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STMicroelectronics Announces Repurchase Program Status

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.

ST ProgramSTMicroelectronics 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 transactionNumber of share purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
23-May-22 54,894 36.8526 2,022,986.62XPAR
24-May-22 54,378 35.9738 1,956,183.30XPAR
25-May-22 53,384 35.5467 1,897,625.03XPAR
26-May-22 51,271 35.5746 1,823,945.32XPAR
27-May-22 51,169 36.9097 1,888,632.44XPAR
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.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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