STMicroelectronics (ST) has shared the status of common share repurchase program.
The Program was approved by a shareholder resolution dated May 27, 2021, and by the supervisory board.
STMicroelectronics (ST) announces the repurchase on the regulated market of Euronext Paris, in the period between May 16, 2022, to May 20, 2022, of 275,446 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 37.5440 and for an overall price of EUR 10,341,355.59.
Following the share buybacks, the Company holds in total 8,319,382 treasury shares, which represents approximately 0.9% 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.