STMicroelectronics Announces Status of Common Share Repurchase Program  

Rhea-AI Summary

STMicroelectronics has reported on its share repurchase program for the period from July 12 to July 16, 2021. During this time, the company repurchased a total of 255,905 ordinary shares, representing 0.03% of its issued share capital, at a weighted average price of EUR 32.5979, totaling EUR 8,341,964.52. Following this transaction, STMicroelectronics holds 8,486,029 treasury shares, approximately 0.9% of its issued capital. This buyback reflects the company's commitment to enhance shareholder value and demonstrates confidence in its financial health.

Positive

• Repurchased 255,905 shares at a total cost of EUR 8,341,964.52, indicating commitment to shareholder value.
• Increased treasury shares to 8,486,029, equating to 0.9% of issued share capital, reflecting financial strength.

Negative

• None.

PR N°C3019C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jul 12, 2021 to Jul 16, 2021

AMSTERDAM – Jul 19, 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 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 Jul 12, 2021 to Jul 16, 2021 (the “Period”), of 255,905 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 32.5979 and for an overall price of EUR 8,341,964.52.

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)
12-Jul-21	50,317	32.4387	1,632,218.07	XPAR
13-Jul-21	50,449	32.3603	1,632,544.77	XPAR
14-Jul-21	50,237	33.1540	1,665,557.50	XPAR
15-Jul-21	52,432	32.6509	1,711,951.99	XPAR
16-Jul-21	52,470	32.3936	1,699,692.19	XPAR
Total for Period	255,905	32.5979	8,341,964.52

Following the share buybacks detailed above, the Company holds in total 8,486,029 treasury shares, which represents approximately 0.9% 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 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 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 5G technology. 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

• C3019C - ST -- Disclosure of transactions in Own Shares PR -- 19 Jul 2021

FAQ

What was the purpose of STMicroelectronics' share repurchase program announced in July 2021?

The program aims to enhance shareholder value and demonstrate financial strength.

How many shares did STMicroelectronics repurchase between July 12 and July 16, 2021?

STMicroelectronics repurchased a total of 255,905 shares during that period.

What was the total amount spent by STMicroelectronics on its share buyback program from July 12 to July 16, 2021?

The total amount spent on the buyback program was EUR 8,341,964.52.

What is the weighted average purchase price per share for the repurchased shares by STMicroelectronics?

The weighted average purchase price per share was EUR 32.5979.