STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced its share repurchase program status, revealing the acquisition of 249,929 shares from May 2 to May 6, 2022, amounting to EUR 8,821,510.73 at an average price of EUR 35.2961 per share. This buyback represents 0.03% of its issued share capital. Following these transactions, the company now holds 7,793,220 treasury shares, which is approximately 0.9% of the capital. This buyback initiative aims to enhance shareholder value.

Positive

• Share repurchase of 249,929 shares at EUR 35.2961 each.
• Total expenditure of EUR 8,821,510.73 demonstrates commitment to shareholder value.
• Increased treasury shares to 7,793,220, enhancing stock stability.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 02, 2022 to May 06, 2022

AMSTERDAM – May 9, 2022 -- 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 May 02, 2022 to May 06, 2022 (the “Period”), of 249,929 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 35.2961 and for an overall price of EUR 8,821,510.73.

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)
02-May-22	50,292	34.7475	1,747,521.27	XPAR
03-May-22	50,576	35.5795	1,799,468.79	XPAR
04-May-22	50,891	35.6753	1,815,551.69	XPAR
05-May-22	49,500	35.8538	1,774,763.10	XPAR
06-May-22	48,670	34.6046	1,684,205.88	XPAR
Total for Period	249,929	35.2961	8,821,510.73

Following the share buybacks detailed above, the Company holds in total 7,793,220 treasury shares, which represents approximately 0.9% 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 48,000 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 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 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

• C3088C -- May 9 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What was the total amount spent by STM on share buybacks in May 2022?

STMicroelectronics spent a total of EUR 8,821,510.73 on share buybacks from May 2 to May 6, 2022.

How many shares did STM repurchase during the specified period?

The company repurchased 249,929 ordinary shares during this period.

What is the weighted average purchase price of STM shares in the buyback program?

The weighted average purchase price per share was EUR 35.2961.

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

The repurchased shares represent 0.03% of STM's issued share capital.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds a total of 7,793,220 treasury shares, approximately 0.9% of its issued share capital.