STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced its common share repurchase program, detailing transactions for the period from August 30, 2021 to September 3, 2021. The company repurchased 129,000 shares, representing 0.01% of its share capital, at a weighted average price of EUR 37.9117, totaling EUR 4,890,610.60. These share buybacks are aimed at enhancing shareholder value, and currently, STMicroelectronics holds a total of 2,907,263 treasury shares, approximately 0.3% of its issued capital.

Positive

• Completion of repurchase of 129,000 shares, enhancing shareholder value.
• Total of 2,907,263 treasury shares held, indicating strong buyback commitment.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Aug 30, 2021 to Sep 03, 2021

AMSTERDAM – September 6, 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 Aug 30, 2021 to Sep 03, 2021 (the “Period”), of 129,000 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 37.9117 and for an overall price of EUR 4,890,610.60.

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)
30-Aug-21	24,000	37.7827	906,784.80	XPAR
31-Aug-21	34,000	37.9803	1,291,330.20	XPAR
1-Sep-21	36,000	37.9696	1,366,905.60	XPAR
3-Sep-21	35,000	37.8740	1,325,590.00	XPAR
Total for Period	129,000	37.9117	4,890,610.60

Following the share buybacks detailed above, the Company holds in total 2,907,263 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

• C3032C -- Sep 6 2021 -- ST Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the status of STM's common share repurchase program as of September 2021?

As of September 2021, STM repurchased 129,000 shares during the period from August 30 to September 3 at an average price of EUR 37.9117.

How much did STM spend on its share buyback program in September 2021?

STM spent a total of EUR 4,890,610.60 on its share buyback program during the specified period.

What percentage of STM's share capital does the recent buyback represent?

The recent buyback of 129,000 shares represents approximately 0.01% of STM's issued share capital.

How many treasury shares does STM hold after the buyback in September 2021?

Following the buyback, STM holds a total of 2,907,263 treasury shares, which is about 0.3% of its issued share capital.