STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed its common share repurchase program, covering June 13-17, 2022. During this period, the company bought back 200,938 ordinary shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 32.5769, totaling EUR 6,545,932.11. After these transactions, STMicroelectronics now holds a total of 5,396,469 treasury shares, approximately 0.6% of its issued capital. The buyback aims to enhance shareholder value and reflects the company's commitment to optimize its capital structure.

Positive

• Repurchased 200,938 shares at a total cost of EUR 6,545,932.11, enhancing shareholder value.
• Total treasury shares now amount to 5,396,469, approximately 0.6% of issued share capital.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jun 13, 2022 to Jun 17, 2022

AMSTERDAM – June 20, 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 Jun 13, 2022 to Jun 17, 2022 (the “Period”), of 200,938 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 32.5769 and for an overall price of EUR 6,545,932.11.

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)
13-Jun-22	38,349	33.0083	1,265,835.30	XPAR
14-Jun-22	39,574	32.4895	1,285,739.47	XPAR
15-Jun-22	39,871	33.3062	1,327,951.50	XPAR
16-Jun-22	40,917	32.3384	1,323,190.31	XPAR
17-Jun-22	42,227	31.8094	1,343,215.53	XPAR
Total for Period	200,938	32.5769	6,545,932.11

Following the share buybacks detailed above, the Company holds in total 5,396,469 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

• C3099C -- Jun 20 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the recent share buyback amount by STM?

STMicroelectronics repurchased 200,938 ordinary shares for a total of EUR 6,545,932.11.

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

The weighted average purchase price per share was EUR 32.5769.

How many treasury shares does STM hold after the latest buyback?

After the buyback, STM holds a total of 5,396,469 treasury shares.

What percentage of STM's issued share capital is represented by the recent buyback?

The buyback represents approximately 0.02% of STM's issued share capital.