STMicroelectronics Announces Status of Common Share Repurchase Program
May 27 2019 - 5:09AM
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
- C2902C - ST - Disclosure of transactions in Own
shares-27may19
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