STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed its common share repurchase program transactions conducted from February 1 to February 5, 2021. During this period, the company repurchased 308,508 ordinary shares, which is approximately 0.03% of its issued share capital, at an average price of EUR 33.8283, totaling EUR 10,436,294.24. Following these transactions, STMicroelectronics holds 7,586,100 treasury shares, representing around 0.8% of its issued share capital. This buyback is aimed at enhancing shareholder value.

Positive

• Repurchased 308,508 shares for EUR 10,436,294.24, enhancing shareholder value.
• Significant buyback reflects confidence in the company's future.
• Total treasury shares increased to 7,586,100, representing 0.8% of issued capital.

Negative

• None.

PR N°C2984C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 01, 2021 to Feb 05, 2021

AMSTERDAM – February 08, 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 February 01, 2021 to February 05, 2021 (the “Period”), of 308,508 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 33.8283 and for an overall price of EUR 10,436,294.24.

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)
Feb 01, 2021	63,381	33.6976	2,135,787.59	XPAR
Feb 02, 2021	57,122	34.0690	1,946,089.42	XPAR
Feb 03, 2021	57,246	34.0829	1,951,109.69	XPAR
Feb 04, 2021	58,416	33.4954	1,956,667.29	XPAR
Feb 05, 2021	72,343	33.8200	2,446,640.26	XPAR
Total for Period	308,508	33.8283	10,436,294.24

Following the share buybacks detailed above, the Company holds in total 7,586,100 treasury shares, which represents approximately 0.8% 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

• C2984C - ST -- Disclosure of transactions in Own Shares PR -- 08 February 2021

FAQ

What was the purpose of STMicroelectronics' share repurchase program?

The share repurchase program aims to enhance shareholder value and reflects confidence in the company's future.

How many shares did STMicroelectronics repurchase in February 2021?

STMicroelectronics repurchased 308,508 ordinary shares between February 1 and February 5, 2021.

What was the total amount spent on share buybacks by STMicroelectronics?

STMicroelectronics spent EUR 10,436,294.24 on share buybacks during the specified period.

What is the average purchase price of STMicroelectronics' repurchased shares?

The average purchase price per share during the buyback was EUR 33.8283.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds a total of 7,586,100 treasury shares.