STMicroelectronics has shared the full details of its common share repurchase program.
The Program was approved by a shareholder resolution dated May 31, 2018, 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 April 19, 2021, to April 23, 2021, of 442,451 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 31.6619 and for an overall price of EUR 14,008,820.30.
The Company holds in total 10,956,324 treasury shares, which represents approximately 1.2% 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