holds 208 160 941 treasury shares. About Nokia At Nokia, we create technology that helps the world act together. As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs. With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. Inquiries: Nokia Communications Phone: +358 10 448 4900 Email: press.services@nokia.com Maria Vaismaa, Global Head of External Communications Nokia Investor Relations Phone: +358 40 803 4080 Email: investor.relations@nokia.com www.nokia.com SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant, Nokia Corporation, has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: December 4, 2024 Nokia Corporation By: /s/ Johanna Mandelin Name: Johanna Mandelin Title: Global Head of Corporate Legal