Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. covers the period from April 29, 2024, to May 3, 2024. The document discloses transactions in the company's own shares as part of its ongoing share buy-back program, originally approved by shareholders on May 27, 2021.
Key Financial Metrics
The filing details specific share repurchase activity rather than operational financial performance.
- Shares Repurchased: 219,100 ordinary shares (0.02% of issued share capital).
- Weighted Average Purchase Price: EUR 37.5386 per share.
- Total Amount Paid: EUR 8,224,698.35.
- Current Treasury Holdings: 11,327,749 shares (approximately 1.2% of issued share capital).
- Market: Euronext Paris (XPAR).
Revenue, profit, cash flow, margins, debt, and liquidity metrics are not provided in this filing.
Material Changes
The filing reports an increase in treasury shares held by the company following the repurchase of 219,100 shares during the specified period. The purpose of these transactions was to meet obligations arising from debt financial instruments exchangeable into equity instruments.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on operational outlook, or new risk factors. It notes that shares may be held in treasury for the purpose of exchangeable debt obligations or for other lawful purposes under the Market Abuse Regulation if not needed for such obligations.
Investor Verification Checklist
- Verify the total number of treasury shares held (11,327,749) against the company's latest quarterly or annual report.
- Confirm the status of the exchangeable debt instruments driving these specific repurchases.
- Review the full breakdown of individual trades on the STMicroelectronics investor website as referenced in the filing.
- Check subsequent filings for any changes to the remaining authorization under the share buy-back program.