STMicroelectronics (STM) has released an update.
STMicroelectronics has announced the completion of a share repurchase, buying back 264,874 of its own shares between June 10 and June 14, 2024, for a total amount of EUR 10.7 million. This move, part of a previously disclosed program approved by shareholders and the supervisory board, aims to fulfill obligations from debt financial instruments convertible into equity. The company now holds approximately 0.9% of its issued share capital in treasury, which may be used for various lawful purposes.
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