STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported the details of its common share repurchase program for the period spanning from January 23, 2023 to January 27, 2023. During this period, the company repurchased 155,753 ordinary shares, approximately 0.02% of its issued share capital, for a total expenditure of EUR 6,278,379.44 at a weighted average price of EUR 40.3098 per share. The objective of the buyback was to fulfill obligations related to share option programs for employees and management. Following this buyback, STMicroelectronics holds a total of 8,107,436 treasury shares, or about 0.9% of its issued share capital.

Positive

• Share buyback of 155,753 shares increases shareholder value.
• Total buyback amount of EUR 6,278,379.44 indicates strong capital management.
• Company holds 8,107,436 treasury shares, enhancing potential future value for shareholders.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 23, 2023 to Jan 27, 2023

AMSTERDAM – January 30, 2023 -- 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 23, 2023 to Jan 27, 2023 (the “Period”), of 155,753 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 40.3098 and for an overall price of EUR 6,278,379.44.

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)
1/23/2023	32,481	38.5955	1,253,620.44	XPAR
1/24/2023	32,104	39.1379	1,256,483.14	XPAR
1/25/2023	32,227	39.0112	1,257,213.94	XPAR
1/26/2023	29,765	42.1051	1,253,258.30	XPAR
1/27/2023	29,176	43.1109	1,257,803.62	XPAR
Total for Period	155,753	40.3098	6,278,379.44

Following the share buybacks detailed above, the Company holds in total 8,107,436 treasury shares, which represents approximately 0.9% 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 more than 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 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

• C3155C -- Jan 30 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the recent share repurchase amount by STM?

STMicroelectronics repurchased shares totaling EUR 6,278,379.44 from January 23 to January 27, 2023.

How many shares did STM buy back in January 2023?

The company repurchased 155,753 ordinary shares during the period.

What was the average purchase price per share in STM's buyback?

The weighted average purchase price per share was EUR 40.3098.

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

The program aims to meet obligations arising from share option programs for employees and management.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds a total of 8,107,436 treasury shares, representing approximately 0.9% of its issued share capital.