Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated December 9, 2019. The report discloses transactions in the Company's own shares conducted between December 2, 2019, and December 6, 2019, 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. Key metrics disclosed include:
- Shares Repurchased: 24,432 ordinary shares (0.003% of issued share capital).
- Weighted Average Purchase Price: EUR 21.7824 per share.
- Total Amount Paid: EUR 532,187.60.
- Treasury Shares Held: 21,322,600 shares (approximately 2.3% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2018 net revenues were $9.66 billion.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures.
Material Changes
The filing does not report material changes to the Company's financial position or operations compared to prior periods. It solely reports the incremental reduction in outstanding shares and the increase in treasury stock resulting from the specific buy-back window.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It is a routine disclosure of share repurchase compliance under the Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (21,322,600) against the Company's latest quarterly or annual report.
- 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 any new financial results.