STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics announced share repurchases from Nov 04-08, 2024, buying 547,000 ordinary shares (0.06% of issued share capital) at a weighted average price of EUR 24.6638 per share, totaling EUR 13,491,072.70. The buyback, executed on Euronext Paris, aims to meet obligations from share option programs and employee allocations. The company now holds 12,101,356 treasury shares, representing approximately 1.3% of its issued share capital. The program was approved by shareholders on May 22, 2024, and the supervisory board.
STMicroelectronics ha annunciato il riacquisto di azioni dal 4 all'8 novembre 2024, acquistando 547.000 azioni ordinarie (0,06% del capitale azionario emesso) a un prezzo medio ponderato di EUR 24,6638 per azione, per un totale di EUR 13.491.072,70. Il riacquisto, effettuato su Euronext Parigi, ha lo scopo di soddisfare le obbligazioni derivanti dai programmi di opzioni sulle azioni e dalle assegnazioni ai dipendenti. Attualmente, l'azienda detiene 12.101.356 azioni proprie, che rappresentano circa l'1,3% del capitale azionario emesso. Il programma è stato approvato dagli azionisti il 22 maggio 2024 e dal consiglio di sorveglianza.
STMicroelectronics anunció la recompra de acciones del 4 al 8 de noviembre de 2024, comprando 547.000 acciones ordinarias (0,06% del capital social emitido) a un precio promedio ponderado de EUR 24,6638 por acción, totalizando EUR 13.491.072,70. La recompra, ejecutada en Euronext París, tiene como objetivo cumplir con las obligaciones de los programas de opciones sobre acciones y asignaciones a empleados. La empresa ahora posee 12.101.356 acciones propias, lo que representa aproximadamente el 1,3% de su capital social emitido. El programa fue aprobado por los accionistas el 22 de mayo de 2024 y por el consejo de supervisión.
STMicroelectronics는 2024년 11월 4일부터 8일 사이에 547,000주 보통주 (발행 주식 자본의 0.06%)를 EUR 24.6638의 가중 평균 가격으로 매입하여 총 EUR 13,491,072.70에 달하는 자사주 매입을 발표했습니다. 이 매입은 Euronext 파리에서 실행되었으며, 주식 옵션 프로그램 및 직원 할당에 대한 의무를 이행하기 위한 것입니다. 현재 회사는 12,101,356주 자사주를 보유하고 있으며, 이는 발행 주식 자본의 약 1.3%에 해당합니다. 이 프로그램은 2024년 5월 22일 주주와 감독 위원회의 승인을 받았습니다.
STMicroelectronics a annoncé des rachats d'actions du 4 au 8 novembre 2024, acquérant 547.000 actions ordinaires (0,06 % du capital social émis) à un prix moyen pondéré de EUR 24,6638 par action, représentant un total de EUR 13.491.072,70. Le rachat, réalisé sur Euronext Paris, vise à répondre aux obligations des programmes d'options sur actions et des allocations aux employés. L'entreprise détient désormais 12.101.356 actions propres, ce qui représente environ 1,3 % de son capital social émis. Le programme a été approuvé par les actionnaires le 22 mai 2024 et par le conseil de surveillance.
STMicroelectronics gab bekannt, dass vom 4. bis 8. November 2024 547.000 Stammaktien (0,06 % des ausgegebenen Grundkapitals) zu einem gewogenen Durchschnittspreis von EUR 24,6638 pro Aktie zurückgekauft wurden, was insgesamt EUR 13.491.072,70 ergibt. Der Rückkauf wurde an der Euronext Paris durchgeführt und dient der Erfüllung von Verpflichtungen aus Aktienoptionsprogrammen und Mitarbeiterzuweisungen. Das Unternehmen hält nun 12.101.356 eigene Aktien, die etwa 1,3 % des ausgegebenen Grundkapitals darstellen. Das Programm wurde am 22. Mai 2024 von den Aktionären und dem Aufsichtsrat genehmigt.
- Implementing share buyback program to support employee stock options and compensation
- Company has strong cash position to execute EUR 13.5M share repurchase
- Treasury shares position increased to 1.3% of issued share capital
- None.
Insights
STMicroelectronics' share repurchase program demonstrates active capital management, with the company buying back
The treasury position now stands at
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Nov 04, 2024 to Nov 08, 2024
AMSTERDAM – November 11, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Nov 04, 2024 to Nov 08, 2024 (the “Period”), of 547,000 ordinary shares (equal to
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.
The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (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) |
| 4-Nov-24 | 124,000 | 24.4036 | 3,026,046.40 | XPAR |
| 5-Nov-24 | 120,000 | 24.2651 | 2,911,812.00 | XPAR |
| 6-Nov-24 | 123,000 | 24.9941 | 3,074,274.30 | XPAR |
| 7-Nov-24 | 80,000 | 25.1215 | 2,009,720.00 | XPAR |
| 8-Nov-24 | 100,000 | 24.6922 | 2,469,220.00 | XPAR |
| Total for Period | 547,000 | 24.6638 | 13,491,072.70 |
Following the share buybacks detailed above, the Company holds in total 12,101,356 treasury shares, which represents approximately
In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).
About STMicroelectronics
At ST, we are over 50,000 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 cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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
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