STMicroelectronics N.V., a global semiconductor leader serving customers across the spectrum of electronics applications, announced yesterday full details of its common share repurchase 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 announces the repurchase on the regulated market of Euronext Paris, in the period between March 30, 2020 to April 03, 2020, of 970,242 ordinary shares (equal to 0.1% of its issued share capital) at the weighted average purchase price per share of EUR 19.0148 and for an overall price of EUR 18,448,970.07.
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
Following the share buybacks detailed above, the Company holds in total 22,902,671 treasury shares, which represents approximately 2.5% of the Company’s issued share capital.
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. In 2019, the Company’s net revenues were $9.56 billion.