STMicroelectronics (STM) has released an update.
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STMicroelectronics has announced the completion of a share repurchase program, buying back 353,300 of its own shares from August 19 to August 23, 2024, for a total outlay of EUR 9,911,340.88. The repurchased shares, which represent about 0.04% of the company’s issued share capital, are intended for employee share option plans and other corporate purposes. Following the buyback, STMicroelectronics holds approximately 1.1% of its issued share capital in treasury.
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