STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics reported on its common share repurchase program, disclosing transactions from May 10 to May 14, 2021. A total of 559,156 shares were bought back, representing 0.06% of its issued share capital, at a weighted average price of EUR 29.2543, totaling EUR 16,357,699.36. Following these transactions, the company now holds 12,286,836 treasury shares, about 1.3% of its capital. These buybacks aim to enhance shareholder value and demonstrate confidence in future performance.

Positive

• Share repurchase of 559,156 shares enhances shareholder value.
• Total buyback of EUR 16,357,699.36 reflects strong capital management.
• Total of 12,286,836 treasury shares indicates confidence in future performance.

Negative

• None.

PR N°C3002C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 10, 2021 to May 14, 2021

AMSTERDAM – May 17, 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 November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 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 May 10, 2021 to May 14, 2021 (the “Period”), of 559,156 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 29.2543 and for an overall price of EUR 16,357,699.36.

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)
May 10, 2021	97,145	30.4817	2,961,144.75	XPAR
May 11, 2021	101,868	29.1175	2,966,141.49	XPAR
May 12, 2021	102,611	28.9270	2,968,228.40	XPAR
May 13, 2021	128,829	28.8885	3,721,676.57	XPAR
May 14, 2021	128,703	29.0631	3,740,508.16	XPAR
Total for Period	559,156	29.2543	16,357,699.36

Following the share buybacks detailed above, the Company holds in total 12,286,836 treasury shares, which represents approximately 1.3% 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

• ST --C3002C - Disclosure of transactions in Own Shares PR -- 17 May 2021

FAQ

What was the total amount spent on STM's share repurchase program from May 10 to May 14, 2021?

STMicroelectronics spent a total of EUR 16,357,699.36 on its share repurchase program during this period.

How many shares did STM buy back in the recent repurchase program?

STMicroelectronics repurchased 559,156 ordinary shares.

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

The program aims to enhance shareholder value and reflects the company's confidence in its future performance.

What percentage of STM's issued share capital is represented by the repurchased shares?

The repurchased shares equate to approximately 0.06% of STM's issued share capital.

How many treasury shares does STM hold after the latest repurchase?

After the latest share repurchase, STM holds a total of 12,286,836 treasury shares, representing about 1.3% of its issued share capital.