Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated January 19, 2021. The report discloses the status of the company's common share repurchase program for the period from January 11, 2021, to January 15, 2021. STMicroelectronics is a global semiconductor leader serving customers across various electronics applications, including mobility, power management, IoT, and 5G technology.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results. Key metrics for the reporting period include:
- Total Shares Repurchased: 305,105 ordinary shares (0.03% of issued share capital).
- Weighted Average Purchase Price: EUR 33.5146 per share.
- Total Amount Paid: EUR 10,225,465.28.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: Following these transactions, the company holds 6,498,141 treasury shares, representing approximately 0.7% of issued share capital.
The filing text does not provide values for revenue, profit, cash flow, margins, debt, or liquidity for this specific period.
Material Changes
This filing reports a specific tranche of share buybacks executed under a program approved by shareholders on May 31, 2018. There are no material changes to operational performance or financial position reported in this document, as it is a regulatory disclosure of capital allocation activity.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly details the execution of the previously announced share buy-back program in compliance with the Market Abuse Regulation (EU) 596/2014.
Investor Verification Checklist
- Verify the total number of treasury shares held (6,498,141) against the company's latest capital structure reports.
- Confirm the remaining authorization limit for the share repurchase program approved in May 2018.
- Review the detailed breakdown of individual trades on the ST investor website as referenced in the filing.
- Check subsequent filings for the next tranche of buyback activity to monitor the program's progress.