STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the completion of a common share repurchase program, detailing transactions from February 13 to February 17, 2023. A total of 139,089 shares were repurchased, accounting for 0.02% of its issued share capital, at a weighted average price of EUR 45.8388, for a combined price of EUR 6,375,673.43. This buyback aims to fulfill obligations related to employee share options. Following these transactions, the company holds 8,524,747 treasury shares, representing approximately 0.9% of the total issued capital.

Positive

• Repurchase of 139,089 shares supports shareholder value.
• Total treasury shares now amount to 8,524,747, reflecting strong internal capital management.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 13, 2023 to Feb 17, 2023

AMSTERDAM – February 20, 2023 -- 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 13, 2023 to Feb 17, 2023 (the “Period”), of 139,089 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 45.8388 and for an overall price of EUR 6,375,673.43.

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 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)
2/13/2023	28,268	45.1631	1,276,670.51	XPAR
2/14/2023	27,836	45.6581	1,270,938.87	XPAR
2/15/2023	27,701	45.9712	1,273,448.21	XPAR
2/16/2023	27,346	46.5672	1,273,426.65	XPAR
2/17/2023	27,938	45.8583	1,281,189.19	XPAR
Total for Period	139,089	45.8388	6,375,673.43

Following the share buybacks detailed above, the Company holds in total 8,524,747 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.

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 more than 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 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

• C3159C -- Feb 20 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What was the total amount spent on STM's share buyback from February 13 to February 17, 2023?

STMicroelectronics spent a total of EUR 6,375,673.43 on its share buyback during this period.

How many shares did STM repurchase from February 13 to February 17, 2023?

STMicroelectronics repurchased 139,089 shares during this period.

What is the purpose of STMicroelectronics' share repurchase program?

The share repurchase program is aimed at fulfilling obligations related to employee share option programs.

How does the share buyback impact STM's stock price?

The share buyback is expected to support STM's stock price by reducing the number of shares in circulation, thereby increasing earnings per share.