STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has disclosed its share repurchase program details for the period from September 20 to September 24, 2021. A total of 25,000 shares were acquired at a weighted average price of EUR 39.4011, amounting to EUR 985,027.50. This repurchase represents 0.003% of the issued share capital, bringing the total treasury shares held to 2,932,263 or approximately 0.3% of issued capital. The program aims to enhance shareholder value and is part of a broader strategy approved by shareholders.
- Share repurchase program aims to enhance shareholder value.
- Total treasury shares increased to 2,932,263, representing approximately 0.3% of issued capital.
- Repurchase executed at a weighted average price of EUR 39.4011, which may positively impact future EPS.
- None.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Sep 20, 2021 to Sep 24, 2021
AMSTERDAM – September 27, 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 Sep 20, 2021 to Sep 24, 2021 (the “Period”), of 25,000 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) |
| 24-Sep-21 | 25,000 | 39.4011 | 985,027.50 | XPAR |
| Total for Period | 25,000 | 39.4011 | 985,027.50 |
Following the share buybacks detailed above, the Company holds in total 2,932,263 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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