Completed 3-yr buyback of 1.04 bln usd launched in 2021 (Il Sole 24 Ore Radiocor) - Paris, 21 Jun - Franco-Italian chip producer STMicroelectronics said it is launching a new share buyback comprising two programs totaling up to 1.1 billion dollars to be executed within three years after completing the 1.04 billion three-year program that it launched in 2021.

Each of the new programs may be commenced at any time.

The purpose of the new buyback is to meet the company's obligations in relation to its employee stock award plans, totalling up to 989 million dollars and supporting the potential settlement of its outstanding convertible bonds, for approximately 111 million.

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(RADIOCOR) 21-06-24 08:29:20 (0153) 5 NNNN