STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the details of its common share repurchase program conducted from July 11 to July 15, 2022. During this period, the company repurchased a total of 210,462 ordinary shares, representing 0.02% of its issued share capital, for an overall cost of EUR 6,568,407.90 at a weighted average price of EUR 31.2095 per share. Following these transactions, STMicroelectronics now holds 4,217,560 treasury shares, accounting for approximately 0.5% of its issued share capital.

Positive

• Repurchased 210,462 shares, enhancing shareholder value.
• Executed buyback at a weighted average price of EUR 31.2095, showing disciplined capital management.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from July 11, 2022 to July 15, 2022

AMSTERDAM – July 18, 2022 -- 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 July 11, 2022 to July 15, 2022 (the “Period”), of 210,462 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 31.2095 and for an overall price of EUR 6,568,407.90.

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)
11-Jul-22	42,236	30.8342	1,302,313.27	XPAR
12-Jul-22	42,565	30.9220	1,316,194.93	XPAR
13-Jul-22	42,336	31.0429	1,314,232.21	XPAR
14-Jul-22	42,101	31.3137	1,318,338.08	XPAR
15-Jul-22	41,224	31.9554	1,317,329.41	XPAR
Total for Period	210,462	31.2095	6,568,407.90

Following the share buybacks detailed above, the Company holds in total 4,217,560 treasury shares, which represents approximately 0.5% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of Regulation (EU) 596/2014 (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/buyback-program).

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

• C3106C -- 18 Jul 2022 -- Disclosure of transactions in Own Shares PR -- FINAL FOR PUBLICATION

FAQ

What was the total number of shares STMicroelectronics repurchased from July 11 to July 15, 2022?

STMicroelectronics repurchased a total of 210,462 shares during this period.

What was the average purchase price of shares repurchased by STM?

The weighted average purchase price per share was EUR 31.2095.

How much did STMicroelectronics spend on the share buyback program?

The company spent a total of EUR 6,568,407.90 on the share buyback program.

What percentage of STMicroelectronics' issued share capital is held as treasury shares post-buyback?

After the buyback, STMicroelectronics holds approximately 0.5% of its issued share capital as treasury shares.