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STMicroelectronics Shares Status of its Repurchase Program

STMicroelectronics has announced full details of its common share repurchase program (the “Program”) disclosed via a press release dated November 5, 2018.

STMICROThe 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 March 30, 2020 to April 03, 2020 (the “Period”), of 970,242 ordinary shares (equal to 0.1% of its issued share capital) at the weighted average purchase price per share of EUR 19.0148 and for an overall price of EUR 18,448,970.07.

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.

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)
Mar 30, 2020198,79919.13323,803,661.03XPAR
Mar 31, 2020194,74919.74543,845,396.90XPAR
Apr 01, 2020192,61219.26323,710,323.48XPAR
Apr 02, 2020191,87318.71163,590,250.83XPAR
Apr 03, 2020192,20918.20593,499,337.83XPAR
Total for Period970,24219.014818,448,970.07
Following the share buybacks detailed above, the Company holds in total 22,902,671 treasury shares, which represents approximately 2.5% 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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