STMicroelectronics Announces Status of Common Share Repurchase Program

Date : 05/27/2019 @ 5:09PM
Source : GlobeNewswire Inc.
Stock : Stmicroelectronics (STM)
Quote : 25.07  0.31 (1.25%) @ 10:00PM
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STMicroelectronics Announces Status of Common Share Repurchase Program

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STMicroelectronics Announces Status of Common Share Repurchase Program

PR N°C2902C

STMicroelectronics Announces Status of  Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 20, 2019 to May 24, 2019

AMSTERDAM - May 27, 2019 -- 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 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 May 20, 2019 to May 24, 2019 (the “Period”), of 660,760 ordinary shares (equal to 0.07% of its issued share capital) at the weighted average purchase price per share of EUR 14.2790 and for an overall price of EUR 9,434,984.72.

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)
May 20, 2019 128,430 14.4193 1,851,875.71 XPAR
May 21, 2019 134,151 14.6090 1,959,806.46 XPAR
May 22, 2019 135,852 14.6195 1,986,082.47 XPAR
May 23, 2019 132,101 13.9715 1,845,643.57 XPAR
May 24, 2019 130,226 13.7574 1,791,576.51 XPAR
Total for Period 660,760 14.2790 9,434,984.72  

Following the share buybacks detailed above, the Company holds in total 19,867,419 treasury shares, which represents approximately 2.2% 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).

About STMicroelectronics

ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST’s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

In 2018, the Company’s net revenues were $9.66 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.

For further information, please contact:INVESTOR RELATIONS:Céline BerthierGroup VP, Investor RelationsTel : +41.22.929.58.12celine.berthier@st.com

MEDIA RELATIONS:Alexis Breton           Corporate External CommunicationsTel: + 33 6 59 16 79 08alexis.breton@st.com

 

Attachment

  • C2902C - ST - Disclosure of transactions in Own shares-27may19
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