STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced details of its recent common share repurchase program, covering the period from January 25 to January 29, 2021. A total of 421,728 shares were repurchased, representing 0.05% of its issued share capital, at a weighted average price of EUR 32.8134, amounting to EUR 13,838,327.49. Following these transactions, the company holds 7,277,592 treasury shares, approximately 0.8% of its issued share capital. This buyback reflects STMicroelectronics' commitment to enhancing shareholder value.

Positive

• Company repurchased 421,728 shares, enhancing shareholder value.
• Total treasury shares increased to 7,277,592, around 0.8% of issued capital.

Negative

• None.

PR N°C2983C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 25, 2021 to Jan 29, 2021

AMSTERDAM – February 01, 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 January 25, 2021 to January 29, 2021 (the “Period”), of 421,728 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 32.8134 and for an overall price of EUR 13,838,327.49.

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)
Jan 25, 2021	85,903	33.1571	2,848,294.36	XPAR
Jan 26, 2021	68,364	32.8640	2,246,714.50	XPAR
Jan 27, 2021	87,461	31.8949	2,789,559.85	XPAR
Jan 28, 2021	90,630	32.8690	2,978,917.47	XPAR
Jan 29, 2021	89,370	33.2868	2,974,841.32	XPAR
Total for Period	421,728	32.8134	13,838,327.49

  

Following the share buybacks detailed above, the Company holds in total 7,277,592 treasury shares, which represents approximately 0.8% 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

• C2983C -ST -- Disclosure of transactions in Own Shares PR -- 01 February 2021

FAQ

What is the recent share repurchase program by STM?

STMicroelectronics repurchased 421,728 shares from January 25 to January 29, 2021.

How much did STM spend on share buybacks?

STM spent EUR 13,838,327.49 on the recent share buyback program.

What percentage of shares did STM repurchase in the recent program?

STM repurchased 0.05% of its issued share capital during the buyback.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds 7,277,592 treasury shares, approximately 0.8% of its issued capital.

What was the average price per share in the STM buyback?

The weighted average purchase price per share was EUR 32.8134.