STMicroelectronics Announces Status of Common Share Repurchase Program

AMSTERDAM – July 22, 2024 -- STMicroelectronics N.V. has released full details of its common share repurchase program. The program, approved by shareholders on May 22, 2024, was executed by a broker on the Euronext Paris market between July 15, 2024, and July 19, 2024.

During this period, the company repurchased 254,850 ordinary shares, equal to 0.03% of its issued share capital, at an average price of EUR 38.2047 per share. The total cost of the repurchase amounted to EUR 9,736,472.80.

The primary purpose of these transactions was to fulfill obligations from share option programs and other allocations to employees or board members. The repurchased shares may be held in treasury for future use or used for any lawful purpose under article 5(2) of the Market Abuse Regulation.

Following these buybacks, STMicroelectronics holds a total of 8,767,667 treasury shares, representing approximately 1.0% of its issued share capital. Detailed breakdowns of the individual trades can be found on the STMicroelectronics website.