STMicroelectronics Announces Status of Common Share Repurchase Program
STMicroelectronics has provided an update on its common share repurchase program, originally announced on July 1, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
STMicroelectronics has provided an update on its common share repurchase program, originally announced on July 1, 2021. Over the period from June 6, 2022 to June 10, 2022, the company repurchased 93,439 ordinary shares at an average price of EUR 35.7598, totaling EUR 3,341,359.30. This buyback represents 0.01% of STMicroelectronics' issued share capital. Following these transactions, the company holds a total of 5,195,531 treasury shares, about 0.6% of its issued capital.
Positive
- Repurchase of 93,439 shares indicates commitment to shareholder value.
- Total treasury shares increase to 5,195,531, reflecting buyback confidence.
- Average repurchase price of EUR 35.7598 is competitive in current market.
Negative
- None.
Details
News Market Reaction – STM
The recorded move for STM in the trading session of this news was -7.13%.
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 Jun 06, 2022 to Jun 10, 2022
AMSTERDAM – June 13, 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 Jun 06, 2022 to Jun 10, 2022 (the “Period”), of 93,439 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) |
| 08-Jun-22 | 9,184 | 36.7294 | 337,322.81 | XPAR |
| 09-Jun-22 | 43,428 | 36.1000 | 1,567,750.80 | XPAR |
| 10-Jun-22 | 40,827 | 35.1798 | 1,436,285.69 | XPAR |
| Total for Period | 93,439 | 35.7598 | 3,341,359.30 |
Following the share buybacks detailed above, the Company holds in total 5,195,531 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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