Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 15 2024 - 4:15PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month
of July, 2024
Commission
File Number: 1-13546
STMicroelectronics N.V.
(Name
of Registrant)
WTC Schiphol Airport
Schiphol Boulevard 265
1118 BH Schiphol Airport
The Netherlands
(Address
of Principal Executive Offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F x Form 40-F
o
Enclosure: A press release dated July
15, 2024, announcing the results of trading in STMicroelectronics' own shares as part of the previously announced share buy-back program
for the period from July 8, 2024, to July 12, 2024.
![](https://www.sec.gov/Archives/edgar/data/932787/000094787124000615/image_001.jpg)
PR N°C3271C
STMicroelectronics Announces Status of
Common Share Repurchase Program
Disclosure of Transactions in Own Shares –
Period from Jul 08, 2024 to Jul 12, 2024
AMSTERDAM – July 15, 2024 -- 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 June 21, 2024. The Program was approved by a shareholder resolution dated May 22, 2024 and by the supervisory board.
STMicroelectronics N.V. (registered with the
trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) announces the repurchase (by a broker acting for the Company) on the
regulated market of Euronext Paris, in the period between Jul 08, 2024 to Jul 12, 2024 (the “Period”), of 238,000 ordinary
shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 38.9268 and for an overall
price of EUR 9,264,576.38.
The purpose of these transactions under article
5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are
exchangeable into equity instruments.
The shares may be held in treasury prior to
being used for such purpose and, to the extent that they are not ultimately needed for such purpose, they may be used for any other lawful
purpose under article 5(2) of the Market Abuse Regulation.
Below is a summary of the repurchase transactions
made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.
Transactions in Period
Dates of transaction |
Number of shares purchased |
Weighted average purchase price per share (EUR) |
Total amount paid (EUR) |
Market on which the shares were bought (MIC code) |
7/8/2024 |
62,000 |
39.0375 |
2,420,325.00 |
XPAR |
7/9/2024 |
45,230 |
38.7807 |
1,754,051.06 |
XPAR |
7/10/2024 |
47,870 |
38.6711 |
1,851,185.56 |
XPAR |
7/11/2024 |
40,000 |
39.2504 |
1,570,016.00 |
XPAR |
7/12/2024 |
42,900 |
38.9044 |
1,668,998.76 |
XPAR |
Total for Period |
238,000 |
38.9268 |
9,264,576.38 |
|
Following the share buybacks detailed above,
the Company holds in total 8,512,817 treasury shares, which represents approximately 0.9% of the Company’s issued share capital.
In accordance with Article 5(1)(b) of 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/stock-and-bond-information/share-buyback).
About STMicroelectronics
At ST, we are over 50,000 creators and makers of semiconductor technologies
mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with
more than 200,000 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 cloud-connected autonomous things. We are committed to achieving our goal to become
carbon neutral on scope 1 and 2 and partially scope 3 by 2027. Further information can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
celine.berthier@st.com
MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com
![](https://www.sec.gov/Archives/edgar/data/932787/000094787124000615/image_002.jpg)
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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STMicroelectronics N.V. |
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Date: |
July 15, 2024 |
By: |
/s/ Lorenzo Grandi |
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Name: |
Lorenzo Grandi |
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Title: |
Chief Financial Officer
President, Finance, Purchasing, ERM and Resilience |
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