PR N°C2903C
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares – Period from May 27, 2019 to May 31, 2019
AMSTERDAM -
Jun 03, 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 27, 2019 to May 31, 2019 (the “Period”), of 654
,
709 ordinary shares (equal to 0.07% of its issued share capital) at the weighted average purchase price per share of EUR 13
.
5464 and for an overall
price of EUR 8
,
868
,
908
.
40
.
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 27, 2019
|
130,650
|
13.6976
|
1,789,585.30
|
XPAR
|
|
May 28, 2019
|
128,166
|
13.6795
|
1,753,241.54
|
XPAR
|
|
May 29, 2019
|
131,450
|
13.3431
|
1,753,956.80
|
XPAR
|
|
May 30, 2019
|
132,559
|
13.5455
|
1,795,573.16
|
XPAR
|
|
May 31, 2019
|
131,884
|
13.4706
|
1,776,551.60
|
XPAR
|
|
Total for Period
|
654,709
|
13.5464
|
8,868,908.40
|
|
Following the share buybacks detailed above, the Company holds in total 18,725,438 treasury shares, which represents approximately 2
.
1% 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 Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
celine.berthier@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
alexis.breton@st.com