STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics (STM) announced the execution of its common share repurchase program from January 24 to January 28, 2022.
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Rhea-AI Summary
STMicroelectronics (STM) announced the execution of its common share repurchase program from January 24 to January 28, 2022. During this period, the company repurchased 227,742 shares, representing 0.02% of its issued share capital, at a weighted average price of EUR 39.8727, totaling EUR 9,080,681.92.
Following these transactions, STMicroelectronics holds a total of 5,489,104 treasury shares, which is approximately 0.6% of its issued share capital.
Positive
- Share repurchase indicates confidence in the company's financial health and long-term strategy.
- Reduction in total shares outstanding may enhance shareholder value and potentially increase EPS.
Negative
- Repurchases could indicate a lack of investment opportunities, raising concerns about future growth.
Details
News Market Reaction – STM
The recorded move for STM in the trading session of this news was +3.26%.
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 Jan 24, 2022 to Jan 28, 2022
AMSTERDAM – January 31, 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 Jan 24, 2022 to Jan 28, 2022 (the “Period”), of 227,742 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) |
| 1/24/2022 | 40,146 | 39.2985 | 1,577,677.58 | XPAR |
| 1/25/2022 | 42,860 | 38.9802 | 1,670,691.37 | XPAR |
| 1/26/2022 | 45,261 | 39.7603 | 1,799,590.94 | XPAR |
| 1/27/2022 | 47,251 | 41.3223 | 1,952,520.00 | XPAR |
| 1/28/2022 | 52,224 | 39.8323 | 2,080,202.04 | XPAR |
| Total for Period | 227,742 | 39.8727 | 9,080,681.92 |
Following the share buybacks detailed above, the Company holds in total 5,489,104 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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