STMicroelectronics Updates on Its Recent Share Buyback Endeavors
Overview of the Share Repurchase Program
STMicroelectronics N.V., known for its innovative semiconductor solutions, has provided an update on its common share repurchase program. This initiative demonstrates the company's commitment to returning value to shareholders through strategic stock management. Approved by shareholders on May 22, 2024, and supported by the supervisory board, the program includes various transactions occurring between a specified period.
Details of Recent Repurchases
During the recent repurchase period from August 11 to August 15, 2025, STMicroelectronics executed optimal share buybacks. A total of 300,000 ordinary shares were repurchased, amounting to approximately 0.03% of the company’s total issued share capital. These transactions were executed in the regulated market of Euronext Paris at an average price of EUR 22.0187 per share, culminating in a total cost of EUR 6,605,604.00.
Breakdown of Transactions
Here's a brief summary of the share repurchase transactions during the specified period:
- August 11, 2025: 60,000 shares at EUR 21.6084, totaling EUR 1,296,504.00.
- August 12, 2025: 60,000 shares at EUR 21.8086, totaling EUR 1,308,516.00.
- August 13, 2025: 60,000 shares at EUR 22.2805, totaling EUR 1,336,830.00.
- August 14, 2025: 60,000 shares at EUR 22.2092, totaling EUR 1,332,552.00.
- August 15, 2025: 60,000 shares at EUR 22.1867, totaling EUR 1,331,202.00.
Total Repurchase Summary
The total number of shares repurchased across the period reached 300,000, highlighting the company's strategic approach in its buyback program. With this acquisition, STMicroelectronics currently retains 18,340,517 treasury shares, representing about 2% of its total issued capital.
Purpose and Future Implications
The repurchased shares are intended to fulfill obligations arising from share option programs and other allocations to employees and members of the company's governance bodies. Should these shares not be needed for their immediate purpose, they may be repurposed for lawful requirements as established by regulations. This flexibility supports the company's agile strategic management, enhancing shareholder value over time.
STMicroelectronics Commitment to Sustainability
As a significant player in semiconductor technology, STMicroelectronics emphasizes its sustainability goals alongside its financial maneuvers. The company is on track to achieve carbon neutrality in direct and indirect emissions and aims for 100% renewable electricity sourcing by the end of 2027. STMicroelectronics is focused on designing products that cater to emerging technologies, thereby ensuring that their operations are not only profitable but also environmentally responsible.
About STMicroelectronics
STMicroelectronics is a global leader in semiconductor solutions, employing over 50,000 people dedicated to mastering the semiconductor supply chain. Their high-performance technologies serve various sectors, improving mobility and energy management, while also contributing to a more sustainable future through innovative solutions.
Contact and Investor Relations
For more information, STMicroelectronics encourages stakeholders to reach out to its Investor Relations team led by Jérôme Ramel, EVP of Corporate Development. The company is always eager to engage with investors to discuss its initiatives and performance.
Frequently Asked Questions
What is the purpose of STMicroelectronics' share repurchase program?
The program aims to manage stock efficiently, fulfill employee share options, and enhance shareholder value.
How many shares were repurchased during the recent program?
During the specified period, STMicroelectronics repurchased a total of 300,000 ordinary shares.
What is the average purchase price of shares repurchased?
The weighted average purchase price per share was EUR 22.0187.
What percentage of STMicroelectronics’ total shares do the repurchased shares represent?
The repurchased shares account for approximately 0.03% of the total issued share capital.
How does STMicroelectronics integrate sustainability into its operations?
The company is committed to achieving carbon neutrality and focuses on renewable energy, maintaining sustainability as a core objective in its operations.
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