STMicroelectronics has announced full details of its common share repurchase program disclosed via a press release dated November 5th, 2018. The Program was approved by a shareholder resolution dated May 31st, 2018 and by the supervisory board.
STMicroelectronics announced the repurchase on the regulated market of Euronext Paris, in the period between August 19th, 2019 to August 23rd, 2019, of 226,962 ordinary shares (equal to 0.02% of its issued share capital) at the weighted average purchase price per share of €16.2401 and for an overall price of €3,685,892.63.
Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STM, in detailed form.
Transactions in Period
Following the share buybacks detailed above, the Company holds in total 17,850,585 treasury shares, which represents approximately 2.0% 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.
