STMicroelectronics Announces Status of Common Share Repurchase Program

Date : 11/18/2019 @ 7:00PM
Source : GlobeNewswire Inc.
Stock : Stmicroelectronics (STM)
Quote : 24.19  0.48 (2.02%) @ 12:35AM
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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°C2927C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Nov 11, 2019 to Nov 15, 2019

AMSTERDAM – November 18, 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 November 11, 2019 to November 15, 2019 (the “Period”), of 50,000 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 22.0159 and for an overall price of EUR 1,100,795.00.

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 transactionNumber of share purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
Nov 15, 2019 50,000 22.0159 1,100,795.00XPAR
Total for Period 50,000 22.0159 1,100,795.00 

Following the share buybacks detailed above, the Company holds in total 21,143,545 treasury shares, which represents approximately 2.3% 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

  • C2927C - ST - Disclosure of transactions in Own shares-18nov19 _FINAL FOR PUBLICATION
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