STMicroelectronics (ST) has disclosed 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 announces the share repurchase by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Aug 30, 2021, to Sep 03, 2021, of 129,000 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 37.9117 and for an overall price of EUR 4,890,610.60.
Following the share buybacks detailed, the Company holds in total 2,907,263 treasury shares, which represents approximately 0.3% 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.