STMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics announced the completion of a common share repurchase program from December 13 to December 17, 2021, purchasing a total of 76,361 shares, representing 0.01% of its issued share capital.

Rhea-AI Summary

STMicroelectronics announced the completion of a common share repurchase program from December 13 to December 17, 2021, purchasing a total of 76,361 shares, representing 0.01% of its issued share capital. The repurchase was executed at a weighted average price of EUR 41.3397, totaling EUR 3,156,744.33. This is part of the company's ongoing efforts to enhance shareholder value, having accumulated 4,802,690 treasury shares, approximately 0.5% of its issued shares. The program aims to support the company’s stock performance.

Positive

• Repurchase of 76,361 shares, valued at EUR 3,156,744, enhances shareholder value.
• Total treasury shares increased to 4,802,690, representing 0.5% of issued capital.

Negative

• None.

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STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Dec 13, 2021 to Dec 17, 2021

AMSTERDAM – December 20, 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 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 Dec 13, 2021 to Dec 17, 2021 (the “Period”), of 76,361 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 41.3397 and for an overall price of EUR 3,156,744.33.

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)
14-Dec-21	30,000	41.8680	1,256,040.00	XPAR
16-Dec-21	10,000	42.1957	421,957.00	XPAR
17-Dec-21	36,361	40.6685	1,478,747.33	XPAR
Total for Period	76,361	41.3397	3,156,744.33

Following the share buybacks detailed above, the Company holds in total 4,802,690 treasury shares, which represents approximately 0.5% 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. 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

Attachment

• C3058C -- Dec 20 2021 -- Disclosure of transactions in Own Shares_FINAL FOR PUBLICATION

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was the total share repurchased by STMicroelectronics from December 13 to December 17, 2021?

STMicroelectronics repurchased a total of 76,361 shares during this period.

What was the total amount spent on share repurchases by STM in December 2021?

The total amount spent on share repurchases was EUR 3,156,744.33.

What is the weighted average purchase price of shares repurchased by STM?

The weighted average purchase price per share was EUR 41.3397.

How much of its issued share capital does STM hold in treasury shares after the repurchase?

After the repurchase, STMicroelectronics holds approximately 0.5% of its issued share capital in treasury shares.