Stellantis Shines with Weekly Share Buyback Progress Updates
Stellantis Share Buyback Program Overview
AMSTERDAM – Stellantis N.V. (‘Stellantis’ or the ‘Company’) has made headlines as it moves forward with its ambitious Third Tranche of the 2024 Share Buyback Program. Launched earlier this month with a commitment of up to €1 billion to be implemented in the open market until late November 2024, this program is a clear signal of Stellantis' strength and dedication to enhancing shareholder value.
Recent Activity and Transactions
When looking closer at the performance between September 6 and September 12, 2024, Stellantis actively repurchased a total of 16,795,830 shares. The average market purchase price was noted at €13.8195 per share, amounting to a substantial total repurchase volume of €232,109,834 during this period alone. This impressive activity exemplifies Stellantis’ proactive approach to managing its capital structure and boosting investor confidence.
Detailed Insights on Share Repurchases
The table below outlines the share repurchases executed by Stellantis across various trading venues during the specified timeframe:
Share Repurchase Transactions
Across the buyback program from September 6 to September 12, here are the notable transactions:
Date: 06/09/2024 - Shares: 599,900 - Average Price: €14.2149 - Volume: €8,527,525 - Venue: CEUX
Date: 09/09/2024 - Shares: 222,000 - Average Price: €14.0791 - Volume: €3,125,551 - Venue: CEUX
Date: 11/09/2024 - Shares: 825,142 - Average Price: €13.6452 - Volume: €11,259,235 - Venue: CEUX
Holistic View of the Buyback Program
As of September 12, 2024, Stellantis has repurchased a grand total of 47,494,365 common shares at a cumulative cost of €679,003,146. The buyback initiative represents a strategic move to optimize their capital allocation and reaffirm their commitment to returning value to shareholders.
Current Holdings and Market Positioning
Post transactions, Stellantis holds 128,994,539 shares in treasury, which equates to 3.32% of its total issued share capital. This reflects the company’s robust financial health and its readiness to leverage market opportunities as they arise.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) stands as a leader in the automotive sector, driven by innovation and a diverse portfolio of brands including Abarth, Jeep, and Peugeot, amongst others. In line with its strategic plan, Dare Forward 2030, Stellantis is working diligently towards a goal of becoming a carbon net zero mobility technology company by 2038. Their vision emphasizes sustainable growth while prioritizing the needs of their stakeholders.
To learn more about Stellantis and their ongoing initiatives, individuals can visit the company’s official website.
Frequently Asked Questions
What is the purpose of Stellantis' share buyback program?
The share buyback program is designed to enhance shareholder value and strengthen the company's capital structure.
How many shares did Stellantis repurchase between September 6 and September 12, 2024?
During that period, Stellantis repurchased a total of 16,795,830 shares.
What was the average purchase price of shares during the buyback?
The average market purchase price during this buyback period was €13.8195 per share.
What percentage of the total issued share capital does Stellantis hold in treasury?
Stellantis currently holds 3.32% of its total issued share capital as treasury shares.
What is Stellantis' long-term vision?
Stellantis aims to become a carbon net zero mobility tech company by 2038 under its strategic plan, Dare Forward 2030.
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