PRESS RELEASE

from STMICROELECTRONICS (EPA:STM)

STMicroelectronics Announces Status of Common Share Repurchase Program

 

 

STMicroelectronics Announces Status of Common Share Repurchase Program

 

Disclosure of Transactions in Own Shares – Period from May 20, 2024 to May 24, 2024

 

 

AMSTERDAM     –     May    27,    2024     --     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) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between May 20, 2024 to May 24, 2024 (the “Period”), of 198,865 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 38.3025 and for an overall price of EUR           7,617,019.94.

image
imageThe purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.

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)

5/20/2024

30,000

38.3982

1,151,946.00

XPAR

5/21/2024

71,277

37.901

2,701,469.58

XPAR

5/22/2024

17,588

37.4899

659,372.36

XPAR

5/23/2024

50,000

39.006

1,950,300.00

XPAR

5/24/2024

30,000

38.4644

1,153,932.00

XPAR

Total for Period

 198,865 

 38.3025 

 7,617,019.94 

Following the share buybacks detailed above, the Company holds in total 11,842,372 treasury shares, which represents approximately 1.3% of the Company’s issued share capital.

image
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/sharebuyback).

About STMicroelectronics

At ST, we are over 50,000 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 cloudconnected autonomous things. We are committed to achieving our goal to become carbon neutral on scope 1 and 2 and partially scope 3 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

See all STMICROELECTRONICS news