STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the execution of its common share repurchase program from January 16 to January 20, 2023. During this period, the company repurchased 164,178 ordinary shares, equivalent to 0.02% of its issued share capital, at a weighted average price of EUR 38.4685, amounting to EUR 6,315,689.05 in total. The repurchase aims to fulfill obligations from share option programs for employees and management bodies. Following these transactions, STMicroelectronics retains 7,951,683 treasury shares, representing approximately 0.9% of its issued share capital. The company continues to prioritize shareholder value through strategic buybacks.

Positive

• Repurchased 164,178 shares, enhancing shareholder value.
• Total buyback amount of EUR 6,315,689.05 demonstrates strong financial positioning.
• Retained 7,951,683 treasury shares for future use, approximately 0.9% of issued capital.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 16, 2023 to Jan 20, 2023

AMSTERDAM – January 23, 2023 -- 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 July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 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 Jan 16, 2023 to Jan 20, 2023 (the “Period”), of 164,178 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 38.4685 and for an overall price of EUR 6,315,689.05.

The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.

The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.

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 shares purchased	Weighted average purchase price per share (EUR)	Total amount paid (EUR)	Market on which the shares were bought (MIC code)
16-Jan-23	33,473	37.7270	1,262,835.87	XPAR
17-Jan-23	32,749	38.5720	1,263,194.43	XPAR
18-Jan-23	32,056	39.4017	1,263,060.90	XPAR
19-Jan-23	32,649	38.7457	1,265,008.36	XPAR
20-Jan-23	33,251	37.9414	1,261,589.49	XPAR
Total for Period	164,178	38.4685	6,315,689.05

Following the share buybacks detailed above, the Company holds in total 7,951,683 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of the Market Abuse Regulation and Article 2(3) of Commission Delegated Regulation (EU) 2016/1052, a full breakdown of the individual trades in the Program are disclosed on the ST website (https://investors.st.com/stock-and-bond-information/share-buyback).

About STMicroelectronics
At ST, we are 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. ST is committed to becoming carbon neutral by 2027. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41.22.929.58.12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com

Attachment

• C3153C -- Jan 23 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What was the total amount STMicroelectronics spent on share repurchases from January 16 to January 20, 2023?

STMicroelectronics spent EUR 6,315,689.05 on share repurchases during the period.

How many shares did STMicroelectronics repurchase in January 2023?

STMicroelectronics repurchased a total of 164,178 ordinary shares between January 16 and January 20, 2023.

What is the purpose of STMicroelectronics' share repurchase program?

The share repurchase program is designed to fulfill obligations from share option programs for employees and management.

How many treasury shares does STMicroelectronics hold after the recent repurchase?

After the recent repurchase, STMicroelectronics holds a total of 7,951,683 treasury shares.