STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics announced share repurchases conducted between Nov 25-29, 2024, as part of its buyback program approved in May 2024. The company repurchased 88,200 ordinary shares (0.01% of issued share capital) at a weighted average price of EUR 24.0746 per share, totaling EUR 2,123,379.72. The purpose is to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 13,133,241 treasury shares, representing approximately 1.4% of its issued share capital.
STMicroelectronics ha annunciato il riacquisto di azioni effettuato tra il 25 e il 29 novembre 2024, nell'ambito del suo programma di riacquisto approvato a maggio 2024. L'azienda ha riacquistato 88.200 azioni ordinarie (0,01% del capitale sociale emesso) a un prezzo medio ponderato di 24,0746 EUR per azione, per un totale di 2.123.379,72 EUR. L'obiettivo è quello di soddisfare gli obblighi derivanti dai programmi di opzioni sulle azioni e dalle allocazioni ai dipendenti. A seguito di queste operazioni, STMicroelectronics detiene 13.133.241 azioni proprie, che rappresentano circa l'1,4% del suo capitale sociale emesso.
STMicroelectronics anunció la recompra de acciones realizada entre el 25 y el 29 de noviembre de 2024, como parte de su programa de recompra aprobado en mayo de 2024. La compañía recompró 88,200 acciones ordinarias (0.01% del capital social emitido) a un precio medio ponderado de 24.0746 EUR por acción, totalizando 2,123,379.72 EUR. El propósito es cumplir con las obligaciones de los programas de opciones sobre acciones y las asignaciones a empleados. Tras estas transacciones, STMicroelectronics posee 13,133,241 acciones en tesorería, representando aproximadamente el 1.4% de su capital social emitido.
STMicroelectronics는 2024년 5월에 승인된 자사주 매입 프로그램의 일환으로 2024년 11월 25일부터 29일 사이에 실시된 주식 매입을 발표했습니다. 이 회사는 88,200주의 보통주를 재매입했습니다 (발행된 자본금의 0.01%) 및 주당 24.0746 유로의 가중 평균 가격으로, 총 2,123,379.72 유로에 달합니다. 이 목적은 주식 옵션 프로그램 및 직원 할당에 대한 의무를 충족하기 위함입니다. 이러한 거래 이후 STMicroelectronics는 13,133,241주의 자사주를 보유하고 있으며, 이는 발행된 자본금의 약 1.4%에 해당합니다.
STMicroelectronics a annoncé des rachats d'actions effectués entre le 25 et le 29 novembre 2024, dans le cadre de son programme de rachat approuvé en mai 2024. La société a racheté 88 200 actions ordinaires (0,01 % du capital social émis) à un prix moyen pondéré de 24,0746 EUR par action, totalisant 2 123 379,72 EUR. L'objectif est de répondre aux obligations des programmes d'options sur actions et des allocations aux employés. Suite à ces transactions, STMicroelectronics détient 13 133 241 actions propres, représentant environ 1,4 % de son capital social émis.
STMicroelectronics gab den Rückkauf von Aktien bekannt, der zwischen dem 25. und 29. November 2024 im Rahmen seines im Mai 2024 genehmigten Rückkaufprogramms durchgeführt wurde. Das Unternehmen erwarb 88.200 Stammaktien (0,01% des ausgegebenen Stammkapitals) zu einem gewichteten Durchschnittspreis von 24,0746 EUR pro Aktie, insgesamt 2.123.379,72 EUR. Das Ziel besteht darin, Verpflichtungen aus Aktienoptionsprogrammen und Mitarbeiterzuweisungen zu erfüllen. Nach diesen Transaktionen hält STMicroelectronics 13.133.241 eigene Aktien, was etwa 1,4% des ausgegebenen Stammkapitals entspricht.
- Strategic share repurchase program to support employee stock options and compensation
- Company maintains strong cash position enabling share buybacks
- Treasury shares provide flexibility for future employee compensation without additional share issuance
- Cash outflow of EUR 2.12 million for share repurchases
- Reduction in available cash for other operational or strategic initiatives
Insights
STMicroelectronics' latest share repurchase activity reveals strategic capital allocation, with the company acquiring 88,200 shares at
The repurchase program primarily targets employee stock options and management compensation, indicating a focus on talent retention and alignment of interests. At current price levels, the buyback represents a modest but strategic deployment of capital, maintaining flexibility for future operations while supporting share price stability.
The weighted average purchase price suggests disciplined execution, though the relatively small volume indicates a measured approach to capital return. This conservative stance is prudent given the cyclical nature of the semiconductor industry and the need to maintain strong liquidity for R&D and capital expenditures.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Nov 25, 2024 to Nov 29, 2024
AMSTERDAM – December 2, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 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 Nov 25, 2024 to Nov 29, 2024 (the “Period”), of 88,200 ordinary shares (equal to
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) |
| 25-Nov-24 | 88,200 | 24.0746 | 2,123,379.72 | XPAR |
| Total for Period | 88,200 | 24.0746 | 2,123,379.72 |
Following the share buybacks detailed above, the Company holds in total 13,133,241 treasury shares, which represents approximately
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 cloud-connected autonomous things. 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:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
Attachment
FAQ
How many shares did STM repurchase between Nov 25-29, 2024?
What was the average purchase price per share for STM's recent buyback?
What is the total percentage of treasury shares STM holds after the recent buyback?
What is the purpose of STM's share repurchase program?
