HomePress ReleaseInfineon to complete limited Share Buyback Program serving fulfillment of obligations under...

Infineon to complete limited Share Buyback Program serving fulfillment of obligations under existing employee participation programs

Infineon Technologies AG has successfully completed its Share Buyback Program 2024, announced on 26 February 2024 in accordance with Article 5(1)(a) of Regulation (EU) No 596/2014 and Article 2(1) of Delegated Regulation (EU) No 2016/1052. As part of the Share Buyback Program 2024, a total of 7,000,000 shares (ISIN DE0006231004) were acquired. The total purchase price of the repurchased shares was € 232,872,668. The average purchase price paid per share was € 33.27.

Alexander Foltin, Head of Finance, Treasury and Investor Relations of Infineon

The buyback was carried out on behalf of Infineon by an independent credit institution via Xetra trading on the Frankfurt Stock Exchange, serving the sole purpose of allocating shares to employees of the company or affiliated companies, members of the Management Board of the company as well as members of the management board and the board of directors of affiliated companies as part of the existing employee participation programs.

ELE Times Report
ELE Times Reporthttps://www.eletimes.ai/
ELE Times provides extensive global coverage of Electronics, Technology and the Market. In addition to providing in-depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build experience, drive traffic, communicate your contributions to the right audience, generate leads and market your products favourably.

Related News

Must Read

STMicroelectronics Introduces Sustainable 6-Axis Motion Sensors for Smart Devices, Drones

STMicroelectronics has highlighted its latest miniature 6-axis motion sensors...

Nuvoton Introduces NSP2340BA24E Smart Buzzer, Redefining the Buzzer Sound Experience

Nuvoton Technology introduces the NSP2340BA24E Smart Buzzer, integrating voice...

HARTING Joins NVIDIA MGX Ecosystem to Power Next-Generation AI Infrastructure

HARTING Technology Group, a leading global provider of industrial...

onsemi Unveils Advanced Semiconductor Packaging to Improve EV Inverter Efficiency

​Semiconductor manufacturer onsemi, specialised in silicon carbide (SiC) power...

RWTH Aachen Develops Scalable Manufacturing Technology for Multilayer EV Battery Electrodes

​Multilayer electrodes combine different electrode layers with varying material...

Keysight Introduces Velocity 4900 Series to Accelerate Test Lab Modernization for AI and 6G

Keysight Technologies, today announced the Keysight Velocity 4900 Series,...