The Stellantis Board of Directors approved a share buyback program of up to €3 billion or $3.23 billion (total purchase price excluding ancillary costs) to be executed on the market. Stellantis intends to cancel the common shares acquired through the share buyback program apart from a portion of up to €0.5 billion, which may be used to service share-based compensation and employee stock purchase plans. The shares will be purchased over a period ending December 31, 2024, on NYSE / Euronext Milan / Euronext Paris and other multilateral trading facilities. The opportunity to initiate the buyback program stems from Stellantis’ … (read full article...)
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