STMicro: launches new share buyback plan

(CercleFinance.com) - STMicroelectronics announces the completion of its $1.
04bn three-year share repurchase programs launched in 2021, as well as the launch of a new share repurchase plan this year.

The latter comprises two programs and is for op to $1.1bn, to be executed over a three-year period (subject to shareholder and other approvals, as applicable).

Under its previous programs, STMicro bought back a total of 24,880,267 shares, at a weighted average purchase price of E38.67 per share, for a total of E962,050,015, equivalent to $1.04bn.


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