STMicroelectronics Announces Status of Common Share Repurchase Program

    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. announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Nov 22, 2021, to Nov 26, 2021 (the “Period”), of 171,899 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 43.9264 and for an overall price of EUR 7,550,896.10.

    Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM, in a 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)
    22-Nov-21  34,000  45.9035  1,560,719.00 XPAR
    23-Nov-21  42,414  44.3880  1,882,672.63 XPAR
    24-Nov-21  30,000  43.4805  1,304,415.00 XPAR
    25-Nov-21  26,364  43.6063  1,149,636.49 XPAR
    26-Nov-21  39,121  42.2651  1,653,452.98 XPAR
    Total for Period  171,899  43.9264  7,550,896.10

    Following the share buybacks detailed above, the Company holds in total 4,600,659 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

    ELE Times News
    ELE Times provides extensive 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 experience, drive traffic, communicate your contributions to the right audience, generate leads, and market your products favorably.

    Related Articles

    Latest Articles