STMicroelectronics Discloses Share Repurchase Program Status

STMicroelectronics N.V., a prominent semiconductor company, has announced details about its common share repurchase program. The initiative, approved by shareholders on May 22, 2024, facilitated the repurchase of 88,200 ordinary shares. Conducted between November 25 and November 29, 2024, the shares were acquired on Euronext Paris for a total expenditure of EUR 2,123,379.72, at a weighted average price of EUR 24.0746 per share.

The repurchase aims to fulfill obligations arising from share option programs and possible allocations to employees or company executives. The company now holds 13,133,241 treasury shares, amounting to 1.4% of its issued share capital. Detailed transaction records are available on STMicroelectronics' investor website.