Home » STMicroelectronics Announces Status of Common Share Repurchase Program

STMicroelectronics Announces Status of Common Share Repurchase Program

by componentcart
0 comment
STMicroelectronics Announces Status of Common Share Repurchase Program






STMicroelectronics N.V. 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) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between Jul 04, 2022 to Jul 08, 2022 (the “Period”), of  338,379 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 29.1601 and for an overall price of EU 9,867,162.18. 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 shares purchased Weighted average purchase price per share (EUR) Total amount paid (EUR) Market on which the shares were bought (MIC code)
04-Jul-22  89,332  28.8949  2,581,239.21 XPAR
05-Jul-22  60,201  28.1715  1,695,952.47 XPAR
06-Jul-22  76,691  28.9627  2,221,178.43 XPAR
07-Jul-22  69,163  29.9411  2,070,816.30 XPAR
08-Jul-22  42,992  30.1911  1,297,975.77 XPAR
Total for Period  338,379  29.1601  9,867,162.18

Following the share buybacks detailed above, the Company holds in total 4,007,098 treasury shares, which represents approximately 0.4% 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).






Previous articleKIC Releases 24-Channel Profiling Option

Electronics Media is an Indian electronics and tech journalism platform dedicated for international electronics and tech industry. EM covers news from semiconductor, aerospace, defense-e, IOT, design, tech startup, emerging technology, innovation and business trends worldwide. Follow us on twitter for latest update in industry.




Source link

You may also like

Leave a Comment

Technology News

TECHNOLOGY NEWS Provides the coverage of Electronics, Manufacturing & Technology and new trends in the market

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2022 – All Right Reserved. Designed and Developed by Component Cart