STMicroelectronics: treasury stock increased to 1.3%.

(CercleFinance.com) - STMicroelectronics announced on Monday that it had spent almost 13.
5 million euros last week acquiring its own shares as part of its ongoing share buyback program.

In a financial notice, the chipmaker said it had bought back 47,000 shares during the sessions from November 4 to 8, on the basis of an average unit price of just over 24.66 euros.

With these purchases, which represent 0.06% of its share capital, STM says it has increased its treasury stock to 12.1 million shares, or 1.3% of the share capital.

Last June, the group announced the launch of a share buyback plan worth up to $1.1 billion, to be carried out over a three-year period.

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