STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported the execution of its common share repurchase program, disclosing the purchase of 215,551 ordinary shares from November 1 to November 5, 2021. The total amount spent on these shares was €9,127,607.49, with a weighted average price of €42.3455 per share. Following these repurchases, the company holds a total of 4,038,237 treasury shares, accounting for approximately 0.4% of its issued share capital. This program aims to enhance shareholder value and reflects the company's ongoing commitment to returning capital to its investors.

Positive

• The repurchase of 215,551 shares enhances shareholder value.
• Total expenditure of €9,127,607.49 indicates confidence in stock performance.
• Overall share buyback program demonstrates a commitment to returning value to shareholders.

Negative

• None.

PR N°C3050C

STMicroelectronics Announces Status of Common Share Repurchase Program

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

AMSTERDAM – November 8, 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 Nov 01, 2021 to Nov 05, 2021 (the “Period”), of 215,551 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 42.3455 and for an overall price of EUR 9,127,607.49.

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)
25-Oct-21	43,295	41.2138	1,784,351.47	XPAR
26-Oct-21	42,946	41.4427	1,779,798.19	XPAR
27-Oct-21	42,923	42.1094	1,807,461.78	XPAR
28-Oct-21	42,908	43.0495	1,847,167.95	XPAR
29-Oct-21	43,479	43.9023	1,908,828.10	XPAR
Total for Period	215,551	42.3455	9,127,607.49

Following the share buybacks detailed above, the Company holds in total 4,038,237 treasury shares, which represents approximately 0.4% 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

• C3050C - ST -- Disclosure of transactions in Own Shares PR -- 08 Nov 2021

FAQ

What is the total number of shares repurchased by STMicroelectronics from November 1 to November 5, 2021?

STMicroelectronics repurchased a total of 215,551 ordinary shares during this period.

What was the average purchase price per share in STMicroelectronics' recent buyback?

The weighted average purchase price per share was €42.3455.

How much did STMicroelectronics spend on its share repurchase program from November 1 to November 5, 2021?

The company spent €9,127,607.49 on the share repurchase program during this period.

What percentage of issued share capital does STMicroelectronics hold in treasury shares after the buyback?

After the buyback, STMicroelectronics holds approximately 0.4% of its issued share capital in treasury shares.