Stmicroelectronics N.V. (STM) has released an update.
STMicroelectronics N.V. has reported the repurchase of 190,000 of its own shares between April 8 and April 12, 2024, as part of its ongoing share buy-back program, at an average price of EUR 39.3620 per share for a total expenditure of EUR 7,478,783.50. The repurchased shares, now totaling 1.2% of the issued capital, are intended to fulfill obligations from debt financial instruments convertible into equity and may be used for other lawful purposes. This move is part of the company’s broader strategy to manage its capital and invest in its future, with detailed transaction information available on their website.
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