STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 12 to August 16, 2024. The company repurchased 365,500 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €27.1513 per share. The total cost of the buyback was €9,923,788.50. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,312,616 treasury shares, approximately 1.0% of its issued share capital.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 12 al 16 agosto 2024. L'azienda ha riacquistato 365.500 azioni ordinarie, pari allo 0,04% del suo capitale sociale emesso, a un prezzo medio ponderato di acquisto di €27,1513 per azione. Il costo totale del riacquisto è stato di €9.923.788,50. Lo scopo di queste operazioni è soddisfare gli obblighi derivanti dai programmi di opzioni sulle azioni o da altre allocazioni di azioni ai dipendenti o agli organi aziendali. A seguito di questi riacquisti, STMicroelectronics detiene ora 9.312.616 azioni proprie, circa l'1,0% del suo capitale sociale emesso.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones ordinarias para el período del 12 al 16 de agosto de 2024. La empresa ha recomprado 365,500 acciones ordinarias, que representan el 0.04% de su capital social emitido, a un precio medio ponderado de compra de €27.1513 por acción. El costo total de la recompra fue de €9,923,788.50. El propósito de estas transacciones es cumplir con las obligaciones derivadas de los programas de opciones sobre acciones u otras asignaciones de acciones a empleados o órganos de la compañía. Después de estas recompras, STMicroelectronics ahora posee 9,312,616 acciones en tesorería, aproximadamente el 1.0% de su capital social emitido.
STMicroelectronics (STM)은 2024년 8월 12일부터 8월 16일까지의 보통주 매입 프로그램 상태를 발표했습니다. 회사는 365,500주의 보통주를 재매입했으며, 이는 발행된 자본금의 0.04%에 해당하며, 주당 평균 매입가가 €27.1513였습니다. 총 매입 비용은 €9,923,788.50입니다. 이러한 거래의 목적은 직원이나 회사 기구에 대한 주식 옵션 프로그램 또는 기타 주식 할당에서 발생하는 의무를 충족하기 위해서입니다. 이러한 매입 후, STMicroelectronics는 지금 9,312,616주의 자사주를 보유하고 있으며, 이는 발행된 자본금의 약 1.0%에 해당합니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 12 au 16 août 2024. La société a racheté 365.500 actions ordinaires, représentant 0,04 % de son capital social émis, à un prix moyen pondéré d'achat de 27,1513 € par action. Le coût total du rachat s'élevait à 9.923.788,50 €. Le but de ces transactions est de répondre aux obligations découlant des programmes d'options d'achat d'actions ou d'autres allocations d'actions aux employés ou aux organes de l'entreprise. Suite à ces rachats, STMicroelectronics détient désormais 9.312.616 actions propres, soit environ 1,0 % de son capital social émis.
STMicroelectronics (STM) hat den Status seines Rückkaufprogramms für Stammaktien für den Zeitraum vom 12. bis 16. August 2024 bekannt gegeben. Das Unternehmen hat 365.500 Stammaktien zurückgekauft, was 0,04 % seines ausgegebenen Kapitals entspricht, zu einem gewichteten Durchschnittspreis von €27,1513 pro Aktie. Die Gesamtkosten der Rückkäufe betrugen €9.923.788,50. Zweck dieser Transaktionen ist es, Verpflichtungen aus Aktienoptionsprogrammen oder anderen Aktienzuteilungen an Mitarbeiter oder Organe des Unternehmens zu erfüllen. Nach diesen Rückkäufen hält STMicroelectronics nun 9.312.616 eigene Aktien, was etwa 1,0 % seines ausgegebenen Kapitals entspricht.
- Repurchased 365,500 shares, potentially increasing shareholder value
- Share buyback program demonstrates confidence in company's financial position
- Buyback supports employee share option programs, potentially improving talent retention
- Expenditure of €9,923,788.50 on share buybacks may reduce available cash for other investments
Insights
STMicroelectronics' share repurchase program is a strategic move that could potentially benefit shareholders. The company bought back 365,500 shares (
The repurchase serves dual purposes: meeting obligations for employee share programs and potentially enhancing shareholder value. With 1.0% of issued share capital now held as treasury shares, STMicroelectronics has increased its flexibility for future corporate actions. However, investors should note that while buybacks can boost earnings per share, they don't directly improve the company's fundamental performance or cash flow generation.
The timing and execution of STMicroelectronics' share repurchase program are noteworthy. The company acquired shares at an average price of
Interestingly, the daily purchase volumes remained fairly consistent throughout the week, ranging from 70,000 to 75,000 shares. This steady approach minimizes market impact and demonstrates a disciplined execution of the buyback program. The transparency in reporting these transactions, including detailed breakdowns, enhances investor trust and aligns with best practices in corporate governance.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 12, 2024 to Aug 16, 2024
AMSTERDAM – August 19, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Aug 12, 2024 to Aug 16, 2024 (the “Period”), of 365,500 ordinary shares (equal to
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 STMicroelectronics (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) |
| 8/12/2024 | 75,000 | 26.9168 | 2,018,760.00 | XPAR |
| 8/13/2024 | 73,500 | 26.7306 | 1,964,699.10 | XPAR |
| 8/14/2024 | 73,000 | 27.1234 | 1,980,008.20 | XPAR |
| 8/15/2024 | 74,000 | 27.1218 | 2,007,013.20 | XPAR |
| 8/16/2024 | 70,000 | 27.9044 | 1,953,308.00 | XPAR |
| Total for Period | 365,500 | 27.1513 | 9,923,788.50 |
Following the share buybacks detailed above, the Company holds in total 9,312,616 treasury shares, which represents approximately
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 over 50,000 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 cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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
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FAQ
How many shares did STMicroelectronics (STM) repurchase from August 12 to 16, 2024?
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What is the total value of STMicroelectronics' (STM) share repurchases from August 12-16, 2024?
What percentage of STM's issued share capital does the August 2024 buyback represent?
How many treasury shares does STMicroelectronics (STM) hold after the August 2024 buyback?
