STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics announced the status of its share repurchase program, revealing that 153,093 ordinary shares were bought back between January 3 and January 7, 2022. The total expenditure amounted to EUR 6,705,314.10, with an average purchase price of EUR 43.7990 per share, representing 0.02% of its issued capital. Following these transactions, STMicroelectronics holds a total of 4,911,956 treasury shares, equating to approximately 0.5% of its issued share capital. These actions support the company’s strategy to enhance shareholder value.

Positive

• Share repurchase program enhances shareholder value.
• Total shares held in treasury increased to 4,911,956.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 03, 2022 to Jan 07, 2022

AMSTERDAM – January 10, 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 Jan 03, 2022 to Jan 07, 2022 (the “Period”), of 153,093 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 43.7990 and for an overall price of EUR 6,705,314.10.

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)
3-Jan-22	32,272	43.7392	1,411,551.46	XPAR
4-Jan-22	31,237	44.0812	1,376,964.44	XPAR
5-Jan-22	30,338	43.6614	1,324,599.55	XPAR
6-Jan-22	29,382	42.6389	1,252,816.16	XPAR
7-Jan-22	29,864	44.8494	1,339,382.48	XPAR
Total for Period	153,093	43.7990	6,705,314.10

Following the share buybacks detailed above, the Company holds in total 4,911,956 treasury shares, which represents approximately 0.5% 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. 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

• C3061C -- Jan 10 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the amount of shares repurchased by STMicroelectronics between January 3 and January 7, 2022?

STMicroelectronics repurchased 153,093 ordinary shares during this period.

What was the total amount spent on the share buyback by STMicroelectronics?

The total amount spent on the share buyback was EUR 6,705,314.10.

What was the average purchase price per share during the buyback?

The average purchase price per share was EUR 43.7990.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds a total of 4,911,956 treasury shares.

What percentage of STMicroelectronics' issued share capital is held in treasury shares?

The treasury shares represent approximately 0.5% of STMicroelectronics' issued share capital.