STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed the status of its common share repurchase program for the period from October 25 to October 29, 2021. The company repurchased 211,043 shares, amounting to EUR 8,287,385.61 at an average price of EUR 39.2687 per share. This buyback is part of a broader initiative approved by shareholders in May 2021. Following these transactions, STMicroelectronics now holds a total of 3,827,194 treasury shares, representing approximately 0.4% of its issued share capital.

Positive

• Repurchase of 211,043 shares increases shareholder value.
• Total treasury shares held rose to 3,827,194, demonstrating a commitment to returning value to shareholders.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 25, 2021 to Oct 29, 2021

AMSTERDAM – November 1, 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 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 Oct 25, 2021 to Oct 29, 2021 (the “Period”), of 211,043 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 39.2687 and for an overall price of EUR 8,287,385.61.

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)
25-Oct-21	43,890	37.9466	1,665,476.27	XPAR
26-Oct-21	42,498	38.7475	1,646,691.26	XPAR
27-Oct-21	40,588	38.4527	1,560,718.19	XPAR
28-Oct-21	40,812	40.6337	1,658,342.56	XPAR
29-Oct-21	43,255	40.6001	1,756,157.33	XPAR
Total for Period	211,043	39.2687	8,287,385.61

Following the share buybacks detailed above, the Company holds in total 3,827,194 treasury shares, which represents approximately 0.4% 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

• C3049C -- Nov 1 2021 -- Disclosure of transactions in Own Shares_FINAL FOR PUBLICATION

FAQ

What is the purpose of STM's share repurchase program?

STM's share repurchase program aims to enhance shareholder value by reducing the number of shares outstanding.

How many shares did STM repurchase between October 25 and October 29, 2021?

STM repurchased a total of 211,043 shares during that period.

What was the average purchase price of STM shares repurchased?

The average purchase price was EUR 39.2687 per share.

What is the total amount paid for the repurchased shares by STM?

The total amount paid for the repurchased shares was EUR 8,287,385.61.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds a total of 3,827,194 treasury shares.