STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announces the status of its common share repurchase program, disclosing transactions in own shares from Oct 24 to Oct 28, 2022.

Positive

• STMicroelectronics repurchased 197,935 ordinary shares at a weighted average purchase price per share of EUR 33.2773, amounting to a total of EUR 6,586,734.96.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 24, 2022 to Oct 28, 2022

AMSTERDAM – October 31, 2022 -- 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 Oct 24, 2022 to Oct 28, 2022 (the “Period”), of 197,935 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 33.2773 and for an overall price of EUR 6,586,734.96.

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 STM (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)
24-Oct-22	50,471	33.9314	1,712,551.69	XPAR
25-Oct-22	35,987	34.2399	1,232,191.28	XPAR
26-Oct-22	35,414	34.3593	1,216,800.25	XPAR
27-Oct-22	36,940	32.6712	1,206,874.13	XPAR
28-Oct-22	39,123	31.1407	1,218,317.61	XPAR
Total for Period	197,935	33.2773	6,586,734.96

Following the share buybacks detailed above, the Company holds in total 6,096,262 treasury shares, which represents approximately 0.7% of the Company’s issued share capital.

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 48,000 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 the Internet of Things and connectivity. ST is committed to becoming carbon neutral 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
alexis.breton@st.com

Attachment

• C3130C -- Oct 31 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the status of STMicroelectronics' common share repurchase program?

STMicroelectronics announces the status of its common share repurchase program, disclosing transactions in own shares from Oct 24 to Oct 28, 2022.

How many shares did STMicroelectronics repurchase during the specified period?

STMicroelectronics repurchased 197,935 ordinary shares during the specified period.

What was the weighted average purchase price per share?

The weighted average purchase price per share was EUR 33.2773.

What was the total amount paid for the repurchased shares?

The total amount paid for the repurchased shares was EUR 6,586,734.96.

Where can I find a breakdown of the individual trades in the repurchase program?

A full breakdown of the individual trades in the repurchase program can be found on the ST website at https://investors.st.com/stock-and-bond-information/share-buyback.