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STMicroelectronics Announces Status of Common Share Repurchase Program .


STMicroelectronics A

iCrowdNewswire   Feb 9, 2021  11:44 AM ET

STMicroelectronics N.V., 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. announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between February 01, 2021 to February 05, 2021 (the “Period”), of 308,508 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 33.8283 and for an overall price of EUR 10,436,294.24.

Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM , 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)
Feb 01, 2021  63,381  33.6976  2,135,787.59 XPAR
Feb 02, 2021  57,122  34.0690  1,946,089.42 XPAR
Feb 03, 2021  57,246  34.0829  1,951,109.69 XPAR
Feb 04, 2021  58,416  33.4954  1,956,667.29 XPAR
Feb 05, 2021  72,343  33.8200  2,446,640.26 XPAR
Total for Period  308,508  33.8283  10,436,294.24  

Following the share buybacks detailed above, the Company holds in total 7,586,100 treasury shares, which represents approximately 0.8% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of Regulation (EU) 596/2014 (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/buyback-program).

About STMicroelectronics
At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 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 5G technology. 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



Contact Information:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
celine.berthier@st.com








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