STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics N.V. announces the details of its common share repurchase program. In the period from May 2 to May 5, 2023, the company repurchased 236,756 ordinary shares at an average price of EUR 38.5294, for a total amount of EUR 9,122,060.48. The purpose of the repurchase was to meet obligations arising from share option programs or other allocations of shares to employees or members of the administrative bodies. The company now holds a total of 10,397,134 treasury shares, representing approximately 1.1% of the issued share capital.

  

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 02, 2023 to May 05, 2023

AMSTERDAM – May 8, 2023 -- 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 May 02, 2023 to May 05, 2023 (the “Period”), of 236,756 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 38.5294 and for an overall price of EUR 9,122,060.48.

The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.

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)
2-May-23	57,902	39.5375	2,289,300.33	XPAR
3-May-23	58,744	38.8454	2,281,934.18	XPAR
4-May-23	60,269	37.7122	2,272,876.58	XPAR
5-May-23	59,841	38.0667	2,277,949.39	XPAR
Total for Period	236,756	38.5294	9,122,060.48

Following the share buybacks detailed above, the Company holds in total 10,397,134 treasury shares, which represents approximately 1.1% 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 the Internet of Things and connectivity. We are committed to achieving our goal of 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

Attachment

• C3179C -- May 8 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

What did STMicroelectronics announce?

STMicroelectronics announced the details of its common share repurchase program.

When did the repurchase take place?

The repurchase took place from May 2 to May 5, 2023.

How many shares were repurchased?

A total of 236,756 ordinary shares were repurchased.

What was the average purchase price per share?

The average purchase price per share was EUR 38.5294.

What was the total amount paid for the repurchase?

The total amount paid for the repurchase was EUR 9,122,060.48.

What was the purpose of the repurchase?

The purpose of the repurchase was to meet obligations arising from share option programs or other allocations of shares to employees or members of the administrative bodies.

How many treasury shares does the company now hold?

The company now holds a total of 10,397,134 treasury shares.

What percentage of the issued share capital do the treasury shares represent?

The treasury shares represent approximately 1.1% of the issued share capital.