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ST Divulges Common Share Repurchase Program Status

STMicroelectronics (ST) has recently disclosed the full details of its common share repurchase program.

STThe 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 Nov 01, 2021, to Nov 05, 2021, of 215,551 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 42.3455 and for an overall price of EUR 9,127,607.49.

Below is a summary of the repurchase transactions made in the course of the Period concerning the ordinary shares of STM in a detailed form.

Following the share buybacks detailed, the Company holds in total 4,038,237 treasury shares, which represents approximately 0.4% 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.

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A book geek, with creative mind, an electronics degree, and zealous for writing.Creativity is the one thing in her opinion which drove her to enter into editing field. Allured towards south Indian cuisine and culture, love to discover new cultures and their customs. Relishes in discovering new music genres.

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