STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported significant details regarding its common share repurchase program that ran from July 18 to July 22, 2022. During this period, the company repurchased 194,835 shares, which is 0.02% of its issued capital, for a total of EUR 6,472,890.30 at an average price of EUR 33.2224 per share. Post-repurchase, STMicroelectronics holds a total of 4,412,395 treasury shares, representing around 0.5% of its issued capital. This reflects the company's commitment to enhancing shareholder value.

Positive

• Repurchased 194,835 shares, enhancing shareholder value.
• Total repurchase amount of EUR 6,472,890.30 signals strong financial confidence.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from July 18, 2022 to July 22, 2022

AMSTERDAM – July 25, 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 Jul 18, 2022 to Jul 22, 2022 (the “Period”), of 194,835 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 33.2224 and for an overall price of EUR 6,472,890.30.

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 shares purchased	Weighted average purchase price per share (EUR)	Total amount paid (EUR)	Market on which the shares were bought (MIC code)
18-Jul-22	40,283	32.4028	1,305,281.99	XPAR
19-Jul-22	40,203	32.2841	1,297,917.67	XPAR
20-Jul-22	38,613	33.3452	1,287,558.21	XPAR
21-Jul-22	37,899	34.0425	1,290,176.71	XPAR
22-Jul-22	37,837	34.1453	1,291,955.72	XPAR
Total for Period	194,835	33.2224	6,472,890.30

Following the share buybacks detailed above, the Company holds in total 4,412,395 treasury shares, which represents approximately 0.5% 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 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

Attachment

• C3107C -- 25 Jul 2022 -- Disclosure of transactions in Own Shares PR -- FINAL FOR PUBLICATION

FAQ

What was the total amount spent on the STM share repurchase program from July 18 to July 22, 2022?

STMicroelectronics spent a total of EUR 6,472,890.30 on its share repurchase program during that period.

How many shares did STM repurchase in July 2022?

STMicroelectronics repurchased a total of 194,835 ordinary shares from July 18 to July 22, 2022.

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

The program aims to enhance shareholder value by reducing the number of shares in circulation.

What percentage of STM's issued capital is represented by the repurchased shares?

The repurchased shares represent approximately 0.02% of STM's issued capital.

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

After the recent buyback, STMicroelectronics holds a total of 4,412,395 treasury shares, which is about 0.5% of its issued capital.