STMicroelectronics Executes Share Buyback Program

STMicroelectronics NV (FR:STMPA) has released an update.

STMicroelectronics has repurchased 369,000 of its own shares, representing 0.04% of its issued share capital, for approximately EUR 9.41 million. This move is part of the company’s ongoing share repurchase program aimed at fulfilling obligations related to employee share options and other allocations. The shares were bought on the Euronext Paris market at an average price of EUR 25.5055 each.

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