STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed the latest transactions of its common share repurchase program from June 14 to June 18, 2021. During this period, the company repurchased a total of 7,826 shares at a weighted average price of EUR 31.5405, totaling EUR 246,836.26. With these transactions, STMicroelectronics now holds 7,975,216 treasury shares, representing approximately 0.9% of its issued share capital. This buyback aims to enhance shareholder value and reflects the company's ongoing commitment to returning capital to shareholders.

Positive

• Repurchased 7,826 shares, enhancing shareholder value.
• Total treasury shares have increased to 7,975,216, representing approximately 0.9% of issued capital.

Negative

• None.

  

PR N°C3011C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jun 14, 2021 to Jun 18, 2021
        

AMSTERDAM – Jun 21, 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 Jun 14, 2021 to Jun 18, 2021 (the “Period”), of 7,826 ordinary shares (equal to 0.001% of its issued share capital) at the weighted average purchase price per share of EUR 31.5405 and for an overall price of EUR 246,836.26.

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)
Jun 14, 2021	1,855	31.5939	58,606.68	XPAR
Jun 15, 2021	1,704	31.6496	53,930.92	XPAR
Jun 16, 2021	1,534	31.5030	48,325.60	XPAR
Jun 17, 2021	1,401	31.4397	44,047.02	XPAR
Jun 18, 2021	1,332	31.4760	41,926.03	XPAR
Total for Period	7,826	31.5405	246,836.26

Following the share buybacks detailed above, the Company holds in total 7,975,216 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

• C3011C -- ST -- Disclosure of transactions in Own Shares PR -- 21 Jun 2021

FAQ

What was the purpose of STMicroelectronics' recent share repurchase program?

The share repurchase program aims to enhance shareholder value by returning capital to shareholders.

How many shares did STMicroelectronics repurchase from June 14 to June 18, 2021?

STMicroelectronics repurchased a total of 7,826 shares during that period.

What was the average purchase price per share for the recent buyback by STMicroelectronics?

The weighted average purchase price per share was EUR 31.5405.

What is the total amount paid by STMicroelectronics for the recent share buyback?

The total amount paid for the share repurchase was EUR 246,836.26.

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

After the recent buyback, STMicroelectronics holds a total of 7,975,216 treasury shares.