STMICROELECTRONICS N

STM
Real-time Euronext Paris - 07:14 2022-12-08 am EST
35.78 EUR +0.34%

STMicroelectronics Announces Status of Common Share Repurchase Program

09/26/2022 | 08:00am

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Sep 19, 2022 to Sep 23, 2022

AMSTERDAMSeptember 26, 2022 -- 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) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Sep 19, 2022 to Sep 23, 2022 (the “Period”), of 182,119 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 35.1233 and for an overall price of EUR 6,396,626.01.

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 transactionNumber of shares purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
19-Sep-22 30,910 35.2573 1,089,803.14 XPAR
20-Sep-22 30,541 35.5464 1,085,622.60 XPAR
21-Sep-22 30,676 35.9391 1,102,467.83 XPAR
22-Sep-22 31,236 35.6121 1,112,379.56 XPAR
23-Sep-22 58,756 34.1472 2,006,352.88 XPAR
Total for Period 182,119 35.1233 6,396,626.01  

Following the share buybacks detailed above, the Company holds in total 4,920,548 treasury shares, which represents approximately 0.5% 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 48,000 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. ST is committed to becoming carbon neutral 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

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