Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated January 13, 2020. The document discloses transactions in the company's own shares conducted between January 6, 2020, and January 10, 2020, as part of a previously announced share buy-back program approved by shareholders on May 31, 2018.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for a fiscal period. Key metrics include:
- Shares Repurchased: 354,197 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 8,721,760.70.
- Weighted Average Price: EUR 24.6240 per share.
- Treasury Shares Held: 20,177,220 shares (approximately 2.2% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2018 net revenues were $9.66 billion.
Revenue, profit, cash flow, margins, debt, and liquidity figures for the current reporting period are not provided in this document.
Material Changes
The filing details a reduction in outstanding shares through the open market repurchase of 354,197 shares on Euronext Paris. There is no comparative data provided for the prior period within this specific filing to assess material changes in operational performance.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies. It strictly reports on the execution of the 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 (20,177,220) against the company's latest 20-F annual report.
- Confirm the remaining authorization limit for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the ST investor website as referenced in the filing.
- Check subsequent filings for updated 2019 or 2020 financial results, as this filing only references 2018 revenue.