STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announced a share repurchase program, where it bought back 308,846 shares (0.03% of issued capital) from February 7 to February 11, 2022. The average purchase price was EUR 39.8955, totaling EUR 12,321,577.42. Following this action, the company holds 6,093,376 treasury shares, equating to approximately 0.7% of its issued share capital. The program was approved by shareholders on May 27, 2021, and aims to enhance shareholder value.

Positive

• Share buyback program enhances shareholder value.
• Total of 6,093,376 treasury shares represent about 0.7% of issued capital.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 07, 2022 to Feb 11, 2022

AMSTERDAM – February 14, 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 07, 2022 to Feb 11, 2022 (the “Period”), of 308,846 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 39.8955 and for an overall price of EUR 12,321,577.42.

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)
7-Feb-22	61,918	38.8546	2,405,799.12	XPAR
8-Feb-22	61,302	38.9785	2,389,460.01	XPAR
9-Feb-22	61,700	40.6864	2,510,350.88	XPAR
10-Feb-22	62,136	40.7451	2,531,737.53	XPAR
11-Feb-22	61,790	40.2044	2,484,229.88	XPAR
Total for Period	308,846	39.8955	12,321,577.42

Following the share buybacks detailed above, the Company holds in total 6,093,376 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

• C3070C -- Feb 14 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the purpose of STM's share repurchase program?

The share repurchase program aims to enhance shareholder value.

When did STM conduct its recent share buyback?

The recent share buyback occurred from February 7 to February 11, 2022.

How many shares did STM repurchase during the period?

STM repurchased 308,846 shares during the period.

What was the total amount spent on STM's share buyback?

The total amount spent on the share buyback was EUR 12,321,577.42.

What percentage of issued capital does STM's treasury shares represent?

The treasury shares held represent approximately 0.7% of STM's issued capital.