STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has announced the completion of share repurchases between Oct 21-25, 2024, acquiring 317,000 ordinary shares (0.03% of issued share capital) at a weighted average price of EUR 25.8060 per share, totaling EUR 8,180,516.60. The buyback program, approved by shareholders on May 22, 2024, aims to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,153,614 treasury shares, representing approximately 1.2% of its issued share capital.
STMicroelectronics ha annunciato il completamento del riacquisto di azioni tra il 21 e il 25 ottobre 2024, acquisendo 317.000 azioni ordinarie (0,03% del capitale sociale emesso) a un prezzo medio ponderato di EUR 25,8060 per azione, per un totale di EUR 8.180.516,60. Il programma di riacquisto, approvato dagli azionisti il 22 maggio 2024, ha lo scopo di soddisfare le obbligazioni derivanti da programmi di opzioni su azioni e assegnazioni ai dipendenti. Dopo queste transazioni, STMicroelectronics detiene 11.153.614 azioni proprie, che rappresentano circa l'1,2% del suo capitale sociale emesso.
STMicroelectronics ha anunciado la finalización de la recompra de acciones entre el 21 y el 25 de octubre de 2024, adquiriendo 317.000 acciones ordinarias (0,03% del capital social emitido) a un precio medio ponderado de EUR 25,8060 por acción, sumando un total de EUR 8.180.516,60. El programa de recompra, aprobado por los accionistas el 22 de mayo de 2024, tiene como objetivo cumplir con las obligaciones de los programas de opciones sobre acciones y asignaciones a empleados. Tras estas transacciones, STMicroelectronics posee 11.153.614 acciones en tesorería, lo que representa aproximadamente el 1,2% de su capital social emitido.
STMicroelectronics는 2024년 10월 21일부터 25일 사이에 주식 재매입이 완료되었음을 발표했습니다. 이 기간 동안 317,000주 보통주 (발행 주식 자본의 0.03%)를 EUR 25.8060의 가중 평균 가격으로 매입하여 총 EUR 8,180,516.60에 달합니다. 2024년 5월 22일에 주주들에 의해 승인된 재매입 프로그램은 주식 옵션 프로그램 및 직원 할당의 의무를 충족하기 위해 고안되었습니다. 이러한 거래 이후, STMicroelectronics는 11,153,614주 자사주식을 보유하고 있으며, 이는 발행된 자본금의 약 1.2%에 해당합니다.
STMicroelectronics a annoncé l'achèvement des rachats d'actions entre le 21 et le 25 octobre 2024, ayant acquis 317.000 actions ordinaires (0,03 % du capital social émis) à un prix moyen pondéré de EUR 25,8060 par action, totalisant EUR 8.180.516,60. Le programme de rachat, approuvé par les actionnaires le 22 mai 2024, vise à répondre aux obligations liées aux programmes d'options sur actions et aux attributions aux employés. Suite à ces transactions, STMicroelectronics détient 11.153.614 actions propres, représentant environ 1,2 % de son capital social émis.
STMicroelectronics hat den Abschluss von Aktienrückkäufen zwischen dem 21. und 25. Oktober 2024 bekannt gegeben, wobei 317.000 Stammaktien (0,03 % des ausgegebenen Aktienkapitals) zu einem gewogenen Durchschnittspreis von EUR 25,8060 pro Aktie erworben wurden, was einen Gesamtbetrag von EUR 8.180.516,60 ergibt. Das Rückkaufprogramm, das am 22. Mai 2024 von den Aktionären genehmigt wurde, zielt darauf ab, Verpflichtungen aus Aktienoptionsprogrammen und Mitarbeiterzuweisungen zu erfüllen. Nach diesen Transaktionen hält STMicroelectronics 11.153.614 eigene Aktien, was etwa 1,2 % des ausgegebenen Aktienkapitals entspricht.
- Implementing share buyback program to support employee stock options and share allocations
- Company holds strong treasury position with 1.2% of issued share capital
- Demonstrates financial capacity to execute share repurchases
- Significant cash outflow of EUR 8.18 million for share repurchases
Insights
The share repurchase program showcases STMicroelectronics' strategic capital allocation, with the company buying back
The buyback serves dual purposes: fulfilling employee stock options and maintaining flexibility for other corporate needs. The average purchase price suggests management views the stock as undervalued at current levels. This program demonstrates strong cash position and commitment to shareholder value, while retaining flexibility to invest in growth initiatives.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Oct 21, 2024 to Oct 25, 2024
AMSTERDAM – October 28, 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 Oct 21, 2024 to Oct 25, 2024 (the “Period”), of 317,000 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) |
| 21-Oct-24 | 82,000 | 25.4697 | 2,088,515.40 | XPAR |
| 22-Oct-24 | 73,000 | 25.4669 | 1,859,083.70 | XPAR |
| 23-Oct-24 | 60,000 | 26.1471 | 1,568,826.00 | XPAR |
| 24-Oct-24 | 45,000 | 26.1794 | 1,178,073.00 | XPAR |
| 25-Oct-24 | 57,000 | 26.0705 | 1,486,018.50 | XPAR |
| Total for Period | 317,000 | 25.8060 | 8,180,516.60 |
Following the share buybacks detailed above, the Company holds in total 11,153,614 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
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