STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announces the completion of its share repurchase program, acquiring 335,700 shares from April 26 to April 30, 2021. The total expenditure was approximately EUR 10.86 million, with a weighted average purchase price of EUR 32.34 per share. This buyback represents 0.04% of the company's issued share capital, increasing its treasury shares to 11,292,024, equivalent to around 1.2% of total issued shares. The program aims to enhance shareholder value.

Positive

• Repurchased 335,700 shares at EUR 10.86 million, enhancing shareholder value.
• Increased treasury shares to 11,292,024, or 1.2% of issued capital.

Negative

• None.

  

PR N°C2999C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Apr 26, 2021 to Apr 30, 2021

AMSTERDAM – May 03, 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 April 26, 2021 to April 30, 2021 (the “Period”), of 335,700 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 32.3408 and for an overall price of EUR 10,856,811.72.

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)
Apr 26, 2021	84,694	32.2814	2,734,040.89	XPAR
Apr 27, 2021	61,630	32.7907	2,020,890.84	XPAR
Apr 28 2021	59,487	32.3326	1,923,369.38	XPAR
Apr 29, 2021	69,607	32.5992	2,269,132.51	XPAR
Apr 30, 2021	60,282	31.6741	1,909,378.10	XPAR
Total for Period	335,700	32.3408	10,856,811.72

Following the share buybacks detailed above, the Company holds in total 11,292,024 treasury shares, which represents approximately 1.2% 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

• C2999C - ST -- Disclosure of transactions in Own Shares PR -- 03 May 2021

FAQ

What is the STM share repurchase program status as of May 2021?

STMicroelectronics repurchased 335,700 shares from April 26 to April 30, 2021, for EUR 10.86 million.

How much did STM spend on its share buyback program in April 2021?

The company spent approximately EUR 10.86 million on the buyback program.

What was the average purchase price per share for STM's buyback?

The weighted average purchase price during the buyback was EUR 32.34 per share.

How many treasury shares does STM hold after the buyback?

After the buyback, STMicroelectronics holds a total of 11,292,024 treasury shares.

What percentage of total issued shares is represented by STM's treasury shares?

The treasury shares represent approximately 1.2% of STMicroelectronics' issued share capital.