STMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 16, 2023 to Oct 20, 2023

AMSTERDAM – October 23, 2023 — 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 Oct 16, 2023 to Oct 20, 2023 (the “Period”), of 247,999 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 39.7238 and for an overall price of EUR 9,851,461.97.

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 transactionNumber of shares purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)16-Oct-23 35,000 41.1665 1,440,827.50 XPAR17-Oct-23 51,598 40.4268 2,085,942.03 XPAR18-Oct-23 52,479 40.0803 2,103,374.06 XPAR19-Oct-23 53,576 39.3386 2,107,604.83 XPAR20-Oct-23 55,346 38.1909 2,113,713.55 XPARTotal for Period 247,999 39.7238 9,851,461.97  

Following the share buybacks detailed above, the Company holds in total 7,181,595 treasury shares, which represents approximately 0.8% 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).

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 the Internet of Things and connectivity. 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

Attachment

C3209C — Oct 23 2023 — Disclosure of transactions in Own Shares PR_FINAL FOR PUBLICATION

 

Spread The Word...

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

LATEST POST

Rubik’s Cube Gridlock Game brings an exciting new twist to everyone’s favorite 3D puzzle
Rubik’s Cube Gridlock Game brings an exciting new twist to everyone’s favorite 3D puzzle
Yale Approach Lock with Wi-Fi is renter friendly with its interior-only installation
Yale Approach Lock with Wi-Fi is renter friendly with its interior-only installation
Wizard Works Figwit Cargo Cage Bag brings easy-to-access extra storage to any sized bike
Wizard Works Figwit Cargo Cage Bag brings easy-to-access extra storage to any sized bike
WITHit Titanium Band for Apple Watch adds classy style in a lightweight form factor
WITHit Titanium Band for Apple Watch adds classy style in a lightweight form factor
Samsung Bespoke AI Laundry Combo optimizes laundry day with wash and dry functionality
Samsung Bespoke AI Laundry Combo optimizes laundry day with wash and dry functionality
What Is The Difference Between Roguelike And Rogue-lite?
What Is The Difference Between Roguelike And Rogue-lite?

CONTRIBUTE

Please contribute and support me to keep this website alive. Any BIG or small amount contributed is very much appreciated.

Thank you!