STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the details of its common share repurchase program for the period from February 14 to February 18, 2022. During this period, the company repurchased 315,568 shares at an average price of EUR 39.2258, totaling approximately EUR 12.38 million. This buyback represents 0.03% of the issued share capital. Following these transactions, STMicroelectronics now holds 6,408,944 treasury shares, amounting to 0.7% of its issued capital, contributing to increased shareholder value.

Positive

• Repurchased 315,568 shares during the period, indicating robust capital allocation.
• Total buyback amount of EUR 12.38 million enhances shareholder value.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 14, 2022 to Feb 18, 2022

AMSTERDAM – February 21, 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 Feb 14, 2022 to Feb 18, 2022 (the “Period”), of 315,568 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 39.2258 and for an overall price of EUR 12,378,408.65.

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)
14-Feb-22	61,835	38.7208	2,394,300.67	XPAR
15-Feb-22	63,533	39.2776	2,495,423.76	XPAR
16-Feb-22	64,336	39.9279	2,568,801.37	XPAR
17-Feb-22	63,151	39.4985	2,494,369.77	XPAR
18-Feb-22	62,713	38.6764	2,425,513.07	XPAR
Total for Period	315,568	39.2258	12,378,408.65

Following the share buybacks detailed above, the Company holds in total 6,408,944 treasury shares, which represents approximately 0.7% 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/investor-relations/share-buyback).

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 independent 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 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

• C3071C -- Feb 21 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the purpose of STMicroelectronics' share repurchase program?

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

How much did STMicroelectronics spend on its recent share buyback?

STMicroelectronics spent approximately EUR 12.38 million on the recent share buyback.

What percentage of its issued share capital did STMicroelectronics repurchase?

STMicroelectronics repurchased approximately 0.03% of its issued share capital during the specified period.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds a total of 6,408,944 treasury shares, which is approximately 0.7% of its issued share capital.

What was the average purchase price for the shares repurchased by STMicroelectronics?

The weighted average purchase price for the shares repurchased was EUR 39.2258.