STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics announced a share repurchase program, disclosing transactions from April 11 to April 14, 2023. During this period, the company bought back 191,375 ordinary shares, representing 0.02% of its issued share capital, at a total cost of approximately EUR 8.85 million and a weighted average price of EUR 46.22 per share.
The repurchase is part of an ongoing program approved by shareholders to fulfill obligations related to employee share option programs. Currently, STMicroelectronics holds 9,639,730 treasury shares, which is around 1.1% of its issued capital.
- Share repurchase reinforces investor confidence and signals commitment to shareholder value.
- The buyback may positively impact earnings per share (EPS) due to reduced share count.
- EUR 8.85 million spent on buybacks may limit funds available for other growth opportunities.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Apr 11, 2023 to Apr 14, 2023
AMSTERDAM – April 17, 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) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Apr 11, 2023 to Apr 14, 2023 (the “Period”), of 191,375 ordinary shares (equal to
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 STMicroelectronics (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) |
| 11-Apr-23 | 48,682 | 46.5675 | 2,266,999.04 | XPAR |
| 12-Apr-23 | 49,281 | 45.8482 | 2,259,445.14 | XPAR |
| 13-Apr-23 | 48,698 | 46.1850 | 2,249,117.13 | XPAR |
| 14-Apr-23 | 44,714 | 46.3040 | 2,070,437.06 | XPAR |
| Total for Period | 191,375 | 46.2234 | 8,845,998.37 |
Following the share buybacks detailed above, the Company holds in total 9,639,730 treasury shares, which represents approximately
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
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