STMicroelectronics Announces Status of Common Share Repurchase Program

Rhea-AI Summary

STMicroelectronics N.V. Announces Details of Common Share Repurchase Program, Repurchasing 31,448 Ordinary Shares at EUR 38.6969 Per Share, Totaling EUR 1,216,940.13. The Company Holds 7,903,801 Treasury Shares, Representing Approximately 0.9% of Its Issued Share Capital.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Nov 13, 2023 to Nov 17, 2023

AMSTERDAM – November 20, 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 Nov 13, 2023 to Nov 17, 2023 (the “Period”), of 31,448 ordinary shares (equal to 0.003% of its issued share capital) at the weighted average purchase price per share of EUR 38.6969 and for an overall price of EUR 1,216,940.13.

The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.

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)
13-Nov-23	12,483	38.5430	481,132.27	XPAR
14-Nov-23	18,965	38.7982	735,807.86	XPAR
Total for Period	31,448	38.6969	1,216,940.13

Following the share buybacks detailed above, the Company holds in total 7,903,801 treasury shares, which represents approximately 0.9% 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 to become carbon neutral on scope 1 and 2 and partially scope 3 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

• C3214C -- Nov 20 2023 -- Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

What is the purpose of the common share repurchase program announced by STMicroelectronics N.V.?

The purpose of the repurchase program is to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.

How many ordinary shares did STMicroelectronics N.V. repurchase during the specified period?

STMicroelectronics N.V. repurchased 31,448 ordinary shares in the period from Nov 13, 2023 to Nov 17, 2023.

What is the total amount paid for the repurchased shares?

The total amount paid for the repurchased shares was EUR 1,216,940.13.

Where can the full breakdown of the individual trades in the Program be found?

The full breakdown of the individual trades in the Program can be found on the ST website at https://investors.st.com/stock-and-bond-information/share-buyback.