STMicroelectronics Share Buyback Program Update and Insights
STMicroelectronics Announces Share Buyback Program Details
STMicroelectronics N.V., recognized as a leader in the semiconductor industry, is dedicated to serving clients across various electronics applications. Recently, the company has shared comprehensive details about its share repurchase initiative.
Understanding the Share Repurchase Program
Approved by shareholders and the supervisory board, the repurchase program was initially revealed in a previous announcement. It involves the company buying back its ordinary shares from the market to bolster shareholder value. During a set period, the company carried out repurchases amounting to 164,322 shares, which is about 0.02% of its total issued share capital.
Transaction Insights
In alignment with article 5(2) of the Market Abuse Regulation, the repurchases, executed by a broker on the Euronext Paris, were accomplished across several dates. Here’s a brief overview of the transactions:
Total Shares Repurchased: 164,322 shares over three days.
On June 16, 2025, 53,000 shares were repurchased, followed by 57,000 shares on June 17, and finally 54,322 shares on June 18, all at competitive pricing that averaged EUR 25.3783 per share.
Objectives Behind the Buyback
This strategic move, as mentioned earlier, aims to fulfill obligations related to employee share option plans. By holding these shares in treasury, STMicroelectronics ensures that they are available for future allocations or other legitimate uses as needed.
Current Treasury Holdings
Following these transactions, STMicroelectronics now holds a total of approximately 16,522,062 treasury shares, which represents nearly 1.8% of its overall issued share capital. This retention signals the company's ongoing commitment to maximizing shareholder returns.
Commitment to Sustainable Operations
STMicroelectronics is not just focused on its financial maneuvers; the company is also committed to sustainability. It aims for carbon neutrality across all direct and indirect emissions, and is working diligently to meet its renewable electricity sourcing targets by 2027.
With over 50,000 employees globally, the company is constantly pushing the envelope in semiconductor technology while responding to challenges within the industry. By collaborating with a vast network of clients and partners, STMicroelectronics is not only enhancing its product offerings but also contributing to a greener future.
Company Contact Information
For any inquiries related to the share buyback program, interested parties can reach out to:
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 increase shareholder value and meet obligations from share options for employees.
How many shares has STMicroelectronics repurchased?
Over the disclosed period, the company repurchased 164,322 ordinary shares.
Where were the shares repurchased?
The shares were bought back on the regulated market of Euronext Paris.
What is the average purchase price for the shares?
The weighted average purchase price was EUR 25.3783 per share.
How does this buyback affect STMicroelectronics' treasury shares?
After the buyback, STMicroelectronics holds around 16,522,062 treasury shares, equating to approximately 1.8% of its issued share capital.
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