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    STMicroelectronics Announces Status of Common Share Repurchase Program

    Disclosure of Transactions in Own Shares – Period from Feb 06, 2023 to Feb 10, 2023

    STMicroelectronics N.V., 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 Feb 06, 2023 to Feb 10, 2023 (the “Period”), of 139,770 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 45.4150 and for an overall price of EUR 6,347,660.54.

    The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.

    The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.

    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 shares purchased Weighted average purchase price per share (EUR) Total amount paid (EUR) Market on which the shares were bought (MIC code)
    2/6/2023  28,211  44.8724  1,265,895.28 XPAR
    2/7/2023  28,162  45.1811  1,272,390.14 XPAR
    2/8/2023  27,741  45.7337  1,268,698.57 XPAR
    2/9/2023  27,573  46.0909  1,270,864.39 XPAR
    2/10/2023  28,083  45.2164  1,269,812.16 XPAR
    Total for Period  139,770  45.4150  6,347,660.54

     

    Following the share buybacks detailed above, the Company holds in total 8,385,658 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.

    In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback

    ELE Times Bureau
    ELE Times Bureauhttps://www.eletimes.com
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