STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 5 to August 9, 2024. The company repurchased 373,000 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €26.6520 per share, for a total of €9,941,210.60. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 8,947,116 treasury shares, approximately 1.0% of its issued share capital.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 5 agosto al 9 agosto 2024. L'azienda ha riacquistato 373.000 azioni ordinarie, che rappresentano lo 0,04% del suo capitale sociale emesso, a un prezzo medio ponderato di €26,6520 per azione, per un totale di €9.941.210,60. L'obiettivo di queste operazioni è soddisfare gli obblighi derivanti dai programmi di opzioni sulle azioni o da altre attribuzioni di azioni a dipendenti o organi societari. A seguito di questi riacquisti, STMicroelectronics detiene ora 8.947.116 azioni proprie, circa l'1,0% del suo capitale sociale emesso.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones comunes para el período del 5 al 9 de agosto de 2024. La compañía recompró 373,000 acciones ordinarias, que representan el 0.04% de su capital social emitido, a un precio medio ponderado de €26.6520 por acción, con un total de €9.941.210,60. El objetivo de estas transacciones es cumplir con las obligaciones derivadas de los programas de opciones sobre acciones u otras asignaciones de acciones a empleados o cuerpos corporativos. Tras estas recompensas, STMicroelectronics ahora posee 8.947.116 acciones en tesorería, aproximadamente el 1.0% de su capital social emitido.
STMicroelectronics (STM)은 2024년 8월 5일부터 8월 9일까지의 일반 주식 매입 프로그램 현황을 발표했습니다. 회사는 총 373,000주의 보통주를 매입하였으며, 이는 발행된 자본금의 0.04%에 해당하고, 가중 평균 구매가는 주당 €26.6520입니다. 총 매입 금액은 €9,941,210.60입니다. 이러한 거래의 목적은 직원이나 회사 기관에 대한 주식 옵션 프로그램 또는 기타 주식 배정에서 발생하는 의무를 충족하기 위함입니다. 이번 매입 이후 STMicroelectronics는 현재 8,947,116주의 자사주를 보유하고 있으며, 이는 발행된 자본금의 약 1.0%입니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 5 au 9 août 2024. L'entreprise a racheté 373 000 actions ordinaires, représentant 0,04 % de son capital social émis, à un prix d'achat moyen pondéré de 26,6520 € par action, pour un total de 9 941 210,60 €. Le but de ces transactions est de répondre aux obligations découlant des programmes d'options sur actions ou d'autres attributions d'actions aux employés ou aux organes de l'entreprise. À la suite de ces rachats, STMicroelectronics détient désormais 8 947 116 actions propres, soit environ 1,0 % de son capital social émis.
STMicroelectronics (STM) hat den Status seines Aktienrückkauffprogramms für den Zeitraum vom 5. bis 9. August 2024 bekannt gegeben. Das Unternehmen hat 373.000 Stammaktien zurückgekauft, was 0,04% des ausgegebenen Aktienkapitals entspricht, zu einem gewogenen Durchschnittspreis von €26,6520 pro Aktie, insgesamt also €9.941.210,60. Ziel dieser Transaktionen ist es, Verpflichtungen aus Aktienoptionsprogrammen oder anderen Aktienzuteilungen an Mitarbeiter oder Unternehmensgremien zu erfüllen. Nach diesen Rückkäufen hält STMicroelectronics nun 8.947.116 eigene Aktien, was ungefähr 1,0% seines ausgegebenen Aktienkapitals entspricht.
- Repurchased 373,000 shares, demonstrating confidence in the company's value
- Total buyback amount of €9,941,210.60, potentially enhancing shareholder value
- Shares may be used for employee stock options, aligning employee interests with shareholders
- Buyback reduces cash reserves by nearly €10 million
- Treasury shares increased to 1.0% of issued share capital, potentially limiting float
Insights
STMicroelectronics' share repurchase program is a strategic financial move with several implications. The company bought back 373,000 shares (
The repurchase serves dual purposes: meeting obligations for employee share programs and potentially enhancing shareholder value. By reducing the number of outstanding shares, it can boost earnings per share and return on equity metrics. However, investors should note that the impact is relatively small given the
This share repurchase program demonstrates strong corporate governance practices at STMicroelectronics. The program was properly approved by shareholders and the supervisory board, aligning with best practices in corporate decision-making. The company's transparency in disclosing detailed transaction information, including dates, volumes and prices, enhances investor trust and complies with market regulations.
The stated purpose of meeting obligations for employee share programs is a positive aspect for talent retention and alignment of employee interests with company performance. The flexibility to use shares for "any other lawful purpose" under the Market Abuse Regulation provides strategic options but requires ongoing scrutiny to ensure it remains in shareholders' best interests. Overall, this program reflects a balanced approach to capital allocation and stakeholder management.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 05, 2024 to Aug 09, 2024
AMSTERDAM – August 12, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Aug 05, 2024 to Aug 09, 2024 (the “Period”), of 373,000 ordinary shares (equal to
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.
The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.
Transactions in Period
| Dates of transaction | Number of shares purchased | Weighted average purchase price per share (EUR) | Total amount paid (EUR) | Market on which the shares were bought (MIC code) |
| 8/5/2024 | 76,000 | 26.4328 | 2,008,892.80 | XPAR |
| 8/6/2024 | 73,000 | 26.6911 | 1,948,450.30 | XPAR |
| 8/7/2024 | 76,000 | 26.9496 | 2,048,169.60 | XPAR |
| 8/8/2024 | 75,000 | 26.3008 | 1,972,560.00 | XPAR |
| 8/9/2024 | 73,000 | 26.8923 | 1,963,137.90 | XPAR |
| Total for Period | 373,000 | 26.6520 | 9,941,210.60 |
Following the share buybacks detailed above, the Company holds in total 8,947,116 treasury shares, which represents approximately
In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).
About STMicroelectronics
At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 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 cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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
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FAQ
How many shares did STMicroelectronics (STM) repurchase from August 5 to August 9, 2024?
What was the average purchase price per share for STM's buyback in August 2024?
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What percentage of STM's issued share capital does the August 2024 buyback represent?
How many treasury shares does STM hold after the August 2024 buyback?
