STMicroelectronics (ST) has shared 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.
ST announces the repurchase on the regulated market of Euronext Paris, in the period between Feb 07, 2022, to Feb 11, 2022, of 308,846 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 39.8955 and for an overall price of EUR 12,321,577.42.
Following the share buybacks detailed, the Company holds in total 6,093,376 treasury shares, which represents approximately 0.7% 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.