STMicroelectronics Announces Completion of its 2018 Share Buy-back Program
June 23 2021 - 12:30PM
PR N°C3012C
STMicroelectronics Announces Completion
of its 2018
Share Buy-back Program
AMSTERDAM – June 23, 2021 -- STMicroelectronics
N.V. (the “Company” or “STMicroelectronics”), a global
semiconductor leader serving customers across the spectrum of
electronics applications, announces the completion of the share
buy-back program of $750 million. The Buy Back was launched on
November 5, 2018 (the "Buy-Back ") and its duration was
approximately 2.6 years. The Buy-Back was carried out in accordance
with the authorization of the Supervisory Board and the provisions
of the Market Abuse Regulation (EU) 596/2014 and Commission
Delegated Regulation (EU) 2016/1052.
The Company carried out the Buy-Back and held
the shares bought back as treasury stock for the purpose of meeting
the Company's obligations in relation to its employee stock award
plans.
Through the Buy-Back, the Company repurchased a
total of 31,261,581 shares, on a weighted average purchase price of
€20.5362 per share, for a total of €641,994,242, equivalent to $750
million. There are 911,204,420 issued shares in the Company’s
capital and as of June 21, 2021, the Company holds approximately
eight million treasury shares, representing approximately 0.9
percent of its issued share capital.
Purchases of shares were made through the
regulated market of Euronext Paris.
About STMicroelectronicsAt ST,
we are 46,000 creators and makers of semiconductor technologies
mastering the semiconductor supply chain with state-of-the-art
manufacturing facilities. An independent device manufacturer, we
work with more than 100,000 customers and thousands of partners to
design and build products, solutions, and ecosystems that address
their challenges and opportunities, and the need to support a more
sustainable world. Our technologies enable smarter mobility, more
efficient power and energy management, and the wide-scale
deployment of the Internet of Things and 5G technology. Further
information can be found at www.st.com.
For further information, please contact:INVESTOR
RELATIONS:Céline BerthierGroup VP, Investor RelationsTel :
+41.22.929.58.12Celine.berthier@st.com
MEDIA RELATIONS:Alexis
Breton Corporate
External CommunicationsTel: +
33.6.59.16.79.08alexis.breton@st.com
- C3012C -- COMPLETION OF SHARE BUY-BACK PROGRAM -- FINAL FOR
PUBLICATION
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