Stellantis Amplifies Shareholder Value with Buyback Program

Sharing Insights on Stellantis' Latest Buyback Initiative

As a leading global automotive manufacturer, Stellantis N.V. is constantly enhancing its shareholder value. Recently, they announced the details of their third tranche of the 2024 Share Buyback Program, a significant step aimed at reinforcing investor confidence and financial health.

Overview of the Buyback Program

This buyback program, which commenced on August 1, 2024, allows for repurchases of up to €1 billion in common shares through market transactions. The period for this tranche runs until November 29, 2024. The recent week from August 30 to September 5, 2024, saw Stellantis invest substantially in their own stock, showcasing a robust commitment to returning value to their shareholders.

Share Purchase Details

During this recent week, Stellantis bought back a total of 10,234,319 shares. The average market purchase price stood at approximately €14.6426 per share, leading to a total repurchased volume of about €149,856,750. Such strategic moves are crucial for maintaining stock price stability and demonstrating financial strength.

Comprehensive Total Shares and Treasury Holdings

Since the beginning of August 2024, Stellantis has successfully purchased 30,698,535 common shares for a combined cost of €446,893,312. By September 5, they held 112,798,709 shares in treasury, which is about 2.88% of the total issued share capital. This highlights the ongoing efforts of Stellantis to actively manage its capital structure.

Strategic Intentions Behind the Buyback

By implementing such buyback programs, Stellantis aims to increase earnings per share, enhance shareholder returns, and bolster overall market confidence in the company. The buyback also serves as a testament to their confidence in long-term growth and stability in a rapidly changing automotive landscape.

About Stellantis and Future Aspirations

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is recognized as one of the world's foremost automotive manufacturers, committed to providing innovative and sustainable mobility solutions. With a diverse portfolio of brands ranging from Abarth to Jeep and Peugeot, Stellantis is not only focused on financial metrics but also aims to produce vehicles that meet high environmental standards.

Commitment to Sustainability

The company is executing its Dare Forward 2030 strategic plan, which underscores their commitment to becoming a carbon net-zero mobility tech firm by 2038. Stellantis believes that comprehensive strategies addressing emissions, innovative production techniques, and robust stakeholder engagement will play a pivotal role in their growth trajectory.

Frequently Asked Questions

Why is Stellantis conducting a share buyback program?

The share buyback program is designed to enhance shareholder value by increasing the company's earnings per share and demonstrating confidence in its long-term financial health.

How many shares did Stellantis buy back last week?

During the week of August 30 to September 5, 2024, Stellantis repurchased a total of 10,234,319 shares.

What is the total amount spent on shares bought back since August 2024?

Since the beginning of August 2024, Stellantis has spent a total of €446,893,312 on share repurchases.

What percentage of the total issued share capital is held in treasury by Stellantis?

As of September 5, 2024, Stellantis holds 2.88% of the total issued share capital in treasury shares.

What are the future goals of Stellantis?

Stellantis aims to become a carbon net-zero mobility tech company by 2038, emphasizing innovation and sustainable development in its operations.

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