STMicroelectronics Announces Status of Common Share Repurchase Program
13 Mai 2024 - 2:00PM
STMicroelectronics Announces Status of Common Share Repurchase
Program
STMicroelectronics Announces Status
ofCommon Share Repurchase Program
Disclosure of Transactions in Own Shares
– Period from May 06, 2024 to May 10, 2024
AMSTERDAM – May 13, 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
06, 2024 to May 10, 2024 (the “Period”), of 175,000 ordinary shares
(equal to 0.02% of its issued share capital) at the weighted
average purchase price per share of EUR 37.5684 and for an overall
price of EUR 6,574,466.00.
The 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) |
6-May-24 |
35,000 |
37.3062 |
1,305,717.00 |
XPAR |
8-May-24 |
50,000 |
37.7547 |
1,887,735.00 |
XPAR |
9-May-24 |
55,000 |
37.5298 |
2,064,139.00 |
XPAR |
10-May-24 |
35,000 |
37.6250 |
1,316,875.00 |
XPAR |
Total for Period |
175,000 |
37.5684 |
6,574,466.00 |
|
Following the share buybacks detailed above, the
Company holds in total 11,502,749 treasury shares, which represents
approximately 1.3% 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 STMicroelectronicsAt 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 cloud-connected 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 BerthierGroup VP,
Investor RelationsTel: +41.22.929.58.12celine.berthier@st.com
MEDIA RELATIONS:Alexis
Breton Corporate
External CommunicationsTel:
+33.6.59.16.79.08alexis.breton@st.com
- C3257C -- May 13 2024 -- Disclosure of transactions in Own
Shares PR_FINAL FOR PUBLICATION
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