STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has reported its common share repurchase program from July 5 to July 9, 2021, acquiring a total of 237,417 shares, representing 0.03% of its issued share capital. The total expenditure for these repurchases amounted to EUR 7,497,910.35, with a weighted average purchase price per share of EUR 31.5812. Following these transactions, the company holds 8,230,124 treasury shares, approximately 0.9% of its issued share capital. This underscores STM's commitment to enhancing shareholder value.

Positive

• Repurchased 237,417 shares, enhancing shareholder value.
• Total buyback amount reached EUR 7,497,910.35.
• Current treasury shares held: 8,230,124 (0.9% of issued capital).

Negative

• None.

PR N°C3018C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jul 05, 2021 to Jul 09, 2021

AMSTERDAM – Jul 12, 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 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 Jul 05, 2021 to Jul 09, 2021 (the “Period”), of 237,417 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 31.5812 and for an overall price of EUR 7,497,910.35.

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)
Jul 05, 2021	47,000	31.6896	1,489,411.20	XPAR
Jul 06, 2021	46,440	31.7227	1,473,202.19	XPAR
Jul 07, 2021	46,816	31.9617	1,496,318.95	XPAR
Jul 08, 2021	47,822	30.8871	1,477,082.90	XPAR
Jul 09, 2021	49,339	31.6564	1,561,895.12	XPAR
Total for Period	237,417	31.5812	7,497,910.35

Following the share buybacks detailed above, the Company holds in total 8,230,124 treasury shares, which represents approximately 0.9% 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

• C3018C -- ST -- Disclosure of transactions in Own Shares PR -- 12 Jul 2021 FINAL FOR PUBLICATION

FAQ

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

The common share repurchase program aims to enhance shareholder value by reducing the number of shares in circulation.

How many shares did STM repurchase from July 5 to July 9, 2021?

STMicroelectronics repurchased a total of 237,417 shares during this period.

What was the total amount spent by STM on share repurchases?

The total amount spent by STM on share repurchases during this period was EUR 7,497,910.35.

What is the current number of treasury shares held by STM?

STMicroelectronics currently holds 8,230,124 treasury shares, which is approximately 0.9% of its issued share capital.

What was the weighted average purchase price per share for STM in the recent buyback?

The weighted average purchase price per share was EUR 31.5812.