STMicroelectronics Announces Status of Common Share Repurchase Program

AMSTERDAM – June 10, 2024 -- STMicroelectronics N.V. has disclosed full details of its common share repurchase program. The program, approved on May 27, 2021, involved the repurchase of 30,678 ordinary shares between June 03, 2024, and June 07, 2024.

The shares were bought at an average price of EUR 40.8306 per share, totaling EUR 1,252,600.16. The transactions aimed to meet obligations from debt financial instruments exchangeable into equity instruments. Any shares not required for this purpose can be used for other lawful purposes under the Market Abuse Regulation.

The total holdings of treasury shares reached 7,609,566, representing approximately 0.8% of the issued share capital. A detailed breakdown of the repurchase transactions can be found on the STMicroelectronics website.