STMicroelectronics Announces Status of Common Share Repurchase Program
Disclosure of Transactions in Own Shares - Period from February 18, 2019 to February 22, 2019
AMSTERDAM - February 25, 2019 -- 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 November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 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 February 18, 2019 to February 22, 2019 (the "Period"), of 312,113 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 14.6211 and for an overall price of EUR 4,563,436.12.
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||Total amount paid (EUR)||Weighted average purchase price per share (EUR)||Market on which the shares were bought (MIC code)|
|February 18, 2019||60,000||878,023.92||14.6337||XPAR|
|February 19, 2019||60,000||871,681.80||14.5280||XPAR|
|February 20, 2019||89,771||1,305,446.02||14.5420||XPAR|
|February 21, 2019||55,720||816,907.30||14.6609||XPAR|
|February 22, 2019||46,622||691,377.08||14.8294||XPAR|
|Total for Period||312,113||4,563,436.12||14.6211||XPAR|
Following the share buybacks detailed above, the Company holds in total 15,323,591 treasury shares, which represents approximately 1.7% of the Company`s issued share capital.
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).
ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST`s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices.
By getting more from technology to get more from life, ST stands for life.augmented.
In 2018, the Company`s net revenues were $9.66 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.
For further information, please contact:
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Source: STMicroelectronics via GlobeNewswire