STMicroelectronics (ST) has divulged 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 (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Feb 14, 2022, to Feb 18, 2022, of 315,568 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 39.2258 and for an overall price of EUR 12,378,408.65.
Following the share buybacks detailed, the Company holds in total 6,408,944 treasury shares, which represents approximately 0.7% of the Company’s issued share capital.
In accordance with 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.