STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has revealed details on its common share repurchase program, originally announced in July 2021. From April 4 to April 8, 2022, the company repurchased 268,803 shares, representing 0.03% of its issued capital, for a total of EUR 9,845,665.03 at an average price of EUR 36.6278 per share. Following this buyback, STMicroelectronics holds 6,908,663 treasury shares, equating to approximately 0.8% of its issued share capital.

Positive

• Share buyback of 268,803 shares enhances shareholder value.
• Total repurchases increase treasury shares to 6,908,663, indicating robust cash flow management.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Apr 04, 2022 to Apr 08, 2022

AMSTERDAM – April 11, 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 Apr 04, 2022 to Apr 08, 2022 (the “Period”), of 268,803 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 36.6278 and for an overall price of EUR 9,845,665.03.

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)
4-Apr-22	55,803	38.5613	2,151,836.22	XPAR
5-Apr-22	54,466	37.7051	2,053,645.98	XPAR
6-Apr-22	54,026	35.5028	1,918,074.27	XPAR
7-Apr-22	52,570	35.8682	1,885,591.27	XPAR
8-Apr-22	51,938	35.3598	1,836,517.29	XPAR
Total for Period	268,803	36.6278	9,845,665.03

  

Following the share buybacks detailed above, the Company holds in total 6,908,663 treasury shares, which represents approximately 0.8% 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 independent 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 5G technology. 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

• C3082C -- Apr 11 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What are the details of the STM share repurchase program from April 4 to April 8, 2022?

During this period, STM repurchased 268,803 shares at a weighted average price of EUR 36.6278, totaling EUR 9,845,665.03.

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

Following the recent buyback, STM holds a total of 6,908,663 treasury shares, approximately 0.8% of its issued share capital.

What is the total amount STM spent on share repurchases from April 4 to April 8, 2022?

STM spent a total of EUR 9,845,665.03 on share repurchases during this period.

What impact does the share buyback have on STM's stock price?

Share buybacks typically boost stock prices by reducing the number of shares available and increasing earnings per share.