STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics (STM) has completed a series of share repurchases between March 31, 2025, and April 4, 2025, as part of its buyback program announced on June 21, 2024, and approved by shareholders on May 22, 2024. The company acquired 533,000 ordinary shares (0.06% of issued share capital) at a weighted average price of EUR 19.1716 per share, totaling EUR 10,218,452.40.

The repurchased shares will primarily be used for employee share options and allocations to management bodies. Following these transactions, STM now holds 17,404,448 treasury shares, representing approximately 1.9% of its issued share capital. The purchases were executed on the Euronext Paris regulated market.

Positive

• Strategic share repurchase program demonstrates confidence in company's financial position
• Buyback supports employee retention through share-based compensation programs
• Company maintains strong treasury position with 1.9% of issued share capital

Negative

• Share price declined during buyback period from EUR 19.98 to EUR 17.15
• EUR 10.2 million cash outflow impacts company's liquid assets

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Mar 31, 2025 to Apr 04, 2025

AMSTERDAM – April 07, 2025 -- 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 Mar 31, 2025 to Apr 04, 2025 (the “Period”), of 533,000 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 19.1716 and for an overall price of EUR    10,218,452.40.

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)
31-Mar-25	120,000	19.9775	2,397,300.00	XPAR
1-Apr-25	96,000	20.0791	1,927,593.60	XPAR
2-Apr-25	88,000	19.9210	1,753,048.00	XPAR
3-Apr-25	109,000	19.1012	2,082,030.80	XPAR
4-Apr-25	120,000	17.1540	2,058,480.00	XPAR
Total for Period	533,000	19.1716	10,218,452.40

Following the share buybacks detailed above, the Company holds in total 17,404,448 treasury shares, which represents approximately 1.9% 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 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 on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com.

For further information, please contact:
INVESTOR RELATIONS:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: +33.6.59.16.79.08

alexis.breton@st.com

Attachment

• C3327C -- Apr 7 2025 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

How many shares did STM repurchase between March 31-April 4, 2025?

STM repurchased 533,000 ordinary shares, representing 0.06% of its issued share capital.

What was the total cost of STM's share buyback in April 2025?

The total cost was EUR 10,218,452.40, at a weighted average price of EUR 19.1716 per share.

What is the purpose of STM's share repurchase program?

The shares will be used for employee share options and allocations to management bodies, with flexibility for other lawful purposes under Market Abuse Regulation.

How many treasury shares does STM hold after the April 2025 buyback?

STM holds 17,404,448 treasury shares, approximately 1.9% of its issued share capital.

When was STM's current share buyback program approved?

The program was approved by shareholders on May 22, 2024, and announced on June 21, 2024.