Analysis

STMicroelectronics common share repurchase program

10th October 2019
Alex Lynn

STMicroelectronics has announced the full details of its common share repurchase program disclosed via a press release dated November 5th, 2018. The program was approved by a shareholder resolution dated May 31, 2018 and by the supervisory board.

STMicroelectronics announced the repurchase (by a broker acting for the company) on the regulated market of Euronext Paris, in the period between September 16th, 2019 to September 20th, 2019, of 75,811 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of €18.0853 and for an overall price of €1,371,066.27.

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

Following the share buybacks detailed above, the Company holds in total 18,445,934 treasury shares, which represents approximately 2.0% of the Company’s issued share capital.

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