HomeIndustrySTMicroelectronics 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 May 10, 2021, to May 14, 2021 (the “Period”, of  559,156 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 29.2543 and for an overall price of EUR   16,357,699.36.

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 a 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)
May 10, 2021  97,145  30.4817  2,961,144.75 XPAR
May 11, 2021  101,868  29.1175  2,966,141.49 XPAR
May 12, 2021  102,611  28.9270  2,968,228.40 XPAR
May 13, 2021  128,829  28.8885  3,721,676.57 XPAR
May 14, 2021  128,703  29.0631  3,740,508.16 XPAR
Total for Period  559,156  29.2543  16,357,699.36

Following the share buybacks detailed above, the Company holds in total 12,286,836 treasury shares, which represents approximately 1.3% of the Company’s issued share capital.

Further information can be found at www.st.com.

ELE Times Research Desk
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