STMicroelectronics Repurchases Shares Worth €11.4 Million

STMicroelectronics Repurchases Shares Worth €11.4 Million

(IN BRIEF) STMicroelectronics has announced that it has repurchased 280,175 of its ordinary shares in the period from April 24, 2023 to April 28, 2023, equivalent to 0.03% of its issued share capital, for a total price of €11,415,416.72. The transactions were carried out to fulfil obligations arising from share option programmes or other allocations of shares to employees or members of the administrative, management or supervisory bodies of the company or of an associate company. Following the repurchases, STMicroelectronics now holds 10,160,378 treasury shares, which represents approximately 1.1% of the company’s issued share capital.

(PRESS RELEASE) AMSTERDAM, 3-MAY-2023 — /EuropaWire/ —STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces 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.

STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Apr 24, 2023 to Apr 28, 2023 (the “Period”), of 280,175 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 40.7439 and for an overall price of EUR 11,415,416.72.

The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from share option programmes, or other allocations of shares, to employees or to members of the administrative, management or supervisory bodies of the issuer or of an associate company.

The shares may be held in treasury prior to being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful purpose under article 5(2) of the Market Abuse Regulation.

Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.

Transactions in Period

Following the share buybacks detailed above, the Company holds in total 10,160,378 treasury shares, which represents approximately 1.1% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).

About STMicroelectronics

At ST, we are over 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. We are committed to achieving our goal of becoming carbon neutral by 2027. Further information can be found at www.st.com.

Media Contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel: +41.22.929.58.12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
alexis.breton@st.com

SOURCE: STMicroelectronics