STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has disclosed the status of its common share repurchase program.
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Rhea-AI Summary
STMicroelectronics has disclosed the status of its common share repurchase program. From August 1 to August 5, 2022, the company repurchased 169,969 shares, representing 0.02% of its capital, at an average price of EUR 37.8806, totaling EUR 6,438,527.38. Following these transactions, STMicroelectronics now holds 3,594,611 shares in treasury, equivalent to 0.4% of its issued capital. The buyback program aims to enhance shareholder value and reinforce stock price stability.
Positive
- Company repurchased 169,969 shares, indicating strong cash flow and commitment to shareholder value.
- Total treasury shares increased to 3,594,611, enhancing stock price support.
Negative
- None.
Details
News Market Reaction – STM
The recorded move for STM in the trading session of this news was -0.73%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from Aug 01, 2022 to Aug 05, 2022
AMSTERDAM – August 8, 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 Aug 01, 2022 to Aug 05, 2022 (the “Period”), of 169,969 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 shares purchased | Weighted average purchase price per share (EUR) | Total amount paid (EUR) | Market on which the shares were bought (MIC code) |
| 01-Aug-22 | 34,446 | 37.3271 | 1,285,769.29 | XPAR |
| 02-Aug-22 | 34,517 | 37.2019 | 1,284,097.98 | XPAR |
| 03-Aug-22 | 34,191 | 37.8513 | 1,294,173.80 | XPAR |
| 04-Aug-22 | 33,316 | 38.7835 | 1,292,111.09 | XPAR |
| 05-Aug-22 | 33,499 | 38.2810 | 1,282,375.22 | XPAR |
| Total for Period | 169,969 | 37.8806 | 6,438,527.38 |
Following the share buybacks detailed above, the Company holds in total 3,594,611 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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