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Stellantis Announces Share Buyback Progress in 2024
AMSTERDAM, August 16, 2024 – Stellantis N.V. (NYSE: STLA) has made significant strides under its Third Tranche of the 2024 Share Buyback Program, initiating a buyback of up to €1 billion in shares set to occur between August 1 and November 29, 2024. The company reported its latest repurchases conducted from August 9 to August 15, 2024.
| Date | Number of Shares Repurchased | Average Market Purchase Price in € per share | Repurchased Volume in € (excluding fees) | Venues |
|---|---|---|---|---|
| 09/08/2024 | 300,000 | €14.1405 | €4,242,153 | CEUX |
| 09/08/2024 | 1,030,000 | €14.1530 | €14,577,609 | MILE |
| 12/08/2024 | 200,000 | €14.0274 | €2,805,486 | CEUX |
| 12/08/2024 | 1,225,000 | €14.0534 | €17,215,438 | MILE |
| 13/08/2024 | 300,000 | €13.8250 | €4,147,509 | CEUX |
| 13/08/2024 | 1,211,571 | €13.8258 | €16,750,920 | MILE |
| 14/08/2024 | 502,000 | €14.1253 | €7,090,906 | MILE |
| 15/08/2024 | 86,082 | €14.3139 | €1,232,172 | CEUX |
| 15/08/2024 | 363,077 | €14.3150 | €5,197,451 | XPAR |
| 15/08/2024 | 13,549 | €14.3617 | €194,587 | TQEX |
Total
The total number of shares repurchased during this period amounts to 5,231,279, with an average market purchase price of €14.0414, resulting in a total investment of €73,454,230.
From the initiation of the program on August 1, 2024, through August 15, 2024, Stellantis has repurchased a cumulative total of 12,319,188 common shares, representing a total expenditure of €176,077,768.
As of August 15, 2024, the company retained 93,819,362 common shares in treasury, which accounts for approximately 2.41% of its total issued share capital, including both common shares and special voting shares.
Investors seeking further details on the transactions executed under the buyback program can find a comprehensive overview on Stellantis’ corporate website, specifically in the Share Buyback Program Section at www.stellantis.com/en/investors/stock-and-shareholder-info/share-buyback-program.
About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) ranks among the foremost automotive manufacturers globally, with an ambition to deliver sustainable, safe, and economical mobility solutions to a diverse customer base. The company boasts an extensive portfolio of esteemed brands, including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move, and Leasys. Stellantis is committed to its Dare Forward 2030 strategic roadmap, aiming to achieve net-zero carbon emissions in mobility by 2038. The plan incorporates limited emissions offsets while enhancing stakeholder value. To learn more, visit www.stellantis.com.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements pertaining to anticipated future events and performance indicators. Terms such as may, will, expect, could, intend, estimate, and anticipate indicate these projections. However, such forecasts are not guaranteed. The company’s outlook is predicated on current knowledge and expectations, all of which are susceptible to risks and uncertainties that could hinder actual results.
Factors affecting actual results may include Stellantis’ product development success, fluctuations in global markets, competitive dynamics, technological advancements in electrification, regulatory changes, and various operational risks. Incidents such as IT disruptions or national economic instability may further influence outcomes.
Stellantis expressly disclaims any obligation to update forward-looking statements. Detailed information on the potential risks and uncertainties can be found within Stellantis’ filings with the U.S. Securities and Exchange Commission.
This report is intended for informational purposes and should not be seen as investment advice.
Source
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