STMicroelectronics: STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics announced the repurchase of 223,519 ordinary shares from July 1 to July 5, 2024, as part of its common share repurchase program. The shares were bought at a weighted average price of EUR 37.5385, totaling EUR 8,390,567.52. This program, approved in May 2024, aims to meet obligations arising from debt financial instruments exchangeable into equity. The shares may be held in treasury or used for other lawful purposes. As of July 8, 2024, STMicroelectronics holds 8,274,817 treasury shares, representing about 0.9% of its issued share capital.
- Repurchased 223,519 shares at EUR 8,390,567.52, showing strong cash flow.
- Holding 8,274,817 treasury shares, representing 0.9% of issued share capital, reflecting confidence in stock value.
- None.
PR N°C3270C
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Jul 01, 2024 to Jul 05, 2024
AMSTERDAM – July 8, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jul 01, 2024 to Jul 05, 2024 (the “Period”), of 223,519 ordinary shares (equal to
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.
Transactions in Period
Dates of transaction | Number of shares purchased | Weighted average purchase price per share (EUR) | Total amount paid (EUR) | Market on which the shares were bought (MIC code) |
1-Jul-24 | 59,586 | 36.8332 | 2,194,743.06 | XPAR |
2-Jul-24 | 45,616 | 36.3666 | 1,658,898.83 | XPAR |
3-Jul-24 | 42,782 | 37.8856 | 1,620,821.74 | XPAR |
4-Jul-24 | 37,592 | 38.1961 | 1,435,867.79 | XPAR |
5-Jul-24 | 37,943 | 39.0121 | 1,480,236.11 | XPAR |
Total for Period | 223,519 | 37.5385 | 8,390,567.52 |
Following the share buybacks detailed above, the Company holds in total 8,274,817 treasury shares, which represents approximately
In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).
About STMicroelectronics
At ST, we are over 50,000 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 cloud-connected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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
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FAQ
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