GENEVA (dpa-AFX) - STMicroelectronics N.V. (STM), a Swiss semiconductor
company, said on Friday that it has launched two share repurchase programs for
up to $1.100 billion, to be executed within a three-year period.

The new share repurchase aims to meet the firm's obligations in relation to its
staff stock award plans of up to $989 million and to support the potential
settlement of its outstanding convertible bonds, for around $111 million, at the
NYSE closing price of June 18, 2024.

The company has also announced the completion of the share repurchases launched
on July 1, 2021 with the duration of around three years.

The Swiss firm repurchased a total of 24.880 million shares, on a weighted
average purchase price of 38.67 euros per share, for a total of 962.050 million
euros or $1.040 billion.



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