STMicroelectronics Reports on Recent Share Buyback Activity
STMicroelectronics Provides Update on Share Repurchase Program
AMSTERDAM – STMicroelectronics N.V. (the "Company" or "STMicroelectronics"), a prominent player in the semiconductor industry serving diverse electronics applications, has exciting news regarding its common share repurchase program. This initiative was made public in a previous announcement, showcasing STMicroelectronics’ commitment to its shareholders and market presence.
Details of the Recent Repurchase Transactions
The Company, registered under the trade number 33194537 and carrying LEI: 213800Z8NOHIKRI42W10, officially disclosed the buybacks executed on the regulated market of Euronext Paris within a specific time frame. Between April 28 and May 2, 2025, 285,500 ordinary shares were repurchased, corresponding to around 0.03% of the Company’s issued share capital. The weighted average price for these shares was EUR 20.1935, culminating in a total expenditure of approximately EUR 5,765,240.90.
Purpose of the Share Repurchase Program
These transactions are integral to meeting commitments arising from share option programs and other allocations intended for employees and key executives within the Company or its affiliated entities. This strategy not only strengthens employee retention but also aligns the interests of key stakeholders with those of shareholders.
Summary of Transactions
Below is a summary of the notable share repurchase activity during the said period:
Transaction Overview
During this buyback period, the following transactions were recorded:
28-Apr-25: Purchased 70,000 shares at EUR 20.4859 each, totaling EUR 1,434,013.00.
29-Apr-25: Purchased another 70,000 shares at EUR 20.1148, amounting to EUR 1,408,036.00.
30-Apr-25: A further acquisition of 82,500 shares occurred at EUR 19.8504, totaling EUR 1,637,658.00.
2-May-25: Finally, 63,000 shares were bought at EUR 20.4053 each for a total of EUR 1,285,533.90.
The cumulative total of shares acquired in this period reached 285,500, with an average price of EUR 20.1935, cost-effective management in action as clearly exhibited.
Impact on Shareholder Value
Overall, following the transactions mentioned, STMicroelectronics now holds a total of 18,685,709 treasury shares, which approximate to 2.1% of its total issued share capital. This buyback initiative not only reflects a positive outlook by the Company towards enhancing shareholder value but also indicates a belief in its sustainable growth trajectory.
Corporate Sustainability Commitments
STMicroelectronics is at the forefront of innovation, continuously pushing boundaries in semiconductor technology. The Company aims to be carbon neutral across all areas by a set timeline, reflecting its commitment to sustainability and social responsibility. By promoting greener technologies and striving for 100% renewable electricity usage by late 2027, STMicroelectronics ensures a better, sustainable future.
Contact Information
For those seeking further assistance or detailed inquiries regarding the share repurchase program or STMicroelectronics’ strategic direction, please reach out via:
Investor Relations:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41.22.929.59.20
Email: jerome.ramel@st.com
Media Relations:
Alexis Breton
Corporate External Communications
Tel: +33.6.59.16.79.08
Email: alexis.breton@st.com
Frequently Asked Questions
What is the purpose of the share repurchase program?
The program aims to meet commitments related to share option programs for employees and executives.
How many shares were repurchased during the recent period?
A total of 285,500 ordinary shares were repurchased, which is approximately 0.03% of the Company’s issued share capital.
What was the weighted average purchase price per share?
The average purchase price was EUR 20.1935 per share during the buyback period.
How does the repurchase affect shareholder value?
The repurchase is expected to enhance shareholder value by demonstrating the Company’s confidence in its growth and profitability.
What sustainability goals does STMicroelectronics have?
STMicroelectronics aims to achieve carbon neutrality and 100% renewable electricity sourcing by the end of 2027, ensuring a sustainable operational model.
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