STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has announced the progress of its common share repurchase program for the period from February 6 to February 10, 2023. During this time, the company bought back 139,770 ordinary shares, which is 0.02% of its issued share capital, for a total of EUR 6,347,660.54 at a weighted average price of EUR 45.4150 per share. The repurchase aims to fulfill obligations related to employee share option programs. Following these transactions, STMicroelectronics now holds 8,385,658 treasury shares, approximately 0.9% of its issued share capital.

Positive

• Repurchase of 139,770 shares enhances shareholder value.
• Total treasury shares now at 8,385,658, indicating strong buyback activity.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 06, 2023 to Feb 10, 2023

AMSTERDAM – February 13, 2023 -- 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 Feb 06, 2023 to Feb 10, 2023 (the “Period”), of 139,770 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 45.4150 and for an overall price of EUR 6,347,660.54.

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 STM (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)
2/6/2023	28,211	44.8724	1,265,895.28	XPAR
2/7/2023	28,162	45.1811	1,272,390.14	XPAR
2/8/2023	27,741	45.7337	1,268,698.57	XPAR
2/9/2023	27,573	46.0909	1,270,864.39	XPAR
2/10/2023	28,083	45.2164	1,269,812.16	XPAR
Total for Period	139,770	45.4150	6,347,660.54

Following the share buybacks detailed above, the Company holds in total 8,385,658 treasury shares, which represents approximately 0.9% 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 more than 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 the Internet of Things and connectivity. 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

• C3157C -- Feb 13 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What is the purpose of STMicroelectronics' share repurchase program?

The share repurchase program aims to meet obligations arising from employee share option programs and other allocations of shares.

How many shares did STMicroelectronics repurchase from February 6 to February 10, 2023?

STMicroelectronics repurchased a total of 139,770 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 6,347,660.54.

What is the weighted average price per share for the buyback conducted by STMicroelectronics?

The weighted average purchase price per share for the buyback was EUR 45.4150.

How many treasury shares does STMicroelectronics hold after the buyback?

After the buyback, STMicroelectronics holds a total of 8,385,658 treasury shares, which is approximately 0.9% of its issued share capital.