Status of common share repurchase program announced
STMicroelectronics has announced 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 31st, 2018 and by the supervisory board.
STMicroelectronics has announced the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between March 30th, 2020 to April 3rd, 2020, of 970,242 ordinary shares (equal to 0.1% of its issued share capital) at the weighted average purchase price per share of EUR 19.0148 and for an overall price of EUR 18,448,970.07.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM, in detailed form.
Following the share buybacks detailed above, the Company holds in total 22,902,671 treasury shares, which represents approximately 2.5% 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.
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