STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics (STM) announced the execution of its common share repurchase program from January 24 to January 28, 2022. During this period, the company repurchased 227,742 shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 39.8727, totaling EUR 9,080,681.92.

Following these transactions, STMicroelectronics holds a total of 5,489,104 treasury shares, which is approximately 0.6% of its issued share capital.

Positive

• Share repurchase indicates confidence in the company's financial health and long-term strategy.
• Reduction in total shares outstanding may enhance shareholder value and potentially increase EPS.

Negative

• Repurchases could indicate a lack of investment opportunities, raising concerns about future growth.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 24, 2022 to Jan 28, 2022

AMSTERDAM – January 31, 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 24, 2022 to Jan 28, 2022 (the “Period”), of 227,742 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 39.8727 and for an overall price of EUR 9,080,681.92.

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)
1/24/2022	40,146	39.2985	1,577,677.58	XPAR
1/25/2022	42,860	38.9802	1,670,691.37	XPAR
1/26/2022	45,261	39.7603	1,799,590.94	XPAR
1/27/2022	47,251	41.3223	1,952,520.00	XPAR
1/28/2022	52,224	39.8323	2,080,202.04	XPAR
Total for Period	227,742	39.8727	9,080,681.92

Following the share buybacks detailed above, the Company holds in total 5,489,104 treasury shares, which represents approximately 0.6% 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/investor-relations/share-buyback).

About STMicroelectronics
At ST, we are 48,000 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 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 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

• C3067C -- Jan 31 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION_AMENDED

FAQ

What is the recent share buyback amount for STM?

STMicroelectronics repurchased a total of EUR 9,080,681.92 in shares during the period from January 24 to January 28, 2022.

How many shares did STM repurchase in January 2022?

The company repurchased 227,742 ordinary shares between January 24 and January 28, 2022.

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

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

How does the share buyback affect STM's stock price?

The reduction of shares outstanding can lead to increased EPS and potentially raise the stock price due to improved financial metrics.