STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics N.V. (STM) announces the details of its common share repurchase program, revealing the repurchase of 80,751 ordinary shares at a weighted average purchase price of EUR 45.1609, totaling EUR 3,646,786.52. The purpose of the transactions was to meet obligations arising from share option programs or other allocations of shares to employees or members of the administrative, management, or supervisory bodies.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jul 10, 2023 to Jul 14, 2023

AMSTERDAM – July 17, 2023 -- 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) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jul 10, 2023 to Jul 14, 2023 (the “Period”), of 80,751 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 45.1609 and for an overall price of EUR 3,646,786.52.

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)
10-Jul-23	25,000	43.7647	1,094,117.50	XPAR
11-Jul-23	30,000	44.5126	1,335,378.00	XPAR
13-Jul-23	6,093	47.0648	286,765.83	XPAR
14-Jul-23	19,658	47.3357	930,525.19	XPAR
Total for Period	80,751	45.1609	3,646,786.52

Following the share buybacks detailed above, the Company holds in total 6,049,136 treasury shares, which represents approximately 0.7% of the Company’s issued share capital.

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 the Internet of Things and connectivity. We are committed to achieving our goal of 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

• C3191C -- July 17 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What did STMicroelectronics announce?

STMicroelectronics announced the details of its common share repurchase program, including the repurchase of 80,751 ordinary shares.

What was the weighted average purchase price per share?

The weighted average purchase price per share was EUR 45.1609.

What was the total amount paid for the repurchased shares?

The total amount paid was EUR 3,646,786.52.

Where can the full breakdown of the individual trades in the program be found?

The full breakdown of the individual trades in the program can be found on the ST website: https://investors.st.com/stock-and-bond-information/share-buyback.