Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

STMicroelectronics Announces Status of Common Share Repurchase Program

October 14, 2019 GMT

PR N°C2921C

STMicroelectronics Announces Status of Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from Oct 07, 2019 to Oct 11, 2019

AMSTERDAM – October 14, 2019 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated November 5, 2018. The Program was approved by a shareholder resolution dated May 31, 2018 and by the supervisory board.

STMicroelectronics N.V. (registered with the trade register under number 33194537) (LEI: 213800Z8NOHIKRI42W10) (Ticker: “STM”) announces the repurchase (by a broker acting for the Company) on the regulated market of Euronext Paris, in the period between October 07, 2019 to October 11, 2019 (the “Period”), of 378,143 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 17.8716 and for an overall price of EUR 6,758,015.88.

Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM (ISIN: NL0000226223), in detailed form.

Transactions in Period

Number of share Weighted average purchase Market on which the Dates of transaction purchased price per share (EUR) Total amount paid (EUR) shares were bought (MIC code) -------------------- --------------- ------------------------- ----------------------- ----------------------- Oct 07, 2019 77,947 17.7976 1,387,269.53 XPAR -------------------- --------------- ------------------------- ----------------------- ----------------------- Oct 08, 2019 77,427 17.6401 1,365,820.02 XPAR -------------------- --------------- ------------------------- ----------------------- ----------------------- Oct 09, 2019 76,545 17.6023 1,347,368.05 XPAR -------------------- --------------- ------------------------- ----------------------- ----------------------- Oct 10, 2019 74,036 17.6722 1,308,379.00 XPAR -------------------- --------------- ------------------------- ----------------------- ----------------------- Oct 11, 2019 72,188 18.6898 1,349,179.28 XPAR -------------------- --------------- ------------------------- ----------------------- ----------------------- Total for Period 378,143 17.8716 6,758,015.88 -------------------- --------------- ------------------------- ----------------------- -----------------------

Following the share buybacks detailed above, the Company holds in total 19,352,030 treasury shares, which represents approximately 2.1% of the Company’s issued share capital.

In accordance with Article 5(1)(b) of Regulation (EU) 596/2014 (the Market Abuse Regulation) and Article 2(3) of Commission Delegated Regulation (EU) 2016/1052, a full breakdown of the individual trades in the Program are disclosed on the ST website ( https://investors.st.com/buyback-program ).

About STMicroelectronics

ST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST’s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices. By getting more from technology to get more from life, ST stands for life.augmented.

In 2018, the Company’s net revenues were $9.66 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.com.

For further information, please contact:INVESTOR RELATIONS:Céline BerthierGroup VP, Investor RelationsTel : +41.22.929.58.12 celine.berthier@st.com

MEDIA RELATIONS:Alexis Breton Corporate External CommunicationsTel: + 33 6 59 16 79 08 alexis.breton@st.com


-- C2921C - ST - Disclosure of transactions in Own shares-14oct19_FINAL FOR PUBLICATION