STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics reported on its common share repurchase program, detailing transactions from August 9 to August 13, 2021. During this period, 198,835 ordinary shares were repurchased, representing 0.02% of its issued share capital, for a total of EUR 7,246,276.76 at an average price of EUR 36.4437 per share. Following these transactions, the company retains 8,223,352 treasury shares, equivalent to approximately 0.9% of its issued share capital. This buyback aligns with the company's strategy to enhance shareholder value.
- Share buyback of 198,835 shares increases shareholder value.
- Total treasury shares now at 8,223,352, indicating strong financial management.
- None.
STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 09, 2021 to Aug 13, 2021
AMSTERDAM – August 16, 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 August 09, 2021 to August 13, 2021 (the “Period”), of 198,835 ordinary shares (equal to
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) |
| 09-Aug-21 | 58,835 | 36.3869 | 2,140,823.26 | XPAR |
| 10-Aug-21 | 35,000 | 36.6290 | 1,282,015.00 | XPAR |
| 11-Aug-21 | 35,000 | 36.3765 | 1,273,177.50 | XPAR |
| 12-Aug-21 | 35,000 | 36.4581 | 1,276,033.50 | XPAR |
| 13-Aug-21 | 35,000 | 36.4065 | 1,274,227.50 | XPAR |
| Total for Period | 198,835 | 36.4437 | 7,246,276.76 |
Following the share buybacks detailed above, the Company holds in total 8,223,352 treasury shares, which represents approximately
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
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