STMicroelectronics has unveiled the full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
STMicroelectronics has announced its repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between May 23, 2022 to May 27, 2022 (the “Period”), of 265,096 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 36.1732 and for an overall price of EUR 9,589,372.71.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.
Transactions in Period
|Dates of transaction||Number of share purchased||Weighted average purchase price per share (EUR)||Total amount paid (EUR)||Market on which the shares were bought (MIC code)|
|Total for Period||265,096||36.1732||9,589,372.71|
Following the share buybacks detailed above, the Company holds in total 8,584,478 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.