STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the repurchase of 284,157 ordinary shares between February 8 and February 12, 2021, at an average price of EUR 34.4650, totaling EUR 9,793,461.50. This buyback program, aimed at enhancing shareholder value, follows previous approvals from shareholders and the supervisory board. After this transaction, the company holds 7,855,195 treasury shares, equating to 0.9% of its issued share capital. The ongoing buyback reflects STMicroelectronics' commitment to returning capital to shareholders and confidence in its future financial performance.

Positive

• Repurchased 284,157 shares, enhancing shareholder value.
• Buyback reflects confidence in future performance.
• Total treasury shares increased to 7,855,195, representing 0.9% of issued capital.

Negative

• None.

PR N°C2985C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 08, 2021 to Feb 12, 2021

AMSTERDAM – February 15, 2021 -- 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 November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 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 February 08, 2021 to February 12, 2021 (the “Period”), of 284,157 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 34.4650 and for an overall price of EUR 9,793,461.50.

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)
Feb 08, 2021	61,612	34.1381	2,103,316.62	XPAR
Feb 09, 2021	55,837	34.5187	1,927,420.65	XPAR
Feb 10, 2021	56,008	34.2821	1,920,071.86	XPAR
Feb 11, 2021	55,849	34.3888	1,920,580.09	XPAR
Feb 12, 2021	54,851	35.0417	1,922,072.29	XPAR
Total for Period	284,157	34.4650	9,793,461.50

Following the share buybacks detailed above, the Company holds in total 7,855,195 treasury shares, which represents approximately 0.9% 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. 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

• C2985C - ST -- Disclosure of transactions in Own Shares PR -- 15 February 2021-FINAL FOR PUBLICATION

FAQ

What was the purpose of STMicroelectronics' share repurchase program?

The share repurchase program aims to enhance shareholder value and reflects the company's confidence in its future financial performance.

How many shares did STMicroelectronics repurchase between February 8 and February 12, 2021?

STMicroelectronics repurchased 284,157 ordinary shares during this period.

What was the total amount paid for the shares repurchased by STMicroelectronics?

The total amount paid for the repurchased shares was EUR 9,793,461.50.

What is the weighted average purchase price per share for STMicroelectronics' recent buyback?

The weighted average purchase price per share was EUR 34.4650.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds a total of 7,855,195 treasury shares.