STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has reported its recent share repurchase activities, acquiring 275,446 ordinary shares from May 16 to May 20, 2022, totaling EUR 10,341,355.59 at an average price of EUR 37.5440 per share.
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Rhea-AI Summary
STMicroelectronics has reported its recent share repurchase activities, acquiring 275,446 ordinary shares from May 16 to May 20, 2022, totaling EUR 10,341,355.59 at an average price of EUR 37.5440 per share. This buyback represents approximately 0.03% of its issued share capital, increasing its treasury stock to 8,319,382 shares, or 0.9% of total issued capital. The program, initiated in July 2021, aims to enhance shareholder value and reflects the company's commitment to returning capital to investors.
Positive
- Share repurchase of 275,446 shares enhances shareholder value.
- Total treasury shares now equal 8,319,382, indicating a strong buyback commitment.
Negative
- None.
Details
News Market Reaction – STM
The recorded move for STM in the trading session of this news was +0.64%.
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STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from May 16, 2022 to May 20, 2022
AMSTERDAM – May 23, 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 May 16, 2022 to May 20, 2022 (the “Period”), of 275,446 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) |
| 16-May-22 | 55,522 | 37.4456 | 2,079,054.60 | XPAR |
| 17-May-22 | 55,026 | 38.1124 | 2,097,172.92 | XPAR |
| 18-May-22 | 55,605 | 37.7898 | 2,101,301.83 | XPAR |
| 19-May-22 | 54,715 | 36.9114 | 2,019,607.25 | XPAR |
| 20-May-22 | 54,578 | 37.4550 | 2,044,218.99 | XPAR |
| Total for Period | 275,446 | 37.5440 | 10,341,355.59 |
Following the share buybacks detailed above, the Company holds in total 8,319,382 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 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
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