STMicroelectronics Announces Status of Common Share Repurchase Program
25 Novembro 2024 - 10:00AM
UK Regulatory
STMicroelectronics Announces Status of Common Share Repurchase
Program
STMicroelectronics Announces Status
of
Common Share Repurchase Program
Disclosure of Transactions in Own
Shares – Period from Nov 18, 2024 to Nov 22, 2024
AMSTERDAM – November 25, 2024
-- STMicroelectronics N.V. (the “Company” or “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 June 21, 2024. The Program was approved by a
shareholder resolution dated May 22, 2024 and by the supervisory
board.
STMicroelectronics N.V. (registered with the
trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10)
announces the repurchase (by a broker acting for the Company) on
the regulated market of Euronext Paris, in the period between Nov
18, 2024 to Nov 22, 2024 (the “Period”), of 468,800 ordinary shares
(equal to 0.05% of its issued share capital) at the weighted
average purchase price per share of EUR 23.2951 and for an overall
price of EUR 10,920,729.99.
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 STMicroelectronics (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) |
18-Nov-24 |
106,500 |
23.8398 |
2,538,938.70 |
XPAR |
19-Nov-24 |
89,500 |
23.2365 |
2,079,666.75 |
XPAR |
20-Nov-24 |
90,800 |
23.1068 |
2,098,097.44 |
XPAR |
21-Nov-24 |
91,000 |
22.8518 |
2,079,513.80 |
XPAR |
22-Nov-24 |
91,000 |
23.3463 |
2,124,513.30 |
XPAR |
Total for Period |
468,800 |
23.2951 |
10,920,729.99 |
|
Following the share buybacks detailed above, the
Company holds in total 13,045,041 treasury shares, which represents
approximately 1.4% 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).
About STMicroelectronics
At ST, we are over 50,000 creators and makers of semiconductor
technologies mastering the semiconductor supply chain with
state-of-the-art manufacturing facilities. An integrated device
manufacturer, we work with more than 200,000 customers and
thousands of partners to design and build products, solutions, and
ecosystems that address their challenges and opportunities, and the
need to support a more sustainable world. Our technologies enable
smarter mobility, more efficient power and energy management, and
the wide-scale deployment of cloud-connected autonomous things. We
are committed to achieving our goal to become carbon neutral on
scope 1 and 2 and partially scope 3 by 2027. Further information
can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Jérôme Ramel
EVP Corporate Development & Integrated External
Communication
Tel: +41.22.929.59.20
jerome.ramel@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
alexis.breton@st.com
- C3298C -- Nov 25 2024 -- Disclosure of transactions in Own
Shares PR_FINAL FOR PUBLICATION
ST Microelectronics (BIT:STMMI)
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