STMicroelectronics has decided to share full details of its common share repurchase program.
The Program was approved by a shareholder resolution dated May 27, 2021, and by the supervisory board.
STMicroelectronics announces the repurchase on the regulated market of Euronext Paris, in the period between Jul 19, 2021, to Jul 23, 2021, of 257,310 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 31.9992 and for an overall price of EUR 8,233,708.72.
Following the share buybacks details, the Company holds in total 8,743,339 treasury shares, which represents approximately 1.0% 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 at the ST site.