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ST Announced Common Share Repurchase Program

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.

STMicroelectronics has disclosed its common share repurchase program (the “Program”). The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Market-reportSTMicroelectronics has announced the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Oct 31, 2022 to Nov 04, 2022 (the “Period”), of 454,224 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 31.6919 and for an overall price of EUR 14,395,244.04.

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 STM (ISIN: NL0000226223), in detailed form.

Transactions in Period

Dates of transactionNumber of shares purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
31-Oct-22 89,488 31.9141 2,855,928.98XPAR
01-Nov-22 89,156 32.0504 2,857,485.46XPAR
02-Nov-22 90,539 31.7232 2,872,186.80XPAR
03-Nov-22 94,010 30.8811 2,903,132.21XPAR
04-Nov-22 91,031 31.9288 2,906,510.59XPAR
Total for Period 454,224 31.6919 14,395,244.04

Following the share buybacks detailed above, the Company holds in total 6,550,486 treasury shares, which represents approximately 0.7% of the Company’s issued share capital.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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