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    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 announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Apr 25, 2022, to Apr 29, 2022 (the “Period”), of  242,330 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 35.4251 and for an overall price of EUR 8,584,554.53.

    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)
    25-Apr-22  47,183  34.8462  1,644,148.25 XPAR
    26-Apr-22  47,354  35.3278  1,672,912.64 XPAR
    27-Apr-22  48,173  35.0344  1,687,712.15 XPAR
    28-Apr-22  49,751  35.7522  1,778,707.70 XPAR
    29-Apr-22  49,869  36.1161  1,801,073.79 XPAR
    Total for Period  242,330  35.4251  8,584,554.53

    Following the share buybacks detailed above, the Company holds in total 7,543,291 treasury shares, which represents approximately 0.8% 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 Research Desk
    ELE Times Research Desk
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