STMicroelectronics N.V is a global semiconductor leader serving customers across the spectrum of electronics applications. STMicroelectronics announce 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 Oct 18, 2021 to Oct 22, 2021 (the “Period”), of 213,514 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 37.0671 and for an overall price of EUR 7,914,349.67.
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)|
|Total for Period||213,514||37.0671||7,914,349.67|
Following the share buybacks detailed above, the Company holds in total 3,616,151 treasury shares, which represents approximately 0.4% 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).