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STMicroelectronics Announces Status of Common Share Repurchase Program

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STMicroelectronics announces the status of its common share repurchase program, disclosing transactions in own shares from April 15, 2024, to April 19, 2024. The company repurchased 246,784 ordinary shares, equal to 0.03% of its issued share capital, at a weighted average purchase price per share of EUR 37.9238, totaling EUR 9,358,989.65. The purpose of these transactions was to meet obligations arising from debt financial instruments. The company now holds a total of 11,018,691 treasury shares, representing approximately 1.2% of the issued share capital. Detailed transaction information is available on the company's website.
STMicroelectronics annuncia lo stato del suo programma di riacquisto di azioni ordinarie, rivelando le transazioni effettuate sulle proprie azioni dal 15 aprile 2024 al 19 aprile 2024. La società ha riacquistato 246.784 azioni ordinarie, corrispondenti allo 0,03% del capitale sociale emesso, a un prezzo medio ponderato di acquisto per azione di 37,9238 EUR, per un totale di 9.358.989,65 EUR. Lo scopo di queste transazioni era di soddisfare gli obblighi derivanti da strumenti finanziari debitori. La società ora detiene un totale di 11.018.691 azioni proprie, che rappresentano circa l'1,2% del capitale sociale emesso. Le informazioni dettagliate sulle transazioni sono disponibili sul sito web della società.
STMicroelectronics anuncia el estado de su programa de recompra de acciones comunes, revelando transacciones en acciones propias desde el 15 de abril de 2024 hasta el 19 de abril de 2024. La compañía recompró 246,784 acciones ordinarias, equivalentes al 0.03% del capital emitido, a un precio promedio ponderado por acción de 37.9238 EUR, sumando un total de 9,358,989.65 EUR. El propósito de estas transacciones fue cumplir con las obligaciones derivadas de instrumentos financieros de deuda. La compañía ahora posee un total de 11,018,691 acciones en tesorería, lo que representa aproximadamente el 1.2% del capital emitido. La información detallada de las transacciones está disponible en el sitio web de la empresa.
STMicroelectronics는 자사의 보통주 매입 프로그램의 현황을 발표하고, 2024년 4월 15일부터 4월 19일까지 자기주식 거래 내역을 공개하였습니다. 회사는 발행 주식 자본의 0.03%에 해당하는 246,784주의 보통주를 평균 매입 가격 EUR 37.9238로 총 EUR 9,358,989.65를 지불하여 매입했습니다. 이 거래의 목적은 부채 금융 도구에서 발생하는 의무를 충족하기 위함이었습니다. 회사는 현재 발행 주식 자본의 약 1.2%에 해당하는 총 11,018,691주의 자기주식을 보유하고 있습니다. 거래에 대한 자세한 정보는 회사 웹사이트에서 확인할 수 있습니다.
STMicroelectronics annonce l'état de son programme de rachat d'actions ordinaires, en divulguant les transactions sur ses propres actions du 15 avril 2024 au 19 avril 2024. La société a racheté 246 784 actions ordinaires, soit 0,03 % de son capital émis, à un prix moyen pondéré par action de 37,9238 EUR, pour un total de 9 358 989,65 EUR. Le but de ces transactions était de répondre aux obligations découlant des instruments financiers de dette. La société détient désormais un total de 11 018 691 actions de trésorerie, représentant environ 1,2 % du capital émis. Les informations détaillées sur les transactions sont disponibles sur le site Web de la société.
STMicroelectronics gibt den Status seines Programms zum Rückkauf von Stammaktien bekannt und legt Transaktionen mit eigenen Aktien vom 15. April 2024 bis zum 19. April 2024 offen. Das Unternehmen hat 246.784 Stammaktien zurückgekauft, was 0,03% des ausgegebenen Aktienkapitals entspricht, zu einem gewichteten Durchschnittskaufpreis pro Aktie von 37,9238 EUR, was insgesamt 9.358.989,65 EUR ergibt. Der Zweck dieser Transaktionen war, Verpflichtungen aus Schuldfinanzinstrumenten zu erfüllen. Das Unternehmen hält nun insgesamt 11.018.691 eigene Aktien, was ungefähr 1,2% des ausgegebenen Aktienkapitals entspricht. Detaillierte Transaktionsinformationen sind auf der Website des Unternehmens verfügbar.
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STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Apr 15, 2024 to Apr 19, 2024

AMSTERDAM – April 22, 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 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) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Apr 15, 2024 to Apr 19, 2024 (the “Period”), of 246,784 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 37.9238 and for an overall price of EUR 9,358,989.65.

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 transactionNumber of shares purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
4/15/202450,00039.01231,950,615.00XPAR
4/16/202452,49737.8921,989,216.32XPAR
4/17/202449,00038.05671,864,778.30XPAR
4/18/202446,49637.65111,750,625.55XPAR
4/19/202448,79136.9691,803,754.48XPAR
Total for Period 246,784 37.9238 9,358,989.65  

Following the share buybacks detailed above, the Company holds in total 11,018,691 treasury shares, which represents approximately 1.2% of the Company’s issued share capital.

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

How many ordinary shares did STMicroelectronics repurchase in the disclosed period?

STMicroelectronics repurchased 246,784 ordinary shares in the disclosed period.

What was the weighted average purchase price per share during the repurchase period?

The weighted average purchase price per share during the repurchase period was EUR 37.9238.

What is the total amount paid for the repurchased shares?

The total amount paid for the repurchased shares was EUR 9,358,989.65.

What is the purpose of the repurchase transactions?

The purpose of the repurchase transactions was to meet obligations arising from debt financial instruments.

How many treasury shares does STMicroelectronics currently hold?

STMicroelectronics currently holds a total of 11,018,691 treasury shares.

STMicroelectronics N.V.

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STMicroelectronics NV designs, develops, manufactures and markets products, which offers discrete and standard commodity components, application-specific integrated circuits, full custom devices and semi-custom devices for analog, digital and mixed-signal applications.