STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has completed a share repurchase program between Oct 28-Nov 01, 2024, buying back 409,408 ordinary shares (0.04% of issued share capital) at a weighted average price of EUR 25.5039 per share, totaling EUR 10,441,483.15. The buyback was executed on Euronext Paris to meet obligations from share option programs and employee allocations. Following these transactions, STMicroelectronics holds 11,563,022 treasury shares, representing approximately 1.3% of its issued share capital.
STMicroelectronics ha completato un programma di riacquisto di azioni tra il 28 ottobre e il 1 novembre 2024, riacquistando 409.408 azioni ordinarie (0,04% del capitale sociale emesso) a un prezzo medio ponderato di 25,5039 EUR per azione, per un totale di 10.441.483,15 EUR. Il riacquisto è stato eseguito su Euronext Paris per soddisfare gli obblighi derivanti dai programmi di opzioni sulle azioni e dalle allocazioni ai dipendenti. A seguito di queste transazioni, STMicroelectronics detiene 11.563.022 azioni proprie, che rappresentano circa l'1,3% del capitale sociale emesso.
STMicroelectronics ha completado un programa de recompra de acciones entre el 28 de octubre y el 1 de noviembre de 2024, comprando 409,408 acciones ordinarias (0.04% del capital social emitido) a un precio medio ponderado de 25.5039 EUR por acción, totalizando 10.441.483,15 EUR. La recompra se ejecutó en Euronext París para cumplir con las obligaciones de los programas de opciones sobre acciones y las asignaciones a empleados. Tras estas transacciones, STMicroelectronics posee 11.563.022 acciones en tesorería, que representan aproximadamente el 1,3% de su capital social emitido.
STMicroelectronics는 2024년 10월 28일부터 11월 1일까지 주식 매입 프로그램을 완료하였으며, 409,408주(발행 주식 자본의 0.04%)를 평균 가중 가격 25.5039 유로에 매입하여 총 10,441,483.15 유로에 달했습니다. 이번 매입은 Euronext 파리에서 주식 옵션 프로그램 및 직원 배분 의무를 이행하기 위해 실행되었습니다. 이러한 거래를 통해 STMicroelectronics는 11,563,022주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 약 1.3%에 해당합니다.
STMicroelectronics a achevé un programme de rachat d'actions entre le 28 octobre et le 1er novembre 2024, rachetant 409 408 actions ordinaires (0,04 % du capital social émis) à un prix moyen pondéré de 25,5039 EUR par action, pour un total de 10 441 483,15 EUR. Le rachat a été effectué sur Euronext Paris pour répondre aux obligations découlant des programmes d'options d'achat d'actions et des allocations aux employés. À la suite de ces transactions, STMicroelectronics détient 11 563 022 actions propres, représentant environ 1,3 % de son capital social émis.
STMicroelectronics hat zwischen dem 28. Oktober und dem 1. November 2024 ein Aktienrückkaufprogramm abgeschlossen und 409.408 Stammaktien (0,04 % des ausgegebenen Kapitals) zu einem gewichteten Durchschnittspreis von 25,5039 EUR pro Aktie zurückgekauft, was insgesamt 10.441.483,15 EUR ergibt. Der Rückkauf wurde an der Euronext Paris durchgeführt, um Verpflichtungen aus Aktienoptionsprogrammen und Mitarbeiterzuweisungen nachzukommen. Nach diesen Transaktionen hält STMicroelectronics 11.563.022 eigene Aktien, was etwa 1,3 % des ausgegebenen Kapitals entspricht.
- Share buyback program demonstrates company's commitment to return value to shareholders
- Company maintains strong cash position enabling share repurchases
- Treasury shares can be used flexibly for employee stock programs or other purposes
- Significant cash outflow of EUR 10.4 million for share repurchases
- Relatively small buyback size (0.04% of issued share capital) limits impact on share price
Insights
The share repurchase activity shows significant market engagement, with STM buying back 409,408 shares at a weighted average price of
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Oct 28, 2024 to Nov 01, 2024
AMSTERDAM – November 4, 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 Oct 28, 2024 to Nov 01, 2024 (the “Period”), of 409,408 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) |
| 28-Oct-24 | 66,008 | 26.2468 | 1,732,498.77 | XPAR |
| 29-Oct-24 | 43,400 | 26.5632 | 1,152,842.88 | XPAR |
| 30-Oct-24 | 85,000 | 25.9817 | 2,208,444.50 | XPAR |
| 31-Oct-24 | 100,000 | 25.2355 | 2,523,550.00 | XPAR |
| 1-Nov-24 | 115,000 | 24.5578 | 2,824,147.00 | XPAR |
| Total for Period | 409,408 | 25.5039 | 10,441,483.15 |
Following the share buybacks detailed above, the Company holds in total 11,563,022 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:
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
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