STMicroelectronics has reported about the full details of its common share repurchase program. The Program was approved by a shareholder resolution dated May 31, 2018, and by the supervisory board.
STMicroelectronics has announced the repurchase on the regulated market of Euronext Paris, in the period between February 15, 2021, to February 19, 2021 (the “Period”), of 275,009 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 34.9779 and for an overall price of EUR 9,619,233.50.
The Company holds in total 8,130,204 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.
Under 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.