STMicroelectronics announces status of common share repurchase programme
STMicroelectronics, a global semiconductor specialist serving customers across the spectrum of electronics applications, announces full details of its common share repurchase programme via a press release dated July 1, 2021.
The Programme 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 Jan 03, 2023 to Jan 06, 2023 (the “Period”), of 199,819 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 34.2967 and for an overall price of EUR 6,853,123.29.
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.
Following the share buybacks detailed above, the Company holds in total 7,615,976 treasury shares, which represents approximately 0.8% 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 Programme are disclosed on the ST website.