STMicroelectronics Announces Status of Common Share Repurchase Program | ELE Times

STMicroelectronics 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 January 04, 2021 to January 08, 2021 (the “Period”), of 368,618 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 32.1798 and for an overall price of EUR 11,862,049.37.

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)
Jan 04, 2021	92,900	31.5836	2,934,116.44	XPAR
Jan 05, 2021	77,100	32.1527	2,478,973.17	XPAR
Jan 06, 2021	63,457	31.8960	2,024,024.47	XPAR
Jan 07, 2021	71,900	32.0910	2,307,342.90	XPAR
Jan 08, 2021	63,261	33.4739	2,117,592.39	XPAR
Total for Period	368,618	32.1798	11,862,049.37

Following the share buybacks detailed above, the Company holds in total 6,193,036 treasury shares, which represents approximately 0.7% 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.

Further information can be found at www.st.com.

The post STMicroelectronics Announces Status of Common Share Repurchase Program appeared first on ELE Times.