STMicroelectronics Shares Buyback Program Gains Momentum
Details on STMicroelectronics' Share Repurchase Program
STMicroelectronics N.V., a leading player in the semiconductor industry, recently provided an update on its common share repurchase program, aimed at enhancing shareholder value. This initiative demonstrates the company’s commitment to maintaining a strong market presence while navigating the complexities of the electronics landscape.
Overview of Share Repurchase Period
The share repurchase program, which was authorized by shareholders, took place over a specified period. During the timeframe of June 2 to June 6, 2025, STMicroelectronics successfully repurchased a total of 306,864 ordinary shares, amounting to approximately 0.03% of its issued share capital. The weighted average purchase price per share for this period was EUR 23.4410, culminating in a total expenditure of approximately EUR 7,193,194.23.
Purpose and Justification of Share Buyback
These acquisitions were in alignment with STMicroelectronics' strategic plan to meet various obligations stemming from share option programs and allocations of shares to employees and members of its management and supervisory bodies. Holding shares in treasury for potential future allocations signifies prudent management of both employee compensation and shareholder interests.
Transaction Highlights
Here is a breakdown of the shares repurchased during the reported period:
Daily Repurchase Details
The transactions were executed in various amounts each day, showcasing the active engagement of STMicroelectronics in the market:
- June 2, 2025: 67,000 shares at EUR 21.6600 per share worth EUR 1,451,220.00
- June 3, 2025: 66,000 shares at EUR 21.8841 per share worth EUR 1,444,350.60
- June 4, 2025: 54,864 shares at EUR 24.0873 per share worth EUR 1,321,525.63
- June 5, 2025: 61,000 shares cost EUR 25.0702 per share totaling EUR 1,529,282.20
- June 6, 2025: 58,000 shares at EUR 24.9451 per share for a total of EUR 1,446,815.80
With these transactions, STMicroelectronics now holds a total of 16,085,740 treasury shares, equating to roughly 1.8% of its issued share capital. This effective strategy solidifies the company’s position in the marketplace.
Regulatory Compliance and Reporting
To maintain transparency, STMicroelectronics adheres strictly to regulatory framework under Article 5(1)(b) of the Market Abuse Regulation, ensuring that all transactions are accurately reported and disclosed. Stakeholders can review a full breakdown of these trades through the company's investor relations section on their official website.
About STMicroelectronics
STMicroelectronics prides itself on its innovative semiconductor technologies, serving over 200,000 clients globally. With a commitment to sustainability, the company aims for carbon neutrality by 2027 through renewable energy initiatives and efficient operational practices.
For any inquiries or more information, STMicroelectronics invites you to reach out to their investor relations and media communication teams. Jérôme Ramel, the EVP of Corporate Development & Integrated External Communication, can be contacted at +41.22.929.59.20, or via email. For media inquiries, Alexis Breton can be reached as well.
Frequently Asked Questions
What is the purpose of the share repurchase program?
The share repurchase program aims to enhance shareholder value by buying back shares potentially for employee stock options and other needs.
How many shares were repurchased?
A total of 306,864 ordinary shares were repurchased during the designated period.
What was the average purchase price of the shares?
The weighted average purchase price per share was EUR 23.4410.
What percentage of issued capital does the repurchased shares represent?
The repurchased shares represent approximately 0.03% of STMicroelectronics' issued share capital.
How does this buyback align with STMicroelectronics' sustainability goals?
The buyback program is part of STMicroelectronics’ broader efforts to manage their capital effectively while pursuing a commitment to a sustainable future.
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