Overview of Stellantis' Share Buyback Program
AMSTERDAM – Stellantis N.V. (‘Stellantis’ or the ‘Company’) is making waves with the launch of the Third Tranche of the 2024 Share Buyback Program. Announced earlier this month, the program involves a commitment of up to €1 billion, which will be executed in the open market until late November 2024. This move clearly reflects Stellantis' strength and its commitment to increasing shareholder value.
Recent Share Activity and Transactions
Diving deeper into the activity from September 6 to September 12, 2024, Stellantis repurchased a total of 16,795,830 shares. The average purchase price for these shares was €13.8195 each, leading to a significant total repurchase amounting to €232,109,834 within this brief timeframe. Such robust activity showcases Stellantis’ proactive stance on managing its capital and boosting investor confidence.
Insights Into Share Repurchases
The following table details the shares bought back by Stellantis in different trading venues during the specified period:
Share Repurchase Transactions
In the buyback program from September 6 to September 12, here are the key 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
Comprehensive Look at the Buyback Program
As of September 12, 2024, Stellantis has successfully repurchased a total of 47,494,365 common shares for a cumulative cost of €679,003,146. This buyback strategy is part of a broader plan to optimize capital allocation, reinforcing their dedication to returning value to shareholders.
Current Holdings and Market Position
After these transactions, Stellantis now holds 128,994,539 shares in treasury, which represents 3.32% of its total issued share capital. This not only speaks to the company’s solid financial condition but also indicates its readiness to seize market opportunities as they arise.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is a frontrunner in the automotive industry, powered by innovation and a varied brand portfolio that includes Abarth, Jeep, and Peugeot, among others. Under its strategic initiative, Dare Forward 2030, Stellantis is dedicated to achieving carbon net zero mobility by 2038. Their vision centers on sustainable growth while keeping stakeholder needs at the forefront.
For more information about Stellantis and their ongoing projects, you can visit the company’s official website.
Frequently Asked Questions
What is the purpose of Stellantis' share buyback program?
The share buyback program aims to enhance shareholder value and strengthen the company’s capital structure.
How many shares did Stellantis repurchase between September 6 and September 12, 2024?
Stellantis repurchased a total of 16,795,830 shares during that timeframe.
What was the average purchase price of shares in 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?
Under its strategic plan, Dare Forward 2030, Stellantis aims to be a carbon net zero mobility technology company by 2038.
