Stellantis Completes Final Share Buyback Round for 2024

Completion of Stellantis' 2024 Share Buyback Program

Stellantis N.V. has recently announced the successful completion of its third and final tranche of the 2024 Share Buyback Program. This initiative, initially unveiled on August 1, 2024, aimed to execute up to €1 billion in share repurchases within the open market from August 1 to November 29, 2024.

From the launch of this program up until October 2, 2024, Stellantis has acquired an impressive total of 72,041,332 common shares, amounting to a total expenditure of €999,999,880. These strategic buybacks showcase the company’s ongoing commitment to enhance shareholder value while reinforcing the market's confidence in Stellantis’ robust financial health.

Weekly Buyback Report Overview

In detailing the weekly share repurchase activity from September 27 to October 2, 2024, Stellantis reported a significant volume of shares repurchased. Here’s a breakdown of the transactions during this period:

- On 30/09/2024: A total of 5,493,814 shares were bought back across various exchanges, totaling approximately €68,282,607.
- On 01/10/2024: Stellantis continued its robust buying spree with an additional 4,147,575 shares purchased for roughly €51,786,791.
- On 02/10/2024: The company finalized the week by acquiring an additional 3,202,695 shares, with a cost of nearly €39,515,697.

Summary of Repurchased Shares

Throughout this week alone, Stellantis successfully repurchased a total of 12,802,804 shares, with an average purchase price of €12.5949 per share. Such endeavors reflect the company’s strategic approach in instilling confidence among investors while actively managing its share distribution.

Treasury Shares and Their Implications

As of October 2, 2024, Stellantis holds around 153,541,506 common shares in its treasury, representing approximately 3.95% of the total issued share capital. The implications of such holdings can be substantial, affecting both earnings per share (EPS) and overall market valuation.

This active management of shares in treasury positions Stellantis strategically within the market, providing the flexibility to support future growth initiatives or respond to shareholder needs as they arise.

About Stellantis

Stellantis N.V. is recognized as one of the world’s leading automakers, dedicated to offering clean, safe, and affordable mobility solutions. The company boasts a wide-ranging portfolio of iconic brands, including Abarth, Alfa Romeo, Chrysler, Citroën, and many others. Stellantis is persistently moving forward with its ambitious Dare Forward 2030 strategy, which aims to transition the organization into a leader in sustainable mobility.

As part of its commitment to sustainability, Stellantis has set the audacious goal of achieving carbon net zero operations by 2038, showcasing its dedication to not just business success, but also to broader environmental responsibility.

Frequently Asked Questions

What is the purpose of the Stellantis Share Buyback Program?

The Stellantis Share Buyback Program aims to enhance shareholder value by returning funds to investors while also managing the capital structure strategically.

How many shares has Stellantis repurchased in total for 2024?

In total, Stellantis has repurchased 72,041,332 common shares as part of its 2024 Share Buyback Program.

What percentage of shares does Stellantis hold in treasury?

As of October 2, 2024, Stellantis holds approximately 3.95% of its total issued share capital in treasury.

What is the long-term goal of Stellantis regarding sustainability?

Stellantis has set a long-term goal to achieve carbon net zero emissions by 2038, aligning its business objectives with environmental sustainability.

Where can I find more information about Stellantis and its strategies?

For further information regarding Stellantis and its strategies, visit their corporate website, which provides comprehensive insights on the company’s initiatives and financial reports.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.