STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed its recent share repurchase activities for the period from February 15 to February 19, 2021, under its approved repurchase program. A total of 275,009 shares were repurchased at an average price of EUR 34.9779, amounting to EUR 9,619,233.50. This repurchase represents 0.03% of the company’s issued share capital, bringing total treasury shares to 8,130,204, or approximately 0.9% of issued capital. The program aims to enhance shareholder value and reflects the company’s confidence in its financial position.

Positive

• Share repurchase program enhances shareholder value.
• Repurchased shares indicate confidence in financial stability.
• Total treasury shares increased to 8,130,204.

Negative

• None.

PR N°C2986C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 15, 2021 to Feb 19, 2021

AMSTERDAM – February 22, 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 February 15, 2021 to February 19, 2021 (the “Period”), of 275,009 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 34.9779 and for an overall price of EUR 9,619,233.50.

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)
Feb 15, 2021	53,854	35.4696	1,910,179.84	XPAR
Feb 16, 2021	54,000	35.4729	1,915,536.60	XPAR
Feb 17, 2021	55,050	35.0645	1,930,300.73	XPAR
Feb 18, 2021	56,173	34.4589	1,935,659.79	XPAR
Feb 19, 2021	55,932	34.4625	1,927,556.55	XPAR
Total for Period	275,009	34.9779	9,619,233.50

Following the share buybacks detailed above, the Company holds in total 8,130,204 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 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

• C2986C - ST -- Disclosure of transactions in Own Shares PR -- 22 February 2021 FINAL FOR PUBLICATION

FAQ

What was the total number of shares repurchased by STM from February 15 to February 19, 2021?

STM repurchased a total of 275,009 shares during this period.

What was the average purchase price per share for STM during the recent buyback?

The weighted average purchase price per share was EUR 34.9779.

How much did STM spend on share repurchases from February 15 to February 19, 2021?

STM spent a total of EUR 9,619,233.50 on share repurchases.

What percentage of STM's issued share capital was repurchased in the latest buyback?

The 275,009 repurchased shares represent 0.03% of STM's issued share capital.

How many treasury shares does STM hold after the recent buyback?

After the buyback, STM holds a total of 8,130,204 treasury shares, which is approximately 0.9% of its issued capital.