STMicroelectronics Announces Status of Common Share Repurchase Program

Amsterdam, May 20, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”) has announced the latest details of its common share repurchase program. The initiative, originally disclosed on July 1, 2021, was approved by a shareholder resolution on May 27, 2021, and by the supervisory board.

The company repurchased 140,758 ordinary shares, representing 0.02% of its issued share capital, between May 13, 2024, and May 17, 2024, at an average price of EUR 38.3516 per share. The total transaction amounted to EUR 5,398,298.87.

The purpose of these transactions was to meet obligations from debt financial instruments exchangeable into equity instruments. Shares may be held in treasury and used for other lawful purposes if not needed for the initial purpose.

Following these buybacks, STMicroelectronics holds 11,643,507 treasury shares, about 1.3% of its issued capital. Detailed transaction information is available on the ST website.