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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 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)
Mar 30, 2020 198,799 19.1332 3,803,661.03 XPAR
Mar 31, 2020 194,749 19.7454 3,845,396.90 XPAR
Apr 01, 2020 192,612 19.2632 3,710,323.48 XPAR
Apr 02, 2020 191,873 18.7116 3,590,250.83 XPAR
Apr 03, 2020 192,209 18.2059 3,499,337.83 XPAR
Total for Period 970,242 19.0148 18,448,970.07
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

A diligent writer, who has been working from last five years in the same field. She has covered lots of event and expo for travel & judiciary, now covering technology. Book reading, exploring different destinations and varieties of cuisine are some hobbies. Love to watch biographies and historical movies.

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