STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from August 26 to August 30, 2024. The company repurchased 69,670 ordinary shares, representing 0.01% of its issued share capital, at a weighted average purchase price of €28.0277 per share, for a total of €1,952,689.86. The buyback was executed on the Euronext Paris regulated market.
The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 9,735,586 treasury shares, approximately 1.1% of its issued share capital. The repurchase program was approved by shareholders on May 22, 2024, and by the supervisory board.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 26 al 30 agosto 2024. L'azienda ha riacquistato 69.670 azioni ordinarie, che rappresentano lo 0,01% del capitale sociale emesso, a un prezzo medio ponderato di acquisto di €28,0277 per azione, per un totale di €1.952.689,86. Il buyback è stato effettuato sul mercato regolamentato Euronext di Parigi.
Lo scopo di queste operazioni è di soddisfare gli obblighi derivanti da programmi di opzioni su azioni o altre assegnazioni di azioni a dipendenti o organi della società. A seguito di questi riacquisti, STMicroelectronics detiene ora 9.735.586 azioni proprie, circa l'1,1% del capitale sociale emesso. Il programma di riacquisto è stato approvato dagli azionisti il 22 maggio 2024 e dal consiglio di sorveglianza.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones comunes para el período del 26 al 30 de agosto de 2024. La compañía recompró 69,670 acciones ordinarias, que representan el 0.01% de su capital social emitido, a un precio medio ponderado de €28.0277 por acción, para un total de €1,952,689.86. La recompra se ejecutó en el mercado regulado de Euronext París.
El propósito de estas transacciones es cumplir con obligaciones derivadas de programas de opciones sobre acciones u otras asignaciones de acciones a empleados u órganos de la empresa. Tras estas recompras, STMicroelectronics posee ahora 9,735,586 acciones en tesorería, aproximadamente el 1.1% de su capital social emitido. El programa de recompra fue aprobado por los accionistas el 22 de mayo de 2024 y por el consejo de supervisión.
STMicroelectronics (STM)은 2024년 8월 26일부터 8월 30일 사이의 자사 보통주 매입 프로그램 상태를 발표했습니다. 이 회사는 69,670주를 재구매했으며, 이는 발행주식의 0.01%에 해당하며, 평균 매입 가격은 주당 €28.0277이며, 총액은 €1,952,689.86입니다. 매입은 유로넥스트 파리 규제 시장에서 실행되었습니다.
이 거래의 목적은 직원 또는 회사 기관에 대한 주식 옵션 프로그램 또는 기타 주식 할당으로 발생하는 의무를 이행하는 것입니다. 이러한 매입 후, STMicroelectronics는 현재 9,735,586주의 자사주식을 보유하고 있으며, 이는 발행주식의 약 1.1%에 해당합니다. 매입 프로그램은 2024년 5월 22일에 주주에 의해 승인되었고 감독위원회에서도 승인되었습니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 26 au 30 août 2024. La société a racheté 69 670 actions ordinaires, représentant 0,01 % de son capital social émis, à un prix d'achat moyen pondéré de 28,0277 € par action, pour un total de 1 952 689,86 €. Le rachat a été exécuté sur le marché réglementé Euronext Paris.
Le but de ces transactions est de répondre aux obligations découlant des programmes d'options sur actions ou d'autres allocations d'actions aux employés ou aux organes de l'entreprise. Suite à ces rachats, STMicroelectronics détient désormais 9 735 586 actions propres, soit environ 1,1 % de son capital social émis. Le programme de rachat a été approuvé par les actionnaires le 22 mai 2024 et par le conseil de surveillance.
STMicroelectronics (STM) hat den Status seines Programms zum Rückkauf von Stammaktien für den Zeitraum vom 26. bis 30. August 2024 bekannt gegeben. Das Unternehmen hat 69.670 Stammaktien zurückgekauft, was 0,01% des ausgegebenen Aktienkapitals entspricht, zu einem gewichteten durchschnittlichen Kaufpreis von €28,0277 pro Aktie, insgesamt €1.952.689,86. Der Rückkauf wurde am regulierten Markt Euronext Paris durchgeführt.
Der Zweck dieser Transaktionen besteht darin, Verpflichtungen aus Aktienoptionsprogrammen oder anderen Aktienzuweisungen an Mitarbeiter oder Unternehmensorgane zu erfüllen. Nach diesen Rückkäufen hält STMicroelectronics nun 9.735.586 eigene Aktien, was etwa 1,1% des ausgegebenen Aktienkapitals entspricht. Das Rückkaufprogramm wurde am 22. Mai 2024 von den Aktionären und vom Aufsichtsrat genehmigt.
- Share repurchase program demonstrates confidence in the company's financial position
- Buyback helps meet obligations for employee share programs without diluting existing shareholders
- Company now holds 1.1% of issued share capital in treasury, providing flexibility for future use
- €1,952,689.86 spent on share repurchases reduces cash available for other investments or operations
Insights
STMicroelectronics' recent share repurchase program, while routine, offers insights into the company's financial strategy. The repurchase of 69,670 shares at an average price of
The timing and volume of STMicroelectronics' share repurchases provide valuable market insights. The average purchase price of
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 26, 2024 to Aug 30, 2024
AMSTERDAM – September 2, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 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 Aug 26, 2024 to Aug 30, 2024 (the “Period”), of 69,670 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) |
| 26-Aug-24 | 69,670 | 28.0277 | 1,952,689.86 | XPAR |
| Total for Period | 69,670 | 28.0277 | 1,952,689.86 |
Following the share buybacks detailed above, the Company holds in total 9,735,586 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 over 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 cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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
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FAQ
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