STMicroelectronics Announces Status of Common Share Repurchase Program

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STMicroelectronics N.V. announces the details of its common share repurchase program. In the period from Oct 23, 2023 to Oct 27, 2023, the company repurchased 258,962 ordinary shares at an average purchase price of EUR 37.3908, for a total price of EUR 9,682,788.97. The purpose of these transactions was to meet obligations arising from share option programs or other allocations of shares to employees or members of the administrative bodies. The company now holds 7,440,557 treasury shares, representing approximately 0.8% of its issued share capital.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 23, 2023 to Oct 27, 2023

AMSTERDAM – October 30, 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 Oct 23, 2023 to Oct 27, 2023 (the “Period”), of 258,962 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 37.3908 and for an overall price of EUR 9,682,788.97.

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)
10/23/2023	57,921	37.5091	2,172,564.58	XPAR
10/24/2023	58,450	37.4893	2,191,249.59	XPAR
10/25/2023	60,510	37.0520	2,242,016.52	XPAR
10/26/2023	13,422	36.2896	487,079.01	XPAR
10/27/2023	68,659	37.7209	2,589,879.27	XPAR
Total for Period	258,962	37.3908	9,682,788.97

Following the share buybacks detailed above, the Company holds in total 7,440,557 treasury shares, which represents approximately 0.8% 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 to become carbon neutral on scope 1 and 2 and partially scope 3 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

• C3211C -- Oct 30 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.

When did the repurchase program take place?

The repurchase program took place from Oct 23, 2023 to Oct 27, 2023.

How many shares were repurchased?

A total of 258,962 ordinary shares were repurchased.

What was the average purchase price per share?

The average purchase price per share was EUR 37.3908.

What was the total price of the repurchased shares?

The total price of the repurchased shares was EUR 9,682,788.97.

What was the purpose of these transactions?

The purpose of these transactions was to meet obligations arising from share option programs or other allocations of shares to employees or members of the administrative bodies.

How many treasury shares does the company now hold?

The company now holds 7,440,557 treasury shares.

What percentage of the company's issued share capital do the treasury shares represent?

The treasury shares represent approximately 0.8% of the company's issued share capital.

Where can I find a full breakdown of the individual trades in the program?

A full breakdown of the individual trades in the program can be found on the ST website.