Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated April 20, 2020. The report discloses transactions in the Company's own shares conducted between April 14, 2020, and April 17, 2020, as part of a previously announced share buy-back program approved by shareholders on May 31, 2018.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period.
- Shares Repurchased: 564,682 ordinary shares (0.06% of issued share capital).
- Total Cost: EUR 12,077,915.66.
- Weighted Average Price: EUR 21.3889 per share.
- Treasury Shares Held: 24,165,097 shares (approximately 2.7% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2019 net revenues were $9.56 billion.
Revenue, profit, cash flow, margins, debt, and liquidity metrics for the current reporting period are not provided in this document.
Material Changes
The filing details a reduction in outstanding shares through the repurchase of 564,682 shares on the Euronext Paris regulated market. The weighted average purchase price fluctuated daily between EUR 20.86 and EUR 22.07 during the four-day period.
Guidance, Outlook, and Risks
This filing does not contain forward-looking guidance, management commentary on operational outlook, or specific risk factors. It serves strictly as a regulatory disclosure of share transactions in compliance with the Market Abuse Regulation (EU) 596/2014. A full breakdown of individual trades is available on the Company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (24,165,097) against the latest quarterly or annual report to confirm the 2.7% ownership stake.
- Confirm the remaining authorization limit of the share buy-back program approved in May 2018.
- Review the Company's website for the detailed trade-by-trade breakdown referenced in the filing.
- Check subsequent filings for updated 2020 operational results, as this document only references 2019 revenue.