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    STM   NL0000226223

STMICROELECTRONICS N.V.

(STM)
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Real-time Euronext Paris  -  11:35 2022-08-08 am EDT
37.40 EUR   -0.53%
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STMicroelectronics Announces Status of Common Share Repurchase Program

05/16/2022 | 08:01am EDT

STMicroelectronics Announces Status of
Common Share Repurchase Program

Disclosure of Transactions in Own Shares – Period from May 09, 2022 to May 13, 2022

AMSTERDAM – May 16, 2022 -- 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 July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 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 May 09, 2022 to May 13, 2022 (the “Period”), of 251,603 ordinary shares (equal to 0.03% of its issued share capital) at the weighted average purchase price per share of EUR 34.9327 and for an overall price of EUR 8,789,166.36.

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

Dates of transactionNumber of share purchasedWeighted average purchase price per share (EUR)Total amount paid (EUR)Market on which the shares were bought (MIC code)
09-May-22 48,713 34.0917 1,660,708.98 XPAR
10-May-22 49,570 33.6421 1,667,638.90 XPAR
11-May-22 50,132 34.1465 1,711,832.34 XPAR
12-May-22 50,495 35.3003 1,782,488.65 XPAR
13-May-22 52,693 37.3199 1,966,497.49 XPAR
Total for Period 251,603 34.9327 8,789,166.36  

Following the share buybacks detailed above, the Company holds in total 8,043,936 treasury shares, which represents approximately 0.9% 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
At ST, we are 48,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and connectivity. ST is committed to becoming carbon neutral by 2027. Further information can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Céline Berthier
Group VP, Investor Relations
Tel : +41.22.929.58.12
celine.berthier@st.com

MEDIA RELATIONS:
Alexis Breton        
Corporate External Communications
Tel: + 33.6.59.16.79.08
alexis.breton@st.com

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Financials (USD)
Sales 2022 15 894 M - -
Net income 2022 3 602 M - -
Net cash 2022 1 319 M - -
P/E ratio 2022 9,94x
Yield 2022 0,63%
Capitalization 34 440 M 34 655 M -
EV / Sales 2022 2,08x
EV / Sales 2023 1,93x
Nbr of Employees 48 254
Free-Float 72,0%
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Number of Analysts 20
Last Close Price 38,19 $
Average target price 51,64 $
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Managers and Directors
Jean-Marc Chery President & Chief Executive Officer
Lorenzo Grandi President-Finance, Purchasing, ERM & Resilience
Maurizio Tamagnini Chairman-Supervisory Board
Orio Bellezza President-Technology, Manufacturing & Quality
Philippe Dereeper Executive Secretary & Chief Compliance Officer
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