STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics N.V. disclosed details of its share repurchase program from November 15 to November 19, 2021. A total of 173,731 shares were bought back at a weighted average price of EUR 45.2793, amounting to EUR 7,866,421.49. Following these transactions, the company holds 4,428,760 treasury shares, representing approximately 0.5% of its issued share capital. The program, initially approved on May 27, 2021, aims to enhance shareholder value and reflect confidence in the company's future.

Positive

• Total of 173,731 shares repurchased, enhancing shareholder value.
• Repurchase program reflects confidence in STM's future performance.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Nov 15, 2021 to Nov 19, 2021

AMSTERDAM – November 22, 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 Nov 15, 2021 to Nov 19, 2021 (the “Period”), of 173,731 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 45.2793 and for an overall price of EUR 7,866,421.49.

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)
15-Nov-21	42,731	44.8138	1,914,938.49	XPAR
16-Nov-21	35,000	44.8450	1,569,575.00	XPAR
17-Nov-21	35,000	45.5989	1,595,961.50	XPAR
18-Nov-21	31,000	45.6355	1,414,700.50	XPAR
19-Nov-21	30,000	45.7082	1,371,246.00	XPAR
Total for Period	173,731	45.2793	7,866,421.49

Following the share buybacks detailed above, the Company holds in total 4,428,760 treasury shares, which represents approximately 0.5% 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

• C3054C -- Nov 22 2021 -- Disclosure of transactions in Own Shares_FINAL FOR PUBLICATION

FAQ

What was the total number of shares repurchased by STM from November 15 to November 19, 2021?

STM repurchased a total of 173,731 shares during this period.

What was the weighted average purchase price of the shares repurchased by STM?

The weighted average purchase price was EUR 45.2793 per share.

How much did STM spend on the share repurchase program from November 15 to November 19, 2021?

STM spent a total of EUR 7,866,421.49 on the share repurchase program.

What percentage of the issued share capital does the repurchased shares represent for STM?

The repurchased shares represent approximately 0.5% of STM's issued share capital.

When was the share repurchase program approved for STM?

The share repurchase program was approved on May 27, 2021.