Stmicroelectronics N.V. (STM) has released an update.
STMicroelectronics N.V. reported on its share repurchase program for the period of March 11 to March 15, 2024, buying back 254,839 ordinary shares at an average price of EUR 43.2520, totaling EUR 11,022,290.48. These transactions are aimed at fulfilling obligations from debt financial instruments that can be converted into equity. Post buyback, STMicroelectronics holds about 1.1% of its issued share capital in treasury shares, which may be utilized for various lawful purposes.
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