STMicroelectronics Announces Status of Common Share Repurchase Program
07/26/2021 - 08:00 AM
PR N°C3020C
STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Ju l 1 9 , 202 1 to Ju l 23 , 202 1
AMSTERDAM – Ju l y 26 , 202 1 -- 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 Jul 19, 2021 to Jul 23, 2021 (the “Period”), of 257,310 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 31.9992 and for an overall price of EUR 8,233,708.72.
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) 19-Jul-21 49,681 31.2392 1,551,994.70 XPAR 20-Jul-21 50,335 31.1918 1,570,039.25 XPAR 21-Jul-21 51,330 32.0508 1,645,167.56 XPAR 22-Jul-21 52,568 32.4356 1,705,074.62 XPAR 23-Jul-21 53,396 32.9881 1,761,432.59 XPAR Total for Period 257,310 31.9992 8,233,708.72
Following the share buybacks detailed above, the Company holds in total 8,743,339 treasury shares, which represents approximately 1.0% 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 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 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 5G technology. Further information can be found at www.st.com .
For further information, please contact: INVESTOR RELATIONS: Céline Berthier Group VP, Investor Relations Tel : +41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS: Alexis Breton Corporate External Communications Tel: + 33.6.59.16.79.08alexis.breton@st.com
STM Rankings
#710 Ranked by Stock Gains
STM Stock Data
Industry
Semiconductor and Related Device Manufacturing
Sector
Manufacturing
Tags
Electronic Technology, Semiconductors, Manufacturing, Semiconductor and Related Device Manufacturing
Country
Switzerland
City
Plan Les Ouates
About STM
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.