HomeNewsIndia NewsSTMicroelectronics Announces Status of common share repurchase program

STMicroelectronics Announces Status of common share repurchase program

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 March 30, 2020 to April 03, 2020 (the “Period”), of 970,242 ordinary shares (equal to 0.1% of its issued share capital) at the weighted average purchase price per share of EUR 19.0148 and for an overall price of EUR 18,448,970.07.

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)

Mar 30, 2020

 198,799

 19.1332

 3,803,661.03

XPAR

Mar 31, 2020

 194,749

 19.7454

 3,845,396.90

XPAR

Apr 01, 2020

 192,612

 19.2632

 3,710,323.48

XPAR

Apr 02, 2020

 191,873

 18.7116

 3,590,250.83

XPAR

Apr 03, 2020

 192,209

 18.2059

 3,499,337.83

XPAR

Total for Period

 970,242

 19.0148

18,448,970.07

 

Following the share buybacks detailed above, the Company holds in total 22,902,671 treasury shares, which represents approximately 2.5% 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.

For more information, visit www.st.com

ELE Times Bureau
ELE Times Bureauhttps://www.eletimes.com
ELE Times provides a comprehensive global coverage of Electronics, Technology and the Market. In addition to providing in depth articles, ELE Times attracts the industry’s largest, qualified and highly engaged audiences, who appreciate our timely, relevant content and popular formats. ELE Times helps you build awareness, drive traffic, communicate your offerings to right audience, generate leads and sell your products better.
RELATED ARTICLES

Most Popular