HomeNewsIndia NewsSTMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics Announces Status of Common Share Repurchase Program

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 April 20, 2020 to April 24, 2020 (the “Period”), of 112,817 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 19.8829 and for an overall price of EUR 2,243,129.13.

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)
Apr 21, 2020 112,817  19.8829  2,243,129.13 XPAR
Total for Period 112,817  19.8829  2,243,129.13  

 

Following the share buybacks detailed above, the Company holds in total 24,277,914 treasury shares, which represents approximately 2.7% of the Company’s issued share capital.

For more information, visit www.st.com

ELE Times Bureau
ELE Times Bureauhttps://www.eletimes.ai/
ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.

Related News

Must Read

OfficeNet Launches Smart Factory Platform to Streamline Workforce Management

OfficeNet, an HR technology company serving more than 10...

Renesas Launches Ultra-Low-Power RL78/G21 MCU for Smart Appliance Control

Renesas Electronics Corporation has introduced the RL78/G21, a new...

DigiKey Adds 27,000 New Stocking Products and 93 Suppliers in Q3 2026

DigiKey, a global distributor of electronic components and automation...

Microchip Achieves Key Milestones in PIC64-HPSC Spaceflight Computing Development

As spacecraft and satellites become more autonomous and rely...

Infineon to Build Europe’s First High-Volume 300mm GaN Power Semiconductor Manufacturing Facility

Infineon Technologies AG is setting up Europe’s first high-volume...

Powering India’s Growth: Key Companies in the Electrical Infrastructure Value Chain

India’s growing real estate sector and investments in power...