STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed its share repurchase program, covering a period from Nov 8 to Nov 12, 2021. The company repurchased 216,792 shares, representing 0.02% of issued capital, at a total cost of EUR 9,588,403.55. The weighted average purchase price was EUR 44.2286 per share. Currently, STMicroelectronics holds 4,255,029 treasury shares, accounting for approximately 0.5% of its capital. This program aims to enhance shareholder value and reflects the company's commitment to managing its capital effectively.

Positive

• Share buyback enhances shareholder value.
• Repurchase of 216,792 shares signals company confidence.
• Current treasury shares total 4,255,029, indicating effective capital management.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Nov 08, 2021 to Nov 12, 2021

AMSTERDAM – November 15, 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 08, 2021 to Nov 12, 2021 (the “Period”), of 216,792 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 44.2286 and for an overall price of EUR 9,588,403.55.

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)
8-Nov-21	43,277	44.5506	1,928,016.32	XPAR
9-Nov-21	43,580	44.5273	1,940,499.73	XPAR
10-Nov-21	43,496	43.6287	1,897,673.94	XPAR
11-Nov-21	43,530	43.9316	1,912,342.55	XPAR
12-Nov-21	42,909	44.5098	1,909,871.01	XPAR
Total for Period	216,792	44.2286	9,588,403.55

Following the share buybacks detailed above, the Company holds in total 4,255,029 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. 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

• C3051C -- Nov 15 2021 -- Disclosure of transactions in Own Shares_FINAL FOR PUBLICATION

FAQ

What is the purpose of STM's share repurchase program?

The purpose of STM's share repurchase program is to enhance shareholder value and manage capital effectively.

How many shares did STM repurchase between Nov 8 and Nov 12, 2021?

STM repurchased 216,792 shares during the period from Nov 8 to Nov 12, 2021.

What was the total cost of the shares repurchased by STM?

The total cost of the shares repurchased by STM was EUR 9,588,403.55.

What is the weighted average purchase price of STM's repurchased shares?

The weighted average purchase price of STM's repurchased shares was EUR 44.2286.

How many treasury shares does STM currently hold?

STM currently holds 4,255,029 treasury shares, which is approximately 0.5% of its issued share capital.