STMicroelectronics has revealed 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 on the regulated market of Euronext Paris, in the period between Jun 21, 2021, to Jun 25, 2021, of 17,613 ordinary shares (equal to 0.002% of its issued share capital) at the weighted average purchase price per share of EUR 30.3218 and for an overall price of EUR 534,057.33.
Following the share buybacks, the Company holds in total 7,992,829 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.
Under Article 5(1)(b) of Regulation (EU) 596/2014 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.