Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated September 30, 2019. The report discloses transactions in the company's own shares conducted under a previously announced share repurchase program. The specific reporting period for these transactions is September 23, 2019, to September 27, 2019.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period. Key metrics include:
- Shares Repurchased: 139,928 ordinary shares (0.02% of issued share capital).
- Weighted Average Purchase Price: EUR 17.4275 per share.
- Total Amount Paid: EUR 2,438,597.50.
- Treasury Shares Held: Following these transactions, the company holds 18,585,862 treasury shares, representing approximately 2.0% of issued share capital.
- Historical Revenue: The filing notes that 2018 net revenues were $9.66 billion.
The filing text does not provide clear values for current period revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The material change reported is the reduction of outstanding shares through the buyback program. The company executed trades on the Euronext Paris regulated market (MIC code: XPAR) over five trading days. No other material changes to operations or financial position are detailed in this specific filing.
Guidance, Outlook, and Risks
This filing does not contain updated financial guidance, management commentary on future 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. The company directs investors to its website for a full breakdown of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (18,585,862) against the company's latest 20-F or annual report.
- Confirm the remaining authorization limit for the share repurchase program approved on May 31, 2018.
- Review the full trade breakdown on the STMicroelectronics investor relations website as referenced in the filing.
- Check subsequent filings for the next tranche of buyback activity or program termination.