AMSTERDAM – February 11, 2020 – STMicroelectronics announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 and by the supervisory board.
STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between February 03, 2020 to February 07, 2020 (the “Period”), of 403,987 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 26.6623 and for an overall price of EUR 10,771,219.97.
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) |
| Feb 03, 2020 | 98,166 | 25.5407 | 2,507,228.36 | XPAR |
| Feb 04, 2020 | 98,588 | 26.4967 | 2,612,256.66 | XPAR |
| Feb 05, 2020 | 98,679 | 27.2462 | 2,688,627.77 | XPAR |
| Feb 06, 2020 | 102,999 | 27.3187 | 2,813,798.78 | XPAR |
| Feb 07, 2020 | 5,555 | 26.8782 | 149,308.40 | XPAR |
| Total for Period | 403,987 | 26.6623 | 10,771,219.97 |
Following the share buybacks detailed above, the Company holds in total 21,716,379 treasury shares, which represents approximately 2.4% of the Company’s issued share capital.
In accordance with 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 (https://investors.st.com/buyback-program).
In 2019, the Company’s net revenues were $9.56 billion, serving more than 100,000 customers worldwide.
Further information can be found at www.st.com.
