Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. (STM) is dated November 25, 2019. The report discloses transactions in the company's own shares conducted between November 18, 2019, and November 22, 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 capital allocation activities rather than operational financial performance for the period. Key metrics include:
- Shares Repurchased: 100,000 ordinary shares (0.01% of issued share capital).
- Total Cost: EUR 2,190,220.00.
- Weighted Average Purchase Price: EUR 21.9022 per share.
- Treasury Shares Held: 21,243,545 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 material change reported is the reduction of outstanding shares through the repurchase of 100,000 shares on the Euronext Paris regulated market. No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain forward-looking guidance, management commentary on future outlook, or specific risk factors. It serves strictly as a regulatory disclosure of share repurchase activity in compliance with the Market Abuse Regulation (EU) 596/2014.
Investor Verification Checklist
- Verify the total number of treasury shares held (21,243,545) 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 ST investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in share count.