(Alliance News) - Stellantis NV announced Thursday that it has completed the first tranche of the 2024 ordinary share buyback program announced on Feb. 28, for up to EUR1 billion to be executed on the open market during the period from Feb. 28 to June 5.

From February 28 to April 29, the company bought back a total of 41.1 million ordinary shares for a total consideration of EUR1 billion.

Between April 26 and 29, the company says, Stellantis bought back 4.1 million shares at an average price of EUR23.1654 for a total of EUR97.9 million.

Stellantis' stock trades in the red by 3.7 percent at EUR20.11 per share.

By Chiara Bruschi, Alliance News reporter

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