Understanding STMicroelectronics' Share Repurchase Program
STMicroelectronics N.V. (the "Company" or "STMicroelectronics"), a leader in the semiconductor industry, has made waves recently with its comprehensive common share repurchase program. This initiative is designed to enhance shareholder value and reflects the Company's commitment to capital efficiency.
Details of the Repurchase Transactions
During the period from January 13, 2025, to January 17, 2025, STMicroelectronics undertook a significant repurchase of 385,400 ordinary shares. This accounted for 0.04% of its issued share capital, with a weighted average purchase price of EUR 23.8548, amounting to a total expenditure of EUR 9,193,646.12.
Purpose of the Share Buyback
The primary goal of these share buybacks is to meet obligations arising from share option programs for employees and members of the administrative, management, or supervisory bodies. This strategic move is crucial as it aligns with the regulations outlined in the Market Abuse Regulation.
Distribution of Repurchased Shares
Post-repurchase, STMicroelectronics holds a total of 14,061,412 treasury shares, representing approximately 1.5% of the Company’s issued share capital. These shares may be retained for future employee benefit plans or utilized for other lawful purposes in accordance with regulatory guidelines.
Highlights of Purchases During the Transaction Period
Below is a concise overview of the repurchase transactions for the specified period:
- January 13, 2025: Purchased 93,400 shares at EUR 23.2583 each, totaling EUR 2,172,325.22 in expenditure.
- January 14, 2025: Acquired 90,000 shares at EUR 23.7321, amounting to EUR 2,135,889.00.
- January 15, 2025: Obtained 66,000 shares at EUR 23.7767, with a total cost of EUR 1,569,262.20.
- January 16, 2025: Bought 71,000 shares at EUR 24.1702, resulting in an outlay of EUR 1,716,084.20.
- January 17, 2025: Finalized with a purchase of 65,000 shares at EUR 24.6167, adding up to EUR 1,600,085.50.
STMicroelectronics: A Leader in Semiconductor Technologies
At STMicroelectronics, innovation and sustainability are at the core of operations. With a workforce of over 50,000 dedicated professionals, the Company not only masters the semiconductor supply chain but also partners with over 200,000 customers globally. Greater focus is being placed on delivering products and solutions that meet today’s energy efficiency and mobility needs while also pursuing ambitious sustainability goals. The target set for achieving carbon neutrality, particularly in scope 1 and 2 emissions, by 2027 is a commendable commitment, embodying the Company's responsibility to the environment.
Contact Information for More Details
For any inquiries regarding the share buyback program, STMicroelectronics' Investor Relations can be reached through:
Jérôme Ramel
EVP Corporate Development & Integrated External Communications
Tel: +41.22.929.59.20
Email: jerome.ramel@st.com
Media Relations
Alexis Breton
Tel: +33.6.59.16.79.08
Email: alexis.breton@st.com
Frequently Asked Questions
What is the purpose of STMicroelectronics' share repurchase program?
The share repurchase program aims to return value to shareholders and meet obligations for share option programs for employees.
How many shares did STMicroelectronics repurchase recently?
During the specified period, the Company repurchased a total of 385,400 ordinary shares.
What is the weighted average purchase price per share?
The weighted average purchase price for the shares repurchased was EUR 23.8548 each.
How does the share buyback impact shareholders?
This initiative can potentially enhance shareholder value by reducing the number of outstanding shares and improving earnings per share.
What commitment has STMicroelectronics made toward sustainability?
STMicroelectronics has committed to achieving carbon neutrality by 2027 for its direct emissions and a portion of indirect emissions.
