Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated July 22, 2019. The document serves as a disclosure of transactions in the company's own shares under its previously announced share buy-back program. The specific reporting period for these transactions covers July 15, 2019, to July 19, 2019.
Key Financial Metrics
The filing details specific capital allocation activities rather than operational financial performance for a fiscal period.
- Shares Repurchased: 339,643 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 5,394,680.63.
- Weighted Average Price: EUR 15.8834 per share.
- Treasury Shares Held: 16,410,310 shares (approximately 1.8% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity metrics.
Material Changes
The material change reported is the reduction of outstanding shares through the repurchase of 339,643 shares on the Euronext Paris regulated market. This activity is part of an ongoing program approved by shareholders on May 31, 2018. No material changes to operational results or financial position are disclosed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or specific risk factors. It strictly reports on the execution of the share buy-back program in compliance with the Market Abuse Regulation (EU) 596/2014. A full breakdown of individual trades is referenced as available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,410,310) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Check subsequent filings for updates on the buy-back program status and any new financial results.