STMicroelectronics (ST) has declared 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 (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Nov 22, 2021, to Nov 26, 2021 (the “Period”), of 171,899 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of EUR 43.9264 and for an overall price of EUR 7,550,896.10.
Following the share buybacks detailed, the Company holds in total 4,600,659 treasury shares, which represents approximately 0.5% 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.