STMicroelectronics (ST) has revealed 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 (ST) announces the repurchase on the regulated market of Euronext Paris, in the period between Apr 04, 2022, to Apr 08, 2022, of 268,803 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 36.6278 and for an overall price of EUR 9,845,665.03.
Following the share buybacks detailed above, the Company holds in total 6,908,663 treasury shares, which represents approximately 0.8% 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 Common Share Repurchase Program are disclosed on the ST website.
At ST, the company has around 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities.
An independent device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world.
ST technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology.
ST technology is found everywhere as microelectronics makes a positive contribution to people’s lives.
Chips from ST embedding the most advanced innovations are an essential part of products as diverse as cars and key fobs, giant factory machines and data center power supplies, washing machines and hard disks, and smartphones and toothbrushes.
The company help its customers make these devices more intelligent, more energy efficient, more connected, safer and more secure.
ST is committed to becoming carbon neutral by 2027.