STMicroelectronics Announces Status of Common Share Repurchase Program

AMSTERDAM – July 29, 2024 -- STMicroelectronics N.V., a global leader in semiconductor technology, disclosed the latest updates on its common share repurchase program. The program, initially approved on May 22, 2024, aims to repurchase shares on Euronext Paris over the period from July 22, 2024, to July 26, 2024.

Between these dates, 331,940 ordinary shares were repurchased, representing 0.04% of the company's issued share capital, at a weighted average price of EUR 34.5040 per share. The total expenditure amounted to EUR 11,453,255.84.

The purpose of these transactions, in accordance with Regulation (EU) 596/2014, is to meet obligations arising from share option programs or other allocations of shares to employees or management bodies. Shares not needed for this purpose may be used lawfully under the same regulation.

As of now, STMicroelectronics holds a total of 9,099,607 treasury shares, which is approximately 1.0% of its issued share capital. A detailed breakdown of individual trades is available on the company’s website.