STMicroelectronics announced on November 11, 2024, the latest status of its common share repurchase program, covering transactions from November 4 to November 8, 2024. During this period, the company repurchased 547,000 ordinary shares on Euronext Paris.
The total cost for these repurchases was EUR 13,491,072.70, with a weighted average purchase price of EUR 24.6638 per share. These transactions represent 0.06% of the company's issued share capital.
Following these buybacks, STMicroelectronics now holds a total of 12,101,356 treasury shares, which accounts for approximately 1.3% of its issued share capital. The repurchases are intended to fulfill obligations arising from share option programs and other share allocations to employees.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.