STMicroelectronics Announces Status ofCommon Share Repurchase Program

PR NdegC2945C 
 
   STMicroelectronics Announces Status of Common Share Repurchase Program 
 
   Disclosure of Transactions in Own Shares -- Period from Feb 24, 2020 to 
Feb 28, 2020 
 
   AMSTERDAM -- March 2, 2020 -- STMicroelectronics N.V. (the "Company" or 
"STMicroelectronics"), a global semiconductor leader serving customers 
across the spectrum of electronics applications, announces full details 
of its common share repurchase program (the "Program") disclosed via a 
press release dated November 5, 2018. The Program was approved by a 
shareholder resolution dated May 31, 2018 and by the supervisory board. 
 
   STMicroelectronics N.V. (registered with the trade register under number 
33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: "STM") announces the 
repurchase (by a broker acting for the Company) on the regulated market 
of Euronext Paris, in the period between February 24, 2020 to February 
28, 2020 (the "Period"), of 221,470 ordinary shares (equal to 0.02% of 
its issued share capital) at the weighted average purchase price per 
share of EUR 23.5436 and for an overall price of EUR 5,214,193.27. 
 
   Below is a summary of the repurchase transactions made in the course of 
the Period in relation to the ordinary shares of STM (ISIN: 
NL0000226223), in detailed form. 
 
   Transactions in Period 
 
 
 
 
                                    Weighted                       Market on 
                                    average                        which the 
                   Number of     purchase price                   shares were 
Dates of             share         per share      Total amount    bought (MIC 
transaction        purchased         (EUR)         paid (EUR)        code) 
---------------  --------------  --------------  --------------  ------------- 
Feb 24, 2020             50,000         26.2677    1,313,385.00           XPAR 
---------------  --------------  --------------  --------------  ------------- 
Feb 25, 2020             90,000         21.1211    1,900,899.00           XPAR 
---------------  --------------  --------------  --------------  ------------- 
Feb 27, 2020             81,470         24.5478    1,999,909.27           XPAR 
---------------  --------------  --------------  --------------  ------------- 
Total for 
 Period                 221,470         23.5436    5,214,193.27 
---------------  --------------  --------------  --------------  ------------- 
 
 
   Following the share buybacks detailed above, the Company holds in total 
21,937,100 treasury shares, which represents approximately 2.4% of the 
Company's issued share capital. 
 
   In accordance with Article 5(1)(b) of Regulation (EU) 596/2014 (the 
Market Abuse Regulation) and Article 2(3) of Commission Delegated 
Regulation (EU) 2016/1052, a full breakdown of the individual trades in 
the Program are disclosed on the ST website 
(https://investors.st.com/buyback-program). 
 
   About STMicroelectronics 
 
   ST is a global semiconductor leader delivering intelligent and 
energy-efficient products and solutions that power the electronics at 
the heart of everyday life. ST's products are found everywhere today, 
and together with our customers, we are enabling smarter driving and 
smarter factories, cities and homes, along with the next generation of 
mobile and Internet of Things devices. 
 
   By getting more from technology to get more from life, ST stands for 
life.augmented. 
 
   In 2019, the Company's net revenues were $9.56 billion, serving more 
than 100,000 customers worldwide. Further information can be found at 
www.st.com. 
 
   For further information, please contact: 
 
   INVESTOR RELATIONS: 
 
   Céline Berthier 
 
   Group VP, Investor Relations 
 
   Tel: [phone] 
 
   [e-mail] 
https://www.globenewswire.com/Tracker?data=b1JgaP8EqglVi9NzYEva6L2kvMnelpMuxWtX1-uhYAwsL2hUoFB3bxXNXyPCOOIF3uAys4W-NQ4UHgTB91Sob9woMBDjEY5YtrP77G9Y0Ug= 
 
 
   MEDIA RELATIONS: 
 
   Alexis Breton 
 
   Corporate External Communications 
 
   Tel: + 33 6 59 16 79 08 
 
   [e-mail] 
https://www.globenewswire.com/Tracker?data=MnawdIvtYlX3j9a5TO_dDjDvkRDFcEVgPWwjsORZ1il8jbqEBrGPQhm9iPGoenRsQrUrhVZyfFpJ7x2yUa2u7q2iRngT5OLAaaiJuJ7GLU8= 
 
 
   Attachment 
 
 
   -- C2945C - Disclosure of transactions in Own shares-02mar20 FINAL FOR 
      PUBLICATION 
      https://ml-eu.globenewswire.com/Resource/Download/1c8ea716-206e-4d20-81e3-bcb8d2824372 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

March 02, 2020 04:00 ET (09:00 GMT)