STMicroelectronics:
STMicroelectronics disclosed details of its common share repurchase program, originally approved on May 31, 2018. During the period from May 17 to May 21, 2021, the company repurchased 505,232 shares, representing 0.06% of its issued share capital. The total expenditure for these transactions was approximately EUR 14.76 million with an average purchase price of EUR 29.2107 per share. These activities aim to enhance shareholder value.
- Successful repurchase of 505,232 shares, equivalent to 0.06% of issued capital.
- Total spending of EUR 14.76 million indicates strong cash flow.
- Share buyback program enhances shareholder value.
- None.
PR N°C3004C
STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from May 17, 2021 to May 21, 2021
AMSTERDAM – May 25, 2021 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between May 17, 2021 to May 21, 2021 (the “Period”), of 505,232 ordinary shares (equal to
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.
Transactions in Period
| Dates of transaction | Number of share purchased | Weighted average purchase price per share (EUR) | Total amount paid (EUR) | Market on which the shares were bought (MIC code) |
| May 17, 2021 | 101,965 | 29.0959 | 2,966,763.44 | XPAR |
| May 18, 2021 | 101,054 | 29.2423 | 2,955,051.38 | XPAR |
| May 19, 2021 | 102,256 | 28.7543 | 2,940,299.70 |
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FAQ
What is STM's share repurchase program status as of May 2021?
As of May 2021, STM repurchased 505,232 shares at an average price of EUR 29.2107.
How many shares did STM buy back from May 17 to May 21, 2021?
STM bought back 505,232 shares during that period.
What was the total amount STM spent on share repurchases in May 2021?
STM spent approximately EUR 14.76 million on share repurchases from May 17 to May 21, 2021.
What percentage of STM's issued share capital was repurchased?
STM repurchased 0.06% of its issued share capital.
What is the average purchase price of STM shares repurchased in May 2021?
The average purchase price was EUR 29.2107 per share.
STMicroelectronics N.V.
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