STMicroelectronics Announces Status of Common Share Repurchase Program

Nachrichtenquelle: globenewswire
18.01.2021, 14:30  |  125   |   |   

PR N°C2979C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Jan 11, 2021 to Jan 15, 2021

AMSTERDAM – January 18, 2021 -- 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 January 11, 2021 to January 15, 2021 (the “Period”), of 305,105 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 33.5146 and for an overall price of EUR 10,225,465.28.

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)
Jan 11, 2021  61,119  33.4090  2,041,924.67 XPAR
Jan 12, 2021  60,744  33.6751  2,045,560.27 XPAR
Jan 13, 2021  60,609  33.6191  2,037,620.03 XPAR
Jan 14, 2021  60,718  33.7591  2,049,785.03 XPAR
Jan 15, 2021  61,915  33.1192  2,050,575.27 XPAR
Total for Period   305,105 33.5146   10,225,465.28  

  

Following the share buybacks detailed above, the Company holds in total 6,498,141 treasury shares, which represents approximately 0.7% 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 our 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

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STMicroelectronics Announces Status of Common Share Repurchase Program PR N°C2979C STMicroelectronics Announces Status of Common Share Repurchase Program Disclosure of Transactions in Own Shares – Period from Jan 11, 2021 to Jan 15, 2021 AMSTERDAM – January 18, 2021 - STMicroelectronics N.V. (the “Company” or …

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