STMicroelectronics Announces S – GuruFocus.com

STMicroelectronics announces the status of
Common share buyback program

Disclosure of trading in own shares – Period from Oct 24, 2022 at Oct 282022

AMSTERDAM- October 312022 — STMicroelectronics NV (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common stock repurchase program (the ” Programme”) disclosed via a press release dated July 1, 2021. The Program was approved by a resolution of the shareholders dated May 27, 2021 and by the Supervisory Board.

STMicroelectronics NV (registered in the commercial register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: “STM”) announces the acquisition (by a broker acting on behalf of the Company) on the regulated market of Euronext Paris, in the period from October 24, 2022 to October 28, 2022 (the “Period”), of 197,935 ordinary shares (equivalent to 0.02% of its issued share capital) at a weighted average purchase price per share of EUR 33.2773 and for an overall price of EUR 6,586,734.96.

The purpose of these transactions under Article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from stock option programs, or other awards of shares, employees or members of the administration, management or supervisory bodies of the issuer or an associated company.

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

You will find below a summary of the redemption transactions carried out during the Period relating to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.

Transactions in the period

Trade dates Number of actions bought Weighted average purchase price per share (EUR) Total amount paid (EUR) Market on which the shares were purchased (MIC code)
24 Oct 22 50,471 33.9314 1,712,551.69 XPAR
25-Oct-22 35,987 34.2399 1,232,191.28 XPAR
26 Oct 22 35,414 34.3593 1,216,800.25 XPAR
Oct 27, 22 36,940 32.6712 1,206,874.13 XPAR
28 Oct 22 39 123 31.1407 1,218,317.61 XPAR
Total for the period 197,935 33.2773 6,586,734.96

Following the share buybacks detailed above, the Company holds a total of 6,096,262 treasury shares, which represents approximately 0.7% of the issued share capital of the Company.

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 individual transactions of the program is published on ST’s website ( https://investors.st.com/stock-and-bond-information/share-buyback).

About STMicroelectronics
At ST, we are 48,000 creators and manufacturers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. As a manufacturer of embedded devices, we work with more than 200,000 customers and thousands of partners to design and create products, solutions and ecosystems that meet their challenges and opportunities, and the need to support a world more sustainable. Our technologies enable smarter mobility, more efficient power and energy management, and the large-scale deployment of the Internet of Things and connectivity. ST is committed to becoming carbon neutral by 2027. More information is available at www.st.com.

For more information, please contact:
INVESTOR RELATIONS:
Celine Berthier
Group Vice President, Investor Relations
Tel: +41.22.929.58.12
[email protected]

MEDIA RELATIONS:
Alexis Breton
External company communications
Tel: +33.6.59.16.79.08
[email protected]

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