STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics (STM) has reported the latest status of its common share repurchase program for the period of February 24-28, 2025. The company repurchased 125,500 ordinary shares (0.01% of issued share capital) at a weighted average price of EUR 24.0857 per share, totaling EUR 3,022,753.55.

The buyback program, approved by shareholders on May 22, 2024, and the supervisory board, aims to meet obligations from share option programmes and allocations to employees or management. Following these transactions, STM now holds 16,026,511 treasury shares, representing approximately 1.8% of its issued share capital.

Positive

• Share buyback indicates strong cash position
• Program supports employee stock compensation plans
• Relatively small buyback (0.01%) minimizes cash impact

Negative

• EUR 3.02M cash outflow reduces available capital
• impact on share price due to small buyback size

News Market Reaction

-1.86%

1 alert

-1.86% News Effect

On the day this news was published, STM declined 1.86%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Feb 24, 2025 to Feb 28, 2025

AMSTERDAM – March 3, 2025 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 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 Feb 24, 2025 to Feb 28, 2025 (the “Period”), of 125,500 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 24.0857 and for an overall price of EUR 3,022,753.55.

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)
24-Feb-25	500	26.6185	13,309.25	XPAR
25-Feb-25	500	25.8595	12,929.75	XPAR
26-Feb-25	500	25.3887	12,694.35	XPAR
27-Feb-25	51,000	24.5650	1,252,815.00	XPAR
28-Feb-25	73,000	23.7124	1,731,005.20	XPAR
Total for Period	125,500	24.0857	3,022,753.55

Following the share buybacks detailed above, the Company holds in total 16,026,511 treasury shares, which represents approximately 1.8% 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 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 cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com.

For further information, please contact:
INVESTOR RELATIONS:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: +33.6.59.16.79.08

alexis.breton@st.com

Attachment

• C3318C -- Mar 3 2025 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

FAQ

How many shares did STM repurchase between February 24-28, 2025?

STM repurchased 125,500 ordinary shares, representing 0.01% of its issued share capital.

What is the total value of STM's share repurchases in February 2025?

The total value of the repurchases was EUR 3,022,753.55, at an average price of EUR 24.0857 per share.

What is the purpose of STM's share buyback program?

The program aims to meet obligations from share option programmes and allocations to employees or management bodies.

How many treasury shares does STM hold after the February 2025 buyback?

STM holds 16,026,511 treasury shares, approximately 1.8% of its issued share capital.

When was STM's current share buyback program approved?

The program was approved by shareholders on May 22, 2024, and the supervisory board.