STMicroelectronics Announces Status of Share Repurchase Program

0

STMicroelectronics N.V. announces full details of its common share 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. announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Feb 21, 2022 to Feb 25, 2022 (the “Period”), of  251,058 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 37.2453 and for an overall price of EUR 9,350,719.44.

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)
21-Feb-22 61,985 37.8135 2,343,869.80 XPAR
22-Feb-22 60,260 37.4063 2,254,103.64 XPAR
23-Feb-22 59,502 37.8916 2,254,625.98 XPAR
24-Feb-22 58,468 35.7052 2,087,611.63 XPAR
25-Feb-22 10,843 37.8593 410,508.39 XPAR
Total for Period 251,058 37.2453 9,350,719.44

Following the share buybacks detailed above, the Company holds in total 6,660,002 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.


LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!