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STMicroelectronics Status of Common Share Repurchase Program

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STMicroelectronics Status of Common Share Repurchase Program


Disclosure of Transactions in Own Shares – Period from Oct 31, 2022 to Nov 04, 2022

STMicroelectronics N.V. 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 Oct 31, 2022 to Nov 04, 2022 (the “Period”), of 454,224 ordinary shares (equal to 0.05% of its issued share capital) at the weighted average purchase price per share of EUR 31.6919 and for an overall price of EUR 14,395,244.04.

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 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)
31-Oct-22  89,488  31.9141  2,855,928.98 XPAR
01-Nov-22  89,156  32.0504  2,857,485.46 XPAR
02-Nov-22  90,539  31.7232  2,872,186.80 XPAR
03-Nov-22  94,010  30.8811  2,903,132.21 XPAR
04-Nov-22  91,031  31.9288  2,906,510.59 XPAR
Total for Period  454,224  31.6919  14,395,244.04

Following the share buybacks detailed above, the Company holds in total 6,550,486 treasury shares, which represents approximately 0.7% 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).



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