STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced its share repurchase program, disclosing the acquisition of 489,700 ordinary shares from May 3 to May 7, 2021. The total cost for this buyback was EUR 14,968,847.31, with an average purchase price of EUR 30.5674 per share. This buyback represents 0.05% of the total issued share capital, leading to a total of 11,727,680 treasury shares, or approximately 1.3% of issued capital. The program aims to enhance shareholder value.

Positive

• Share buyback of 489,700 shares enhances shareholder value.
• Total treasury shares now represent approximately 1.3% of issued capital.

Negative

• None.

PR N°C3001C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 03, 2021 to May 07, 2021

AMSTERDAM – May 10, 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 May 03, 2021 to May 07, 2021 (the “Period”), of 489,700 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 30.5674 and for an overall price of EUR 14,968,847.31.

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)
May 03, 2021	96,079	31.1684	2,994,628.70	XPAR
May 04, 2021	98,678	30.3147	2,991,393.97	XPAR
May 05, 2021	97,946	30.6152	2,998,636.38	XPAR
May 06, 2021	99,558	30.1106	2,997,751.11	XPAR
May 07, 2021	97,439	30.6493	2,986,437.14	XPAR
Total for Period	489,700	30.5674	14,968,847.31

Following the share buybacks detailed above, the Company holds in total 11,727,680 treasury shares, which represents approximately 1.3% 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

• C3001C- ST -- Disclosure of transactions in Own Shares PR -- 10 May 2021

FAQ

What were the details of STM's recent share repurchase program?

STMicroelectronics repurchased 489,700 shares for EUR 14,968,847.31 at an average price of EUR 30.5674 per share from May 3 to May 7, 2021.

How much of its issued capital does STM currently hold in treasury shares?

STMicroelectronics currently holds approximately 1.3% of its issued capital in treasury shares.

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

The share buyback program aims to enhance shareholder value.

How many shares did STM buy back during the specified period?

During the specified period, STM bought back 489,700 ordinary shares.