STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has reported on its common share repurchase program, revealing the purchase of 385,662 shares from April 12 to April 16, 2021. This buyback, constituting 0.04% of the company's issued share capital, cost a total of EUR 12,668,607.14 at an average price of EUR 32.8490 per share. Following these transactions, the company now holds 10,513,873 treasury shares, amounting to approximately 1.2% of its issued capital. The stated purpose of this program is to enhance shareholder value and demonstrate confidence in the company's future prospects.
- Share repurchase of 385,662 shares enhances shareholder value.
- Total treasury shares now amount to 10,513,873, representing 1.2% of issued capital.
- Repurchase demonstrates company confidence in future prospects.
- None.
PR N°C2996C
STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Apr 12, 2021 to Apr 16, 2021
AMSTERDAM – April 19, 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 April 12, 2021 to April 16, 2021 (the “Period”), of 385,662 ordinary shares (equal to
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) |
| Apr 12, 2021 | 77,387 | 32.9279 | 2,548,191.40 | XPAR |
| Apr 13, 2021 | 84,152 | 33.0180 | 2,778,530.74 | XPAR |
| Apr 14 2021 | 75,657 | 33.0372 | 2,499,495.44 | XPAR |
| Apr 15, 2021 | 68,420 | 32.8096 | 2,244,832.83 | XPAR |
| Apr 16, 2021 | 80,046 | 32.4508 | 2,597,556.74 | XPAR |
| Total for Period | 385,662 | 32.8490 | 12,668,607.14 |
Following the share buybacks detailed above, the Company holds in total 10,513,873 treasury shares, which represents approximately
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
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