STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has completed a share repurchase program from Nov 18-22, 2024, acquiring 468,800 ordinary shares (0.05% of issued share capital) at a weighted average price of EUR 23.2951 per share, totaling EUR 10.92 million. The buyback aims to meet obligations from share option programs and employee allocations. Following these transactions, STM holds 13,045,041 treasury shares, representing approximately 1.4% of its issued share capital. The purchases were executed on Euronext Paris following shareholder approval from May 22, 2024.
STMicroelectronics ha completato un programma di riacquisto di azioni dal 18 al 22 novembre 2024, acquisendo 468.800 azioni ordinarie (0,05% del capitale sociale emesso) ad un prezzo medio ponderato di EUR 23,2951 per azione, per un totale di EUR 10,92 milioni. Il riacquisto ha lo scopo di soddisfare le obbligazioni derivanti dai programmi di opzioni su azioni e dalle allocazioni ai dipendenti. Dopo queste operazioni, STM detiene 13.045.041 azioni proprie, corrispondenti a circa l'1,4% del capitale sociale emesso. Gli acquisti sono stati eseguiti su Euronext Parigi, dopo l'approvazione degli azionisti del 22 maggio 2024.
STMicroelectronics ha completado un programa de recompra de acciones del 18 al 22 de noviembre de 2024, adquiriendo 468.800 acciones ordinarias (0,05% del capital social emitido) a un precio medio ponderado de EUR 23,2951 por acción, totalizando EUR 10,92 millones. La recompra tiene como objetivo cumplir con las obligaciones derivadas de los programas de opciones sobre acciones y las asignaciones a empleados. Tras estas transacciones, STM posee 13.045.041 acciones en tesorería, que representan aproximadamente el 1,4% de su capital social emitido. Las compras se realizaron en Euronext París tras la aprobación de los accionistas el 22 de mayo de 2024.
STMicroelectronics는 2024년 11월 18일부터 22일까지 주식 매입 프로그램을 완료하여 468,800주 보통주 (발행된 자본의 0.05%)를 EUR 23.2951의 가중 평균 가격으로 매입하여 총 EUR 10.92 백만을 달성했습니다. 이 매입은 주식 옵션 프로그램과 직원 배정 의무를 충족하기 위한 것입니다. 이러한 거래 후, STM은 13,045,041주의 자사주를 보유하고 있으며 이는 발행된 자본의 약 1.4%에 해당합니다. 매입은 2024년 5월 22일 주주 승인 후 Euronext 파리에서 실행되었습니다.
STMicroelectronics a achevé un programme de rachat d'actions du 18 au 22 novembre 2024, acquérant 468 800 actions ordinaires (0,05 % du capital social émis) à un prix moyen pondéré de EUR 23,2951 par action, totalisant EUR 10,92 millions. Ce rachat vise à répondre aux obligations liées aux programmes d'options sur actions et aux attributions aux employés. Suite à ces transactions, STM détient 13 045 041 actions propres, représentant environ 1,4 % de son capital social émis. Les achats ont été effectués sur Euronext Paris après approbation des actionnaires le 22 mai 2024.
STMicroelectronics hat ein Aktienrückkaufprogramm vom 18. bis 22. November 2024 abgeschlossen und 468.800 Stammaktien (0,05 % des ausgegebenen Kapitals) zu einem gewichteten Durchschnittspreis von EUR 23,2951 pro Aktie erworben, insgesamt EUR 10,92 Millionen. Der Rückkauf zielt darauf ab, Verpflichtungen aus Aktienoptionsprogrammen und Mitarbeiterzuweisungen zu erfüllen. Nach diesen Transaktionen hält STM 13.045.041 eigene Aktien, was etwa 1,4 % des ausgegebenen Kapitals entspricht. Die Käufe wurden an Euronext Paris nach der Genehmigung durch die Aktionäre am 22. Mai 2024 durchgeführt.
- Strategic share buyback program executed to support employee stock options and share allocations
- Company maintains strong cash position enabling share repurchases
- Treasury shares provide flexibility for future employee compensation programs
- Cash outflow of EUR 10.92 million reduces available capital for other investments
- Potential dilution when treasury shares are distributed through employee programs
Insights
STMicroelectronics' latest share repurchase update reveals strategic capital allocation, with the company buying back 468,800 shares at an average price of
The primary purpose of allocating shares for employee stock options and management compensation aligns with industry practices for talent retention. The declining daily purchase price from
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Nov 18, 2024 to Nov 22, 2024
AMSTERDAM – November 25, 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 18, 2024 to Nov 22, 2024 (the “Period”), of 468,800 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) |
| 18-Nov-24 | 106,500 | 23.8398 | 2,538,938.70 | XPAR |
| 19-Nov-24 | 89,500 | 23.2365 | 2,079,666.75 | XPAR |
| 20-Nov-24 | 90,800 | 23.1068 | 2,098,097.44 | XPAR |
| 21-Nov-24 | 91,000 | 22.8518 | 2,079,513.80 | XPAR |
| 22-Nov-24 | 91,000 | 23.3463 | 2,124,513.30 | XPAR |
| Total for Period | 468,800 | 23.2951 | 10,920,729.99 |
Following the share buybacks detailed above, the Company holds in total 13,045,041 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:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
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FAQ
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