on STMICROELECTRONICS (EPA:STM)
STMicroelectronics Reports on Share Repurchase Program Status
STMicroelectronics N.V. has disclosed details of its ongoing share repurchase program. Between January 6 and January 10, 2025, the company repurchased 380,700 ordinary shares on the Euronext Paris market. This transaction represented 0.04% of its issued share capital.
The average purchase price per share was EUR 24.8158, totaling EUR 9,447,378.35. The purpose of these buybacks aligns with article 5(2) of the EU Market Abuse Regulation, catering to share options and allocations to employees and corporate bodies.
The company now holds 13,676,012 treasury shares, about 1.5% of its issued share capital. Detailed transaction records are available on STMicroelectronics' website. This initiative supports its strategic objectives.
R. P.
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