STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has disclosed details of its ongoing common share repurchase program, approved in 2018. From June 7 to June 11, 2021, the company repurchased 359,486 shares, representing 0.04% of its issued capital, at an average price of EUR 30.5081, totaling EUR 10,967,244.90. Following these transactions, STMicroelectronics now holds 12,465,956 treasury shares, approximately 1.4% of issued capital. This share buyback aims to enhance shareholder value and signal confidence in the company's future performance.

Positive

• Repurchased 359,486 shares, enhancing shareholder value.
• Average purchase price of EUR 30.5081, maintaining capital efficiency.
• Accumulated treasury shares now total 12,465,956 (1.4% of issued capital).

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jun 07, 2021 to Jun 11, 2021

AMSTERDAM – Jun 14, 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 November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 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 Jun 07, 2021 to Jun 11, 2021 (the “Period”), of 359,486 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 30.5081 and for an overall price of EUR 10,967,244.90.

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)
Jun 07, 2021	97,566	30.3552	2,961,635.44	XPAR
Jun 08, 2021	97,395	30.3289	2,953,883.22	XPAR
Jun 09, 2021	91,482	30.4365	2,784,391.89	XPAR
Jun 10, 2021	71,060	31.0318	2,205,119.71	XPAR
Jun 11, 2021	1,983	31.3740	62,214.64	XPAR
Total for Period	359,486	30.5081	10,967,244.90

Following the share buybacks detailed above, the Company holds in total 12,465,956 treasury shares, which represents approximately 1.4% 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

• C3010C -- ST -- Disclosure of transactions in Own Shares PR -- 14 Jun 2021

FAQ

What is the total amount spent on the STM share buyback from June 7 to June 11, 2021?

STMicroelectronics spent a total of EUR 10,967,244.90 on the share buyback during the specified period.

How many shares did STMicroelectronics repurchase between June 7 and June 11, 2021?

During this period, STMicroelectronics repurchased a total of 359,486 ordinary shares.

What percentage of the issued share capital does STMicroelectronics hold as treasury shares after the buyback?

After the buyback, STMicroelectronics holds approximately 1.4% of its issued share capital in treasury shares.

What is the purpose of STMicroelectronics' common share repurchase program?

The purpose of the repurchase program is to enhance shareholder value and demonstrate confidence in the company's future performance.