STMicroelectronics (STM) has released an update.
STMicroelectronics has announced the completion of a share repurchase program, buying back 140,758 of its own shares for a total cost of approximately EUR 5.4 million. The buyback, conducted on the Euronext Paris from May 13 to May 17, 2024, aims to fulfill obligations from debt financial instruments exchangeable into equity. Following these transactions, the company now holds about 1.3% of its issued share capital in treasury shares.
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