STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported the results of its recently completed common share repurchase program for the period from May 31, 2021 to June 04, 2021. During this timeframe, the company repurchased a total of 338,000 ordinary shares, representing 0.04% of its issued share capital. The shares were purchased at an average price of EUR 30.4312, totaling approximately EUR 10.29 million. Following these transactions, STMicroelectronics now holds 12,119,303 treasury shares, equating to about 1.5% of its issued capital.

Positive

• Completed a repurchase of 338,000 shares, enhancing shareholder value.
• Repurchase program reflects confidence in STM's financial stability and stock performance.

Negative

• None.

PR N°C3007C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 31, 2021 to Jun 04, 2021

AMSTERDAM – Jun 07, 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 May 31, 2021 to Jun 04, 2021 (the “Period”), of 338,000 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 30.4312 and for an overall price of EUR 10,285,752.38.

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)
May 31, 2021	80,788	30.7171	2,481,573.07	XPAR
Jun 01, 2021	47,881	30.8139	1,475,400.35	XPAR
Jun 02, 2021	27,885	30.3586	846,549.56	XPAR
Jun 03, 2021	83,213	30.1440	2,508,372.67	XPAR
Jun 04, 2021	98,233	30.2735	2,973,856.73	XPAR
Total for Period	338,000	30.4312	10,285,752.38

Following the share buybacks detailed above, the Company holds in total 12,119,303 treasury shares, which represents approximately 1.5% 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 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

• C3007C - ST -- Disclosure of transactions in Own Shares PR -- 07 Jun 2021

FAQ

What are the details of STM's recent share repurchase program?

STMicroelectronics repurchased 338,000 shares from May 31, 2021, to June 04, 2021, at an average price of EUR 30.4312, totaling about EUR 10.29 million.

How many total treasury shares does STM hold after the recent buyback?

After the recent buyback, STM holds 12,119,303 treasury shares, representing approximately 1.5% of its issued share capital.

What is the impact of STM's share buyback on its stock price?

The buyback is expected to enhance shareholder value, potentially impacting STM's stock price positively.

When was STM's buyback program approved?

STM's buyback program was approved by a shareholder resolution dated May 31, 2018.