STMicroelectronics has shared full details of its common share repurchase program. The Program was approved by a shareholder resolution and by the supervisory board.
STMicroelectronics announces the share repurchase on the regulated market of Euronext Paris, in the period between May 17, 2021, to May 21, 2021, of 505,232 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 29.2107 and for an overall price of EUR 14,758,175.17.
Following the share buybacks detailed above, STMicroelectronics holds in total 12,792,068 treasury shares, which represents approximately 1.4% 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 Share Repurchase Program are disclosed on the ST website.