STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announced the repurchase of 174,866 ordinary shares from January 17 to January 21, 2022, totaling EUR 7,339,265.63. The shares, representing 0.02% of its issued share capital, were acquired at an average price of EUR 41.9708. Following this, the company holds a total of 5,261,362 treasury shares, amounting to approximately 0.6% of its issued capital. The buyback program aims to enhance shareholder value and reflects the company's confidence in its growth prospects.

Positive

• Repurchase of 174,866 shares enhances shareholder value.
• Average buyback price of EUR 41.9708 reflects solid market conditions.
• Company now holds 5,261,362 treasury shares, approximately 0.6% of issued capital.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 17, 2022 to Jan 21, 2022

AMSTERDAM – January 24, 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 Jan 17, 2022 to Jan 21, 2022 (the “Period”), of 174,866 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 41.9708 and for an overall price of EUR 7,339,265.63.

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)
17-Jan-22	34,431	43.4946	1,497,562.57	XPAR
18-Jan-22	33,784	42.9256	1,450,198.47	XPAR
19-Jan-22	34,065	42.0655	1,432,961.26	XPAR
20-Jan-22	35,407	41.2503	1,460,549.37	XPAR
21-Jan-22	37,179	40.2914	1,497,993.96	XPAR
Total for Period	174,866	41.9708	7,339,265.63

Following the share buybacks detailed above, the Company holds in total 5,261,362 treasury shares, which represents approximately 0.6% 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. 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

• C3065C -- Jan 24 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What was the total amount spent on the STM share buyback program?

STMicroelectronics spent EUR 7,339,265.63 on the share buyback program.

How many shares were repurchased by STM from January 17 to January 21, 2022?

A total of 174,866 ordinary shares were repurchased by STM during this period.

What is the average purchase price per share for STM's recent buyback?

The weighted average purchase price per share was EUR 41.9708.

How many treasury shares does STM hold after the buyback?

After the buyback, STM holds a total of 5,261,362 treasury shares, approximately 0.6% of its issued share capital.

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

The share repurchase program aims to enhance shareholder value and demonstrates the company's confidence in its future growth.