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STMicroelectronics:

STMicroelectronics disclosed details of its common share repurchase program, originally approved on May 31, 2018.

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Rhea-AI Summary

STMicroelectronics disclosed details of its common share repurchase program, originally approved on May 31, 2018. During the period from May 17 to May 21, 2021, the company repurchased 505,232 shares, representing 0.06% of its issued share capital. The total expenditure for these transactions was approximately EUR 14.76 million with an average purchase price of EUR 29.2107 per share. These activities aim to enhance shareholder value.

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Positive

  • Successful repurchase of 505,232 shares, equivalent to 0.06% of issued capital.
  • Total spending of EUR 14.76 million indicates strong cash flow.
  • Share buyback program enhances shareholder value.

Negative

  • None.
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PR N°C3004C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 17, 2021 to May 21, 2021

AMSTERDAM – May 25, 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 May 17, 2021 to May 21, 2021 (the “Period”), of 505,232 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 29.2107 and for an overall price of EUR 14,758,175.17.

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 transactionNumber of share purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
May 17, 2021 101,965 29.0959 2,966,763.44 XPAR
May 18, 2021 101,054 29.2423 2,955,051.38 XPAR
May 19, 2021 102,256 28.7543 2,940,299.70