STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics (STM) reported the execution of its common share repurchase program during the period from October 4 to October 8, 2021. The company repurchased a total of 213,678 shares, accounting for 0.02% of its issued capital, at a weighted average price of EUR 36.4350, totaling EUR 7,785,354.38. Following these transactions, STM holds 3,177,720 treasury shares, representing approximately 0.3% of its issued share capital. Detailed information on these trades is available on the company’s investor relations website.

Positive

• Share repurchase program enhances shareholder value.
• The buyback of 213,678 shares indicates company confidence.
• Holding 3,177,720 treasury shares post-buyback may support stock price.

Negative

• None.

 PR N°C3043C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 04, 2021 to Oct 08, 2021

AMSTERDAM – October 11, 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 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) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Oct 04, 2021 to Oct 08, 2021 (the “Period”), of 213,678 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 36.4350 and for an overall price of EUR 7,785,354.38.

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)
4-Oct-21	40,732	36.5416	1,488,412.45	XPAR
5-Oct-21	42,378	36.4962	1,546,635.96	XPAR
6-Oct-21	43,187	36.1733	1,562,216.31	XPAR
7-Oct-21	43,539	36.7512	1,600,110.50	XPAR
8-Oct-21	43,842	36.2205	1,587,979.16	XPAR
Total for Period	213,678	36.4350	7,785,354.38

Following the share buybacks detailed above, the Company holds in total 3,177,720 treasury shares, which represents approximately 0.3% 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

• C3043C - ST -- Disclosure of transactions in Own Shares PR -- 11 Oct 2021

FAQ

What is the recent share repurchase amount reported by STM?

STMicroelectronics repurchased a total of EUR 7,785,354.38 worth of shares between October 4 and October 8, 2021.

How many shares did STM buy back in October 2021?

The company bought back 213,678 shares during the period from October 4 to October 8, 2021.

What is the impact of STM's share buyback on stock price?

The share buyback program is expected to enhance shareholder value and may support the stock price.

What percentage of STM's issued capital was repurchased?

The repurchased shares represent 0.02% of STM's issued share capital.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds a total of 3,177,720 treasury shares, approximately 0.3% of its issued share capital.