{"id":29217,"date":"2020-06-22T12:19:00","date_gmt":"2020-06-22T12:19:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/2020\/06\/22\/stmicroelectronics-announces-status-of-common-share-repurchase-program\/"},"modified":"2020-06-22T12:19:00","modified_gmt":"2020-06-22T12:19:00","slug":"stmicroelectronics-announces-status-of-common-share-repurchase-program-3","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/06\/22\/stmicroelectronics-announces-status-of-common-share-repurchase-program-3\/","title":{"rendered":"STMicroelectronics Announces Status of Common Share Repurchase Program"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"231\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4000-st-logo-2020-blue-v-rgb.jpg\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" \/><\/p>\n<p align=\"justify\">STMicroelectronics N.V. (the &ldquo;Company&rdquo; or &ldquo;STMicroelectronics&rdquo;), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the &ldquo;Program&rdquo;) 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.<\/p>\n<p align=\"justify\">STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: &ldquo;STM&rdquo;) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between June 15, 2020 to June 19, 2020 (the &ldquo;Period&rdquo;), of 99,034 ordinary shares (equal to 0.01% of its issued share capital) at the weighted average purchase price per share of EUR 22.5985 and for an overall price of EUR 2,238,019.85.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\"><strong>Transactions in Period<\/strong><\/p>\n<table class=\"gnw_table_border_collapse hugin\">\n<tbody>\n<tr>\n<td class=\"gnw_align_center gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><strong>Dates of transaction<\/strong><\/td>\n<td class=\"gnw_align_center gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\"><strong>Number of share purchased<\/strong><\/td>\n<td class=\"gnw_align_center gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\"><strong>Weighted average purchase price per share (EUR)<\/strong><\/td>\n<td class=\"gnw_align_center gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\"><strong>Total amount paid (EUR)<\/strong><\/td>\n<td class=\"gnw_align_center gnw_border_top_solid gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\"><strong>Market on which the shares were bought (MIC code)<\/strong><\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\">Jun 15, 2020<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;99,034<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;22.5985<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;2,238,019.85<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">XPAR<\/td>\n<\/tr>\n<tr>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid gnw_border_left_solid hugin gnw_vertical_align_top\"><strong>Total for Period<\/strong><\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;99,034<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;22.5985<\/td>\n<td class=\"gnw_align_center gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;2,238,019.85<\/td>\n<td class=\"gnw_border_right_solid gnw_border_bottom_solid hugin gnw_vertical_align_top\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p align=\"justify\">Following the share buybacks detailed above, the Company holds in total 21,116,392 treasury shares, which represents approximately 2.3% of the Company&rsquo;s issued share capital.<\/p>\n<p align=\"justify\">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&nbsp; (https:\/\/investors.st.com\/buyback-program).<em>&nbsp;<\/em><\/p>\n<p><strong>About STMicroelectronics<\/strong><\/p>\n<p align=\"justify\">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&rsquo;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.<br \/>By getting more from technology to get more from life, ST stands for life.augmented.<\/p>\n<p>In 2019, the Company&rsquo;s net revenues were $9.56 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.<\/p>\n<p>For further information, please contact:<br \/>INVESTOR RELATIONS:<br \/>C&eacute;line Berthier<br \/>Group VP, Investor Relations<br \/>Tel&nbsp;: +41.22.929.58.12<br \/>celine.berthier@st.com<\/p>\n<p>MEDIA RELATIONS:<br \/>Alexis Breton&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br \/>Corporate External Communications<br \/>Tel: + 33 6 59 16 79 08<br \/>alexis.breton@st.com<\/p>\n<p class=\"tags\">\n<div><strong>See Campaign: <\/strong><a href=\"http:\/\/st.com\" target=\"_blank\">http:\/\/st.com<\/a><br \/><b>Contact Information:<\/b><br \/>Cline Berthier<br \/>\nGroup VP, Investor Relations<br \/>\nTel: +41.22.929.58.12<br \/>\nceline.berthier@st.com<\/p>\n<p><b>Tags:<\/b><br \/><a href=\"\"><\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/wire\/\" rel=\"category tag\">Wire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/news-category\/disclosure-newswire\/\" rel=\"category tag\">Disclosure Newswire<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/global-regions\/united-states\/\" rel=\"category tag\">United States<\/a>, <a href=\"https:\/\/icrowdnewswire.com\/category\/language\/english\/\" rel=\"category tag\">English<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"\" alt=\"image\" width=\"400\" height=\"300\" class=\"cwdfimg\" \/><\/div>\n<div>\n<h3>Contact Information:<\/h3>\n<p>C\u00e9line Berthier<br \/>\nGroup VP, Investor Relations<br \/>\nTel\u00a0: +41.22.929.58.12<br \/>\nceline.berthier@st.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"231\" src=\"https:\/\/icrowdnewswire.com\/wp-content\/uploads\/2020\/06\/4000-st-logo-2020-blue-v-rgb.jpg\" alt=\"\">STMicroelectronics N.V. (the &ldquo;Company&rdquo; or &ldquo;STMicroelectronics&rdquo;), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the &ldquo;Program&rdquo;) 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. &hellip; <a href=\"https:\/\/icrowdnewswire.com\/2020\/06\/22\/stmicroelectronics-announces-status-of-common-share-repurchase-program\/\">Continue reading <span>STMicroelectronics Announces Status of Common Share Repurchase Program<\/span><\/a> <a href=\"https:\/\/ipsnews.net\/business\/2020\/06\/22\/stmicroelectronics-announces-status-of-common-share-repurchase-program-3\/\" class=\"more-link\">Continue Reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":46,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56,3,22,54],"tags":[],"class_list":["post-29217","post","type-post","status-publish","format-standard","hentry","category-disclosure-newswire","category-english","category-united-states","category-wire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>STMicroelectronics Announces Status of Common Share Repurchase Program - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2020\/06\/22\/stmicroelectronics-announces-status-of-common-share-repurchase-program-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STMicroelectronics Announces Status of Common Share Repurchase Program - Business\" \/>\n<meta property=\"og:description\" content=\"STMicroelectronics N.V. (the &ldquo;Company&rdquo; or &ldquo;STMicroelectronics&rdquo;), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the &ldquo;Program&rdquo;) disclosed via a press release dated November 5, 2018. 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