STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed details of its share repurchase program for the period between January 10, 2022, and January 14, 2022. A total of 174,540 shares were repurchased, representing 0.02% of its issued share capital, at an average price of EUR 43.1671, amounting to approximately EUR 7.53 million. Following these transactions, the company now holds 5,086,496 treasury shares, or roughly 0.6% of its issued capital. This stock buyback aims to enhance shareholder value.

Positive

• Share repurchase of 174,540 shares adds to shareholder value.
• Total treasury shares increased to 5,086,496, reflecting confidence in future performance.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 10, 2022 to Jan 14, 2022

AMSTERDAM – January 17, 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 Jan 10, 2022 to Jan 14, 2022 (the “Period”), of 174,540 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 43.1671 and for an overall price of EUR 7,534,391.65.

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)
10-Jan-22	32,366	43.1297	1,395,935.87	XPAR
11-Jan-22	34,311	43.1515	1,480,571.12	XPAR
12-Jan-22	34,931	42.6074	1,488,319.09	XPAR
13-Jan-22	36,416	43.8324	1,596,200.68	XPAR
14-Jan-22	36,516	43.0870	1,573,364.89	XPAR
Total for Period	174,540	43.1671	7,534,391.65

Following the share buybacks detailed above, the Company holds in total 5,086,496 treasury shares, which represents approximately 0.6% 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. 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

• C3062C -- Jan 17 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the purpose of STMicroelectronics' share repurchase program?

The share repurchase program aims to enhance shareholder value by reducing the number of shares outstanding.

How many shares did STMicroelectronics repurchase in January 2022?

STMicroelectronics repurchased a total of 174,540 ordinary shares between January 10 and January 14, 2022.

What was the average purchase price of STMicroelectronics' repurchased shares?

The average purchase price was EUR 43.1671 per share.

How much did STMicroelectronics spend on the share buybacks during the period?

STMicroelectronics spent approximately EUR 7.53 million on the share buybacks.

What percentage of STMicroelectronics' issued share capital is held as treasury shares after the buyback?

After the buyback, STMicroelectronics holds approximately 0.6% of its issued share capital as treasury shares.