STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 19 to August 23, 2024. The company repurchased 353,300 ordinary shares, representing 0.04% of its issued share capital, at a weighted average purchase price of €28.0536 per share. The total cost of the buyback was €9,911,340.88. The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,665,916 treasury shares, approximately 1.1% of its issued share capital.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 19 agosto al 23 agosto 2024. L'azienda ha riacquistato 353.300 azioni ordinarie, corrispondenti allo 0,04% del suo capitale sociale emesso, a un prezzo medio ponderato di acquisto di €28,0536 per azione. Il costo totale del riacquisto è stato di €9.911.340,88. Lo scopo di queste operazioni è quello di soddisfare le obbligazioni derivanti da programmi di opzioni su azioni o altre attribuzioni di azioni a dipendenti o organi societari. A seguito di questi riacquisti, STMicroelectronics detiene ora 9.665.916 azioni proprie, circa l'1,1% del suo capitale sociale emesso.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones comunes para el periodo del 19 de agosto al 23 de agosto de 2024. La empresa recompró 353.300 acciones ordinarias, que representan el 0,04% de su capital social emitido, a un precio medio ponderado de compra de €28,0536 por acción. El costo total de la recompra fue de €9.911.340,88. El propósito de estas transacciones es cumplir con las obligaciones derivadas de programas de opciones sobre acciones u otras asignaciones de acciones a empleados o órganos de la empresa. Tras estas recompras, STMicroelectronics ahora posee 9.665.916 acciones en tesorería, aproximadamente el 1,1% de su capital social emitido.
STMicroelectronics (STM)는 2024년 8월 19일부터 8월 23일까지의 보통주 매입 프로그램 상태를 발표했습니다. 회사는 353,300주의 보통주를 재매입했으며, 이는 발행 주식 자본의 0.04%에 해당하고, 주당 €28.0536의 가중 평균 매입 가격으로 이루어졌습니다. 매입 총 비용은 €9,911,340.88였습니다. 이러한 거래의 목적은 주식 옵션 프로그램 또는 직원이나 회사 기관에 대한 기타 주식 할당으로 인한 의무를 충족하는 것입니다. 이러한 재매입 이후, STMicroelectronics는 현재 9,665,916주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 약 1.1%에 해당합니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 19 au 23 août 2024. L'entreprise a racheté 353 300 actions ordinaires, représentant 0,04 % de son capital social émis, à un prix d'achat moyen pondéré de 28,0536 € par action. Le coût total du rachat s'est élevé à 9 911 340,88 €. Le but de ces transactions est de répondre aux obligations découlant des programmes d'options sur actions ou d'autres attributions d'actions aux employés ou aux organes de l'entreprise. Suite à ces rachats, STMicroelectronics détient désormais 9 665 916 actions propres, soit environ 1,1 % de son capital social émis.
STMicroelectronics (STM) hat den Status seines Programms zum Rückkauf von Stammaktien für den Zeitraum vom 19. bis 23. August 2024 bekannt gegeben. Das Unternehmen hat 353.300 Stammaktien zurückgekauft, was 0,04% des ausgegebenen Aktienkapitals entspricht, zu einem gewichteten durchschnittlichen Kaufpreis von €28,0536 pro Aktie. Die Gesamtkosten des Rückkaufs betrugen €9.911.340,88. Zweck dieser Transaktionen ist es, Verpflichtungen aus Aktienoptionsprogrammen oder anderen Aktienzuweisungen an Mitarbeiter oder Unternehmensorgane zu erfüllen. Nach diesen Rückkäufen hält STMicroelectronics nun 9.665.916 eigene Aktien, etwa 1,1% des ausgegebenen Aktienkapitals.
- Repurchased 353,300 shares, potentially boosting shareholder value
- Buyback program demonstrates confidence in company's financial position
- Shares can be used for employee incentive programs, aligning staff interests with shareholders
- €9,911,340.88 spent on buybacks could have been used for other investments or operations
Insights
STMicroelectronics' share repurchase program is a strategic financial move with several implications. The company bought back 353,300 shares (
- Meeting obligations for employee share options and allocations
- Potentially enhancing shareholder value by reducing outstanding shares
The repurchase, while modest in scale, demonstrates STMicroelectronics' financial stability and confidence in its stock value. However, investors should note that this program's impact on earnings per share and stock price is likely to be minimal given its small size relative to the company's market capitalization.
This share repurchase program aligns with best practices in corporate governance. Key points to consider:
- The program was approved by shareholders and the supervisory board, ensuring proper oversight.
- Transparency is maintained through detailed disclosure of transactions.
- The company now holds
1.1% of its issued share capital as treasury shares, well within acceptable limits.
The stated purposes for the buyback, including employee incentive programs, are standard and legitimate uses of company funds. This demonstrates STMicroelectronics' commitment to aligning employee interests with those of shareholders, potentially fostering long-term value creation.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 19, 2024 to Aug 23, 2024
AMSTERDAM – August 26, 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 Aug 19, 2024 to Aug 23, 2024 (the “Period”), of 353,300 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) |
| 8/19/2024 | 71,000 | 27.8421 | 1,976,789.10 | XPAR |
| 8/20/2024 | 71,200 | 28.1094 | 2,001,389.28 | XPAR |
| 8/21/2024 | 70,000 | 28.1432 | 1,970,024.00 | XPAR |
| 8/22/2024 | 70,000 | 28.1915 | 1,973,405.00 | XPAR |
| 8/23/2024 | 71,100 | 27.985 | 1,989,733.50 | XPAR |
| Total for Period | 353,300 | 28.0536 | 9,911,340.88 |
Following the share buybacks detailed above, the Company holds in total 9,665,916 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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FAQ
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