STMicroelectronics Announces Status of Common Share Repurchase Program

PR N°C2884C STMicroelectronics Announces Status ofCommon Share Repurchase Program Disclosure of Transactions in Own Shares - Period from March 18, 2019 to March 22, 2019 AMSTERDAM -March 25, 2019 -- STMicroelectronics N.V. (the "Company" or "STMicroelectronics"), a global...

London, 25/03/2019 (informazione.it - comunicati stampa - information technology)

PR N°C2884C

March 25, 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 March 18, 2019 to March 22, 2019 (the "Period"), of 326,717 ordinary shares (equal to 0.04% of its issued share capital) at the weighted average purchase price per share of EUR 14.4670 and for an overall price of EUR 4,726,633.23.

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.

Following the share buybacks detailed above, the Company holds in total 16,625,524 treasury shares, which represents approximately 1.8% 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).

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 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