Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated July 15, 2019. The report discloses transactions in the company's own shares as part of a previously announced share buy-back program. The specific reporting period for these transactions covers July 8, 2019, to July 12, 2019.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period. Key metrics disclosed include:
- Shares Repurchased: 447,749 ordinary shares (0.05% of issued share capital).
- Total Cost: EUR 7,024,127.78.
- Weighted Average Price: EUR 15.6877 per share.
- Treasury Shares Held: Following these transactions, the company holds 16,070,667 treasury shares, representing approximately 1.8% of issued share capital.
- Historical Revenue: The filing notes that 2018 net revenues were $9.66 billion.
The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The material change reported is the reduction of outstanding shares through the buy-back program. The company executed trades on the Euronext Paris regulated market (MIC code: XPAR) over five consecutive trading days. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on future outlook, or specific risk factors. It serves strictly as a regulatory disclosure of share repurchase transactions in compliance with the Market Abuse Regulation (EU) 596/2014. The company directs investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,070,667) against the company's latest capital structure reports.
- Confirm the remaining authorization under the share buy-back program approved on May 31, 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor relations website as referenced in the filing.
- Check subsequent filings for updated revenue and profit figures, as this document only cites 2018 historical revenue.