STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics announced a share repurchase program, where it bought back 308,846 shares (0.03% of issued capital) from February 7 to February 11, 2022.
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Rhea-AI Summary
STMicroelectronics announced a share repurchase program, where it bought back 308,846 shares (0.03% of issued capital) from February 7 to February 11, 2022. The average purchase price was EUR 39.8955, totaling EUR 12,321,577.42. Following this action, the company holds 6,093,376 treasury shares, equating to approximately 0.7% of its issued share capital. The program was approved by shareholders on May 27, 2021, and aims to enhance shareholder value.
Positive
- Share buyback program enhances shareholder value.
- Total of 6,093,376 treasury shares represent about 0.7% of issued capital.
Negative
- None.
Details
News Market Reaction – STM
The recorded move for STM in the trading session of this news was -1.25%.
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 Feb 07, 2022 to Feb 11, 2022
AMSTERDAM – February 14, 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 Feb 07, 2022 to Feb 11, 2022 (the “Period”), of 308,846 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 share purchased | Weighted average purchase price per share (EUR) | Total amount paid (EUR) | Market on which the shares were bought (MIC code) |
| 7-Feb-22 | 61,918 | 38.8546 | 2,405,799.12 | XPAR |
| 8-Feb-22 | 61,302 | 38.9785 | 2,389,460.01 | XPAR |
| 9-Feb-22 | 61,700 | 40.6864 | 2,510,350.88 | XPAR |
| 10-Feb-22 | 62,136 | 40.7451 | 2,531,737.53 | XPAR |
| 11-Feb-22 | 61,790 | 40.2044 | 2,484,229.88 | XPAR |
| Total for Period | 308,846 | 39.8955 | 12,321,577.42 |
Following the share buybacks detailed above, the Company holds in total 6,093,376 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/investor-relations/share-buyback).
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 independent 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 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
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