Disclosure of Transactions in Own Shares – Period from Jul 15, 2024 to Jul 19, 2024
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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jul 15, 2024 to Jul 19, 2024 (the “Period”), of 254,850 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 38.2047 and for an overall price of EUR 9,736,472.80.
The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.
The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (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) |
|
15-Jul-24 |
41,650 |
38.9959 |
1,624,179.24 |
XPAR |
|
16-Jul-24 |
45,850 |
38.6899 |
1,773,931.92 |
XPAR |
|
17-Jul-24 |
50,200 |
38.3466 |
1,924,999.32 |
XPAR |
|
18-Jul-24 |
49,850 |
38.1915 |
1,903,846.28 |
XPAR |
|
19-Jul-24 |
67,300 |
37.2885 |
2,509,516.05 |
XPAR |
|
Total for Period |
254,850 |
38.2047 |
9,736,472.80 |
Following the share buybacks detailed above, the Company holds in total 8,767,667 treasury shares, which represents approximately 1.0% of the Company’s issued share capital.
In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).
