Stmicroelectronics N.V. (STM) has released an update.
STMicroelectronics N.V. has reported the purchase of 151,419 of its own shares between April 22 and April 26, 2024, as part of its share buy-back program, spending a total of EUR 5,712,252.36. The buy-back program, aimed at fulfilling obligations from debt financial instruments convertible into equity, resulted in the company holding approximately 1.2% of its issued share capital in treasury. The program’s transactions were conducted on the regulated market of Euronext Paris, aligning with the company’s goals of financial instrument management and lawful corporate purposes.
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