STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics disclosed the status of its common share repurchase program during the period from July 4 to July 8, 2022. The company repurchased 338,379 ordinary shares, amounting to 0.04% of its issued share capital, at a weighted average price of EUR 29.1601, totaling EUR 9,867,162.18. Following these transactions, STMicroelectronics now holds 4,007,098 treasury shares, representing approximately 0.4% of its issued share capital. This buyback is part of their strategy to enhance shareholder value.

Positive

• Share repurchase of 338,379 shares improves shareholder value.
• Repurchase amount totals EUR 9,867,162.18, indicating strong financial management.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jul 04, 2022 to Jul 08, 2022

AMSTERDAM – July 11, 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 04, 2022 to Jul 08, 2022 (the “Period”), of 338,379 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 29.1601 and for an overall price of EUR 9,867,162.18.

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)
04-Jul-22	89,332	28.8949	2,581,239.21	XPAR
05-Jul-22	60,201	28.1715	1,695,952.47	XPAR
06-Jul-22	76,691	28.9627	2,221,178.43	XPAR
07-Jul-22	69,163	29.9411	2,070,816.30	XPAR
08-Jul-22	42,992	30.1911	1,297,975.77	XPAR
Total for Period	338,379	29.1601	9,867,162.18

Following the share buybacks detailed above, the Company holds in total 4,007,098 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 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

• C3103C -- Jul 11 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the total amount spent on the STM share repurchase program from July 4 to July 8, 2022?

The total amount spent on the STM share repurchase program during this period is EUR 9,867,162.18.

How many shares did STM repurchase in the recent buyback program?

STM repurchased a total of 338,379 ordinary shares in the recent buyback program.

What percentage of STM's issued share capital was affected by the recent share repurchase?

The recent share repurchase affected 0.04% of STM's issued share capital.

What is the weighted average purchase price per share for the STM buyback?

The weighted average purchase price per share for the STM buyback was EUR 29.1601.

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

After the recent buyback, STM holds a total of 4,007,098 treasury shares.