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STMicroelectronics Announces Status of Common Share Repurchase Program

·3 min read
STMicroelectronics N.V.
STMicroelectronics N.V.

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from July 18, 2022 to July 22, 2022

AMSTERDAM – July 25, 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 Jul 18, 2022 to Jul 22, 2022 (the “Period”), of 194,835 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 33.2224 and for an overall price of EUR 6,472,890.30.

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 shares purchased

Weighted average purchase price per share (EUR)

Total amount paid (EUR)

Market on which the shares were bought (MIC code)

18-Jul-22

40,283

32.4028

1,305,281.99

XPAR

19-Jul-22

40,203

32.2841

1,297,917.67

XPAR

20-Jul-22

38,613

33.3452

1,287,558.21

XPAR

21-Jul-22

37,899

34.0425

1,290,176.71

XPAR

22-Jul-22

37,837

34.1453

1,291,955.72

XPAR

Total for Period

194,835

33.2224

6,472,890.30

 

Following the share buybacks detailed above, the Company holds in total 4,412,395 treasury shares, which represents approximately 0.5% 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).

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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