(CercleFinance.com) – Stellantis announced on Thursday the launch of the second tranche of its share buyback program for 2024, up to a maximum amount of one billion euros.
The car manufacturer recalls that this envelope is part of its share buyback program of a maximum amount of three billion euros, which it unveiled in February.
The group plans to cancel the ordinary shares thus acquired under the program, with the exception of a portion of up to 500 million euros intended for share-based compensation plans offered to its employees.
The second tranche of the program must begin today and end no later than August 30.
To date, Stellantis estimates that it holds nearly 4.3% of its capital in treasury.