STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed its common share repurchase program covering the period from September 27 to October 01, 2021. During this time, the company repurchased 31,587 shares, representing 0.003% of its issued share capital, at an average price of EUR 37.9416, totaling EUR 1,198,462.66. Following these transactions, STMicroelectronics holds 2,963,850 treasury shares, equivalent to approximately 0.3% of its issued share capital, which may enhance shareholder value and support stock price stability.

Positive

• Share repurchase of 31,587 shares at a total of EUR 1,198,462.66 may boost shareholder value.
• Holding 2,963,850 treasury shares could indicate confidence in long-term stock performance.

Negative

• None.

PR N°C3041C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Sep 27, 2021 to Oct 01, 2021

AMSTERDAM – October 04, 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 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 Sep 27, 2021 to Oct 01, 2021 (the “Period”), of 31,587 ordinary shares (equal to 0.003% of its issued share capital) at the weighted average purchase price per share of EUR 37.9416 and for an overall price of EUR 1,198,462.66.

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)
28-Sep-21	18,000	37.9613	683,303.40	XPAR
29-Sep-21	13,587	37.9156	515,159.26	XPAR
Total for Period	31,587	37.9416	1,198,462.66

Following the share buybacks detailed above, the Company holds in total 2,963,850 treasury shares, which represents approximately 0.3% 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/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

Attachment

• C3041C - ST -- Disclosure of transactions in Own Shares PR -- 04 Oct 2021 FINAL FOR PUBLICATION

FAQ

What is the purpose of the STMicroelectronics share repurchase program?

The share repurchase program aims to enhance shareholder value and potentially bolster stock price stability.

How many shares did STMicroelectronics buy back between September 27 and October 01, 2021?

STMicroelectronics repurchased a total of 31,587 ordinary shares during this period.

What was the total expenditure for the recent share buyback by STM?

The total amount spent on the share buyback was EUR 1,198,462.66.

What percentage of STMicroelectronics' issued share capital is held as treasury shares after the buyback?

After the buyback, STMicroelectronics holds approximately 0.3% of its issued share capital as treasury shares.

What was the average purchase price per share during STM's buyback program?

The average purchase price per share during the buyback was EUR 37.9416.