Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated November 12, 2018. The document serves as a disclosure of transactions in the company's own shares under a previously announced share buy-back program. The specific reporting period for the disclosed transactions is November 5, 2018, to November 9, 2018.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity rather than operational financial performance. Key metrics for the reporting period include:
- Total Shares Repurchased: 1,152,758 ordinary shares (0.1% of issued share capital).
- Total Amount Paid: EUR 15,312,987.20.
- Weighted Average Purchase Price: EUR 13.2838 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held Post-Transaction: 9,721,849 shares (approximately 1.1% of issued share capital).
Historical context provided in the text notes that 2017 net revenues were $8.35 billion. The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing details the execution of the share buy-back program approved by shareholders on May 31, 2018. There are no material changes to operational results or financial position reported in this document, as it is a regulatory disclosure of specific trading activity. The daily weighted average purchase price fluctuated between EUR 13.0079 and EUR 13.5039 during the five-day period.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly reports on the completion of trades within the authorized program. The company notes that a full breakdown of individual trades is available on its website in accordance with EU Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (9,721,849) 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 full trade breakdown on the company website (www.st.com) for granular transaction data.
- Check subsequent filings for updates on the buy-back program status and any new financial results.