STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announced its common share repurchase program, detailing transactions conducted from Dec 20 to Dec 24, 2021. In this period, the company repurchased 22,896 ordinary shares at an average price of EUR 41.0890, totaling EUR 940,773.74. Following these transactions, STMicroelectronics holds 4,828,182 treasury shares, representing about 0.5% of its issued capital. This buyback is expected to enhance shareholder value and signal management's confidence in the company's future.

Positive

• Repurchase of 22,896 shares indicates management's commitment to shareholder value.
• Total shares held in treasury now amount to 4,828,182, reflecting a strategic buyback.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Dec 20, 2021 to Dec 24, 2021

AMSTERDAM – December 22, 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 Dec 20, 2021 to Dec 24, 2021 (the “Period”), of 22,896 ordinary shares (equal to 0.003% of its issued share capital) at the weighted average purchase price per share of EUR 41.0890 and for an overall price of EUR 940,773.74.

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)
20-Dec-21	22,896	41.0890	940,773.74	XPAR
Total for Period	22,896	41.0890	940,773.74

Following the share buybacks detailed above, the Company holds in total 4,828,182 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 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. 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

• C3059C -- Dec 22 2021 -- Disclosure of transactions in Own Shares_FINAL FOR PUBLICATION

FAQ

What is the total amount spent by STM on share repurchases from Dec 20 to Dec 24, 2021?

STM spent a total of EUR 940,773.74 on repurchasing shares during this period.

How many shares did STM repurchase during the recent buyback program?

STM repurchased 22,896 shares in the recent buyback program.

What is the average purchase price per share for STM's buyback in December 2021?

The weighted average purchase price per share for the buyback was EUR 41.0890.

What percentage of STM's issued share capital do the repurchased shares represent?

The repurchased shares represent approximately 0.003% of STM's issued share capital.

How many treasury shares does STM currently hold after the buyback?

After the recent buyback, STM holds a total of 4,828,182 treasury shares.