STMicroelectronics buys back 145,390 shares for €9.24M at €63.54 average
STM•STMicroelectronics repurchased 145,390 common shares (0.02% of capital) from June 29–July 3 at a weighted average price of €63.5445, for a total of €9.24 million. Following these transactions, treasury holdings rose to 18.88 million shares, representing 2.1% of issued capital.
1. Buyback Program Execution
Between June 29 and July 3, STMicroelectronics’ broker repurchased 145,390 ordinary shares on Euronext Paris at a weighted average price of €63.5445, for a total outlay of €9,238,728.20 under its approved share repurchase program.
2. Impact on Treasury Holdings
After these purchases, the company’s treasury stock balance increased to 18,882,103 shares, equivalent to approximately 2.1% of its total issued share capital.
3. Program Objectives and Potential Impact
The buybacks are intended to satisfy obligations arising from employee share option and allocation plans, with any excess shares available for other lawful purposes. These repurchases may also modestly boost earnings per share by reducing shares outstanding.
