STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 29, 2024, to August 2, 2024. The company repurchased 428,000 ordinary shares, representing 0.05% of its issued share capital, at a weighted average purchase price of €30.41 per share, for a total of €13,015,490.70. The buyback was conducted on the Euronext Paris regulated market to meet obligations arising from employee share programs or allocations to management. Following these transactions, STMicroelectronics now holds 8,574,116 treasury shares, approximately 0.9% of its issued share capital.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 29 luglio 2024 al 2 agosto 2024. L'azienda ha riacquistato 428.000 azioni ordinarie, che rappresentano lo 0,05% del suo capitale sociale emesso, a un prezzo medio ponderato di acquisto di 30,41 € per azione, per un totale di 13.015.490,70 €. Il riacquisto è stato effettuato sul mercato regolamentato Euronext di Parigi per soddisfare le obbligazioni derivanti dai programmi di condivisione azionaria per i dipendenti o le assegnazioni alla direzione. Dopo queste operazioni, STMicroelectronics detiene ora 8.574.116 azioni proprie, circa lo 0,9% del suo capitale sociale emesso.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones ordinarias para el período del 29 de julio de 2024 al 2 de agosto de 2024. La empresa ha recomprado 428,000 acciones ordinarias, que representan el 0.05% de su capital social emitido, a un precio promedio ponderado de 30.41 € por acción, para un total de 13,015,490.70 €. La recompra se realizó en el mercado regulado de Euronext París para cumplir con las obligaciones derivadas de programas de acciones para empleados o asignaciones a la dirección. Después de estas transacciones, STMicroelectronics ahora posee 8,574,116 acciones en tesorería, aproximadamente el 0.9% de su capital social emitido.
STMicroelectronics (STM)은 2024년 7월 29일부터 2024년 8월 2일까지의 기간 동안 자사 보통주 매입 프로그램의 현황을 발표했습니다. 회사는 428,000주를 매입했으며, 이는 발행 주식 자본의 0.05%에 해당합니다. 매입 주당 30.41€의 가중 평균 가격으로 총 13,015,490.70€가 소요되었습니다. 이 매입은 임직원 주식 프로그램 또는 경영진 배정에 따른 의무를 이행하기 위해 Euronext 파리 규제 시장에서 실시되었습니다. 이 거래 이후 STMicroelectronics는 현재 8,574,116주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 약 0.9%에 해당합니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 29 juillet 2024 au 2 août 2024. La société a racheté 428 000 actions ordinaires, représentant 0,05 % de son capital social émis, à un prix d'achat moyen pondéré de 30,41 € par action, pour un total de 13 015 490,70 €. Le rachat a été effectué sur le marché réglementé d'Euronext Paris pour répondre aux obligations découlant des programmes d'actions pour les employés ou des attributions à la direction. À l'issue de ces transactions, STMicroelectronics détient désormais 8 574 116 actions propres, soit environ 0,9 % de son capital social émis.
STMicroelectronics (STM) hat den Status seines Programms zum Rückkauf von Stammaktien für den Zeitraum vom 29. Juli 2024 bis zum 2. August 2024 bekannt gegeben. Das Unternehmen hat 428.000 Stammaktien zurückgekauft, was 0,05 % des ausgegebenen Aktienkapitals entspricht, zu einem gewichteten durchschnittlichen Kaufpreis von 30,41 € pro Aktie, insgesamt 13.015.490,70 €. Der Rückkauf wurde auf dem regulierten Markt Euronext Paris durchgeführt, um Verpflichtungen aus Mitarbeiteraktienprogrammen oder Zuweisungen an das Management zu erfüllen. Nach diesen Transaktionen hält STMicroelectronics nun 8.574.116 eigene Aktien, was etwa 0,9 % des ausgegebenen Aktienkapitals entspricht.
- Repurchased 428,000 shares, potentially increasing shareholder value
- Buyback program demonstrates confidence in company's financial position
- Shares can be used for employee and management incentive programs, aligning interests with shareholders
- Spent €13,015,490.70 on share repurchases, reducing cash reserves
Insights
STMicroelectronics' share repurchase program is a strategic financial move with several implications for investors. The company bought back 428,000 shares (0.05% of issued capital) at an average price of
The repurchase serves dual purposes: meeting obligations for employee share programs and potentially enhancing shareholder value. With 8,574,116 treasury shares (
The share repurchase program by STMicroelectronics offers insights into market dynamics and investor sentiment. The declining purchase price over the week, from
The program's execution on Euronext Paris (XPAR) indicates a focus on the European market. The consistent daily purchases suggest a well-planned strategy to maintain market stability. Investors should monitor how this buyback affects ST's liquidity and float, as reduced free float can impact stock volatility. The program's alignment with Market Abuse Regulation demonstrates regulatory compliance, which is important for maintaining investor trust in the semiconductor industry.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Jul 29, 2024 to Aug 02, 2024
AMSTERDAM – August 5, 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 Jul 29, 2024 to Aug 02, 2024 (the “Period”), of 428,000 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) |
| 29-Jul-24 | 95,000 | 31.2922 | 2,972,759.00 | XPAR |
| 30-Jul-24 | 100,000 | 30.8338 | 3,083,380.00 | XPAR |
| 31-Jul-24 | 95,000 | 30.8614 | 2,931,833.00 | XPAR |
| 1-Aug-24 | 65,000 | 30.2513 | 1,966,334.50 | XPAR |
| 2-Aug-24 | 73,000 | 28.2354 | 2,061,184.20 | XPAR |
| Total for Period | 428,000 | 30.4100 | 13,015,490.70 |
Following the share buybacks detailed above, the Company holds in total 8,574,116 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
How many shares did STMicroelectronics (STM) repurchase between July 29 and August 2, 2024?
What was the average purchase price per share for STM's buyback from July 29 to August 2, 2024?
What is the total value of STM's share repurchases from July 29 to August 2, 2024?
What percentage of STM's issued share capital does the recent buyback represent?
How many treasury shares does STM hold after the recent buyback?
