Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM), dated February 19, 2019, discloses the status of the company's common share repurchase program. The report covers trading activity conducted between February 11, 2019, and February 15, 2019, on the Euronext Paris regulated market.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial performance for the period. Key metrics include:
- Shares Repurchased: 187,957 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 2,718,734.10.
- Weighted Average Price: EUR 14.4647 per share.
- Treasury Shares Held: 15,011,478 shares post-transaction (approximately 1.6% of issued share capital).
- Prior Year Revenue: The filing notes 2018 net revenues were $9.66 billion.
Material Changes
The filing does not provide comparative financial data for the current period versus prior periods. The primary material change reported is the reduction of outstanding shares by 187,957 units and the increase in treasury stock holdings to 1.6% of total issued capital.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future operations, or specific risk factors. It is a routine disclosure of transactions executed under a shareholder-approved program authorized on May 31, 2018. The filing references the Market Abuse Regulation (EU) 596/2014 regarding the disclosure of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (15,011,478) 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 company's investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and total capital returned to shareholders.