STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported the execution of its common share repurchase program from March 1 to March 5, 2021. During this period, the company repurchased 492,595 ordinary shares, representing 0.05% of its issued share capital, at a weighted average price of EUR 30.3456, totaling EUR 14,948,086.39. Following these transactions, STM now holds a total of 9,008,745 treasury shares, or approximately 1.0% of its issued capital. This buyback is intended to enhance shareholder value.

Positive

• Repurchase of 492,595 shares enhances shareholder value.
• Total of 9,008,745 treasury shares represents 1.0% of issued capital.

Negative

• None.

PR N°C2989C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Mar 01, 2021 to Mar 05, 2021

AMSTERDAM – March 08, 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 March 01, 2021 to March 05, 2021 (the “Period”), of 492,595 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 30.3456 and for an overall price of EUR 14,948,086.39.

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)
Mar 01, 2021	93,906	31.7089	2,977,655.96	XPAR
Mar 02, 2021	95,868	31.2514	2,996,009.22	XPAR
Mar 03, 2021	97,427	30.5518	2,976,570.22	XPAR
Mar 04, 2021	101,423	29.4477	2,986,674.08	XPAR
Mar 05, 2021	103,971	28.9617	3,011,176.91	XPAR
Total for Period	492,595	30.3456	14,948,086.39

Following the share buybacks detailed above, the Company holds in total 9,008,745 treasury shares, which represents approximately 1.0% 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

• C2989C - ST -- Disclosure of transactions in Own Shares PR -- 08 March 2021 FINAL FOR PUBLICATION

FAQ

What was the total amount spent on the STM share repurchase program in March 2021?

STMicroelectronics spent a total of EUR 14,948,086.39 on the share repurchase program between March 1 and March 5, 2021.

How many shares did STM repurchase during the March 2021 period?

During the period from March 1 to March 5, 2021, STM repurchased a total of 492,595 ordinary shares.

What is the purpose of STM's share repurchase program?

The share repurchase program is intended to enhance shareholder value.

What was the weighted average price per share during STM's recent buyback?

The weighted average purchase price per share during the recent buyback was EUR 30.3456.

How does STM's share buyback affect its issued share capital?

The recent share buyback represents 0.05% of STM's issued share capital.