on STMICROELECTRONICS (EPA:STM)
STMicroelectronics Updates on Share Repurchase Program
STMicroelectronics N.V., a prominent player in the semiconductor industry, released new details regarding its share repurchase program. This initiative, originally announced in June 2024, is part of a strategic decision approved by shareholders and the supervisory board. Between March 17 and March 19, 2025, the company repurchased 153,620 ordinary shares. The transaction occurred on the Euronext Paris market and each share was acquired for an average price of EUR 23.3732, resulting in a total expenditure of EUR 3,590,597.89.
The share buyback aligns with the Market Abuse Regulation, specifically for settling obligations from employee share option programs. Following these transactions, STMicroelectronics holds 16,880,132 treasury shares, equivalent to 1.9% of its issued share capital. These shares may be retained for future allocations or for lawful purposes under the regulation.
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