STMicroelectronics announced on October 14, 2024, the status of its common share repurchase program, detailing transactions from October 7 to October 11, 2024. During this period, the company repurchased 364,100 ordinary shares on Euronext Paris.
The total value of these repurchases amounted to EUR 9,281,194.62, with a weighted average purchase price of EUR 25.4908 per share. These transactions represent 0.04% of the company's issued share capital.
Following these buybacks, STMicroelectronics now holds a total of 10,467,614 treasury shares, which constitutes approximately 1.1% of its issued share capital. The purpose of these transactions is to meet obligations arising from share option programs and other share allocations to employees and management.
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