STMicroelectronics has released full details of its common share repurchase program.
The Program was approved by a shareholder resolution dated May 31, 2018, and by the supervisory board.
STMicroelectronics announces the repurchase on the regulated market of Euronext Paris, in the period between March 08, 2021, to March 12, 2021, of 537,712 ordinary shares (equal to 0.06% of its issued share capital) at the weighted average purchase price per share of EUR 29.5310 and for an overall price of EUR 15,879,170.10.
The Company holds in total 9,546,457 treasury shares, which represents approximately 1.0% of the Company’s issued share capital.
Following 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.