STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announced the completion of share repurchases from October 3 to October 7, 2022.

A total of 252,682 shares were bought back, representing 0.03% of its issued capital, at a weighted average price of EUR 33.7456, totaling EUR 8,526,896.92.

After these transactions, the company holds 5,247,409 treasury shares, accounting for approximately 0.6% of issued capital.

Positive

• Share repurchase program supports shareholder value.
• Purchase enhances earnings per share (EPS) potential.

Negative

• Repurchase expenditure may limit capital for growth opportunities.
• Total buyback amount reflects significant cash outflow.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 03, 2022 to Oct 07, 2022

AMSTERDAM – October 10, 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 03, 2022 to Oct 07, 2022 (the “Period”), of 252,682 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 33.7456 and for an overall price of EUR 8,526,896.92.

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)
03-Oct-22	82,171	32.0486	2,633,465.51	XPAR
04-Oct-22	50,710	34.1906	1,733,805.33	XPAR
05-Oct-22	39,661	34.6360	1,373,698.40	XPAR
06-Oct-22	39,377	35.1597	1,384,483.51	XPAR
07-Oct-22	40,763	34.3803	1,401,444.17	XPAR
Total for Period	252,682	33.7456	8,526,896.92

Following the share buybacks detailed above, the Company holds in total 5,247,409 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 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

• C3126C -- Oct 10 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What was the total number of shares repurchased by STM between October 3 and October 7, 2022?

STM repurchased a total of 252,682 shares during this period.

What was the weighted average purchase price per share during the recent buyback by STM?

The weighted average purchase price per share was EUR 33.7456.

How much did STM spend on share repurchases from October 3 to October 7, 2022?

STM spent a total of EUR 8,526,896.92 on share repurchases.

What percentage of STM's issued share capital does the recent buyback represent?

The recent buyback represents 0.03% of STM's issued share capital.

How many treasury shares does STM hold after the recent repurchase?

After the repurchase, STM holds 5,247,409 treasury shares.