STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) has announced the status of its common share repurchase program for the period from July 15 to July 19, 2024. The company repurchased 254,850 ordinary shares, representing 0.03% of its issued share capital, at a weighted average purchase price of €38.2047 per share. The total cost of the buyback was €9,736,472.80.
The purpose of these transactions is to meet obligations arising from share option programs or other share allocations to employees or company bodies. Following these buybacks, STMicroelectronics now holds 8,767,667 treasury shares, approximately 1.0% of its issued share capital.
STMicroelectronics (STM) ha annunciato lo stato del suo programma di riacquisto di azioni ordinarie per il periodo dal 15 al 19 luglio 2024. L'azienda ha riacquistato 254.850 azioni ordinarie, che rappresentano lo 0,03% del suo capitale sociale emesso, a un prezzo medio ponderato di acquisto di €38,2047 per azione. Il costo totale del riacquisto è stato di €9.736.472,80.
Lo scopo di queste transazioni è soddisfare gli obblighi derivanti da programmi di opzioni su azioni o altre assegnazioni di azioni a dipendenti o organi aziendali. Dopo questi riacquisti, STMicroelectronics detiene ora 8.767.667 azioni proprie, circa l'1,0% del suo capitale sociale emesso.
STMicroelectronics (STM) ha anunciado el estado de su programa de recompra de acciones comunes para el período del 15 al 19 de julio de 2024. La empresa ha recomprado 254,850 acciones ordinarias, que representan el 0,03% de su capital social emitido, a un precio promedio ponderado de compra de €38,2047 por acción. El costo total de la recompra fue de €9,736,472.80.
El propósito de estas transacciones es cumplir con las obligaciones derivadas de programas de opciones sobre acciones u otras asignaciones de acciones a empleados u órganos de la empresa. Después de estas recompras, STMicroelectronics posee 8,767,667 acciones en tesorería, aproximadamente el 1,0% de su capital social emitido.
STMicroelectronics (STM)는 2024년 7월 15일부터 7월 19일까지의 보통주 매입 프로그램 상태를 발표했습니다. 회사는 254,850주의 보통주를 매입했으며, 이는 발행 주식 자본의 0.03%에 해당하며, 주당 €38.2047의 가중 평균 매입가로 매입되었습니다. 총 매입 비용은 €9,736,472.80였습니다.
이 거래의 목적은 주식 옵션 프로그램이나 직원 또는 회사 기관에 대한 기타 주식 할당으로부터 발생하는 의무를 충족하기 위함입니다. 이러한 매입 이후, STMicroelectronics는 현재 8,767,667주의 자사주를 보유하고 있으며, 이는 발행 주식 자본의 약 1.0%에 해당합니다.
STMicroelectronics (STM) a annoncé l'état de son programme de rachat d'actions ordinaires pour la période du 15 au 19 juillet 2024. L'entreprise a racheté 254.850 actions ordinaires, représentant 0,03 % de son capital social émis, à un prix d'achat moyen pondéré de 38,2047 € par action. Le coût total du rachat s'élevait à 9 736 472,80 €.
L'objectif de ces transactions est de répondre aux obligations découlant des programmes d'options sur actions ou d'autres attributions d'actions aux employés ou aux organes de l'entreprise. Suite à ces rachats, STMicroelectronics détient désormais 8 767 667 actions propres, soit environ 1,0 % de son capital social émis.
STMicroelectronics (STM) hat den Status seines Programms zum Rückkauf von Stammaktien für den Zeitraum vom 15. bis 19. Juli 2024 bekannt gegeben. Das Unternehmen hat 254.850 Stammaktien zurückgekauft, was 0,03 % des ausgegebenen Aktienkapitals entspricht, zu einem gewichteten durchschnittlichen Kaufpreis von €38,2047 pro Aktie. Die Gesamtkosten des Rückkaufs betrugen €9.736.472,80.
Zweck dieser Transaktionen ist es, Verpflichtungen aus Aktienoptionsprogrammen oder anderen Aktienzuweisungen an Mitarbeiter oder Unternehmensorgane zu erfüllen. Nach diesen Rückkäufen hält STMicroelectronics nun 8.767.667 eigene Aktien, was etwa 1,0 % des ausgegebenen Aktienkapitals entspricht.
- Repurchased 254,850 shares, potentially increasing shareholder value
- Buyback program demonstrates confidence in company's financial position
- Shares can be used for employee incentive programs, aligning staff interests with shareholders
- Spent €9,736,472.80 on share repurchases, reducing available cash for other investments
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Jul 15, 2024 to Jul 19, 2024
AMSTERDAM – July 22, 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 Jul 15, 2024 to Jul 19, 2024 (the “Period”), of 254,850 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) |
| 15-Jul-24 | 41,650 | 38.9959 | 1,624,179.24 | XPAR |
| 16-Jul-24 | 45,850 | 38.6899 | 1,773,931.92 | XPAR |
| 17-Jul-24 | 50,200 | 38.3466 | 1,924,999.32 | XPAR |
| 18-Jul-24 | 49,850 | 38.1915 | 1,903,846.28 | XPAR |
| 19-Jul-24 | 67,300 | 37.2885 | 2,509,516.05 | XPAR |
| Total for Period | 254,850 | 38.2047 | 9,736,472.80 |
Following the share buybacks detailed above, the Company holds in total 8,767,667 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:
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
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