Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated April 1, 2019. The document serves as a disclosure of transactions in the company's own shares under its previously announced share buy-back program. The specific reporting period for the disclosed transactions is March 25, 2019, to March 29, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the period. Key metrics include:
- Shares Repurchased: 213,918 ordinary shares (0.02% of issued share capital).
- Total Cost: EUR 2,996,788.37.
- Weighted Average Price: EUR 14.0090 per share.
- Treasury Shares Held: 16,835,355 shares (approximately 1.8% 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 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 repurchase of 213,918 shares on the Euronext Paris regulated market. This activity is part of the ongoing share buy-back program approved by shareholders on May 31, 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors. It strictly reports on the execution of the share repurchase program in compliance with the Market Abuse Regulation (EU) 596/2014. A full breakdown of individual trades is referenced as available on the company's investor website.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,835,355) against the company's latest capital structure reports.
- Confirm the remaining authorization amount for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the STMicroelectronics investor website for granular transaction data.
- Check subsequent filings for updates on the buy-back program status and any changes in the weighted average purchase price.