The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.STMicroelectronics N.V.(registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jan 6, 2025 to Jan 10, 2025 (the "Period”), of 380,700 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 24.8158 and for an overall price of EUR 9,447,378.35.
STMicroelectronics Announces Status ofCommon Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Jan 6, 2025 to Jan 10, 2025 AMSTERDAM – January 13, 2025 -- STMicroelectronics N.V.(the "Company” or "STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the "Program”) disclosed via a press release dated June 21, 2024.
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.
The story "STMicroelectronics Announces Status of Common Share Repurchase Program" has 533 words across 15 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "STMicroelectronics Announces Status of Common Share Repurchase Program" was covered 1 weeks ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 25 news stories per day.
It's most recent story was published 12 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
