STMicroelectronics Reports Progress on Share Repurchase Program

AMSTERDAM – August 26, 2024 -- STMicroelectronics N.V. (the "Company" or "STMicroelectronics"), a leading player in the global semiconductor industry, has disclosed the details of its common share repurchase program approved by both shareholders and the supervisory board in May 2024.

From August 19, 2024, to August 23, 2024, the Company repurchased 353,300 ordinary shares on the Euronext Paris market. The shares, representing 0.04% of its issued share capital, were bought at a weighted average price of EUR 28.0536, totaling approximately EUR 9.9 million.

The repurchases aim to meet obligations from share option programs and other allocations to company employees and management. The acquired shares may be held in treasury or used for other lawful purposes if unnecessary for their initial purpose.

As of the latest count, STMicroelectronics holds 9,665,916 treasury shares, accounting for around 1.1% of its issued share capital.