STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics has provided an update on its common share repurchase program, originally announced on July 1, 2021. Over the period from June 6, 2022 to June 10, 2022, the company repurchased 93,439 ordinary shares at an average price of EUR 35.7598, totaling EUR 3,341,359.30. This buyback represents 0.01% of STMicroelectronics' issued share capital. Following these transactions, the company holds a total of 5,195,531 treasury shares, about 0.6% of its issued capital.

Positive

• Repurchase of 93,439 shares indicates commitment to shareholder value.
• Total treasury shares increase to 5,195,531, reflecting buyback confidence.
• Average repurchase price of EUR 35.7598 is competitive in current market.

Negative

• None.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jun 06, 2022 to Jun 10, 2022

AMSTERDAM – June 13, 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 Jun 06, 2022 to Jun 10, 2022 (the “Period”), of 93,439 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 35.7598 and for an overall price of EUR 3,341,359.30.

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)
08-Jun-22	9,184	36.7294	337,322.81	XPAR
09-Jun-22	43,428	36.1000	1,567,750.80	XPAR
10-Jun-22	40,827	35.1798	1,436,285.69	XPAR
Total for Period	93,439	35.7598	3,341,359.30

Following the share buybacks detailed above, the Company holds in total 5,195,531 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/buyback-program).

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 integrated 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 connectivity. 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

• C3097C -- Jun 13 2022 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

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

The share repurchase program aims to enhance shareholder value and provide flexibility in capital management.

How many shares did STM repurchase between June 6 and June 10, 2022?

STM repurchased a total of 93,439 ordinary shares during this period.

What was the total cost of STM's share buyback in June 2022?

The total cost of the share buyback was EUR 3,341,359.30.

What is the impact of STM's buyback on its treasury shares?

Following the buyback, STM's total treasury shares increased to 5,195,531, representing about 0.6% of its issued capital.