STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has disclosed details of its common share repurchase program, originally approved in May 2018. During the period from March 15 to March 19, 2021, the company repurchased 275,731 ordinary shares, amounting to approximately EUR 8.39 million at an average price of EUR 30.43 per share. Following these buybacks, STMicroelectronics holds a total of 9,822,188 treasury shares, representing about 1.1% of its issued share capital. This program aims to enhance shareholder value and demonstrates the company's confidence in its financial health.
- Repurchased 275,731 shares, totaling EUR 8.39 million, which may increase EPS and shareholder value.
- Total treasury shares held increased to 9,822,188, about 1.1% of issued capital, indicating strong investment confidence.
- None.
PR N°C2991C
STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Mar 15, 2021 to Mar 19, 2021
AMSTERDAM – March 22, 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 November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 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 March 15, 2021 to March 19, 2021 (the “Period”), of 275,731 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) |
| Mar 15, 2021 | 100,273 | 30.1079 | 3,019,009.46 | XPAR |
| Mar 16, 2021 | 98,323 | 30.7203 | 3,020,512.06 | XPAR |
| Mar 17, 2021 | 77,135 | 30.4709 | 2,350,373.47 | XPAR |
| Total for Period | 275,731 | 30.4278 | 8,389,894.98 |
Following the share buybacks detailed above, the Company holds in total 9,822,188 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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