Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated January 14, 2019. The report discloses transactions in the company's own shares conducted under a previously announced share buy-back program. The specific reporting period for these transactions covers January 7, 2019, to January 11, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period. Key metrics disclosed include:
- Shares Repurchased: 412,097 ordinary shares (0.05% of issued share capital).
- Total Cost: EUR 4,849,936.48.
- Weighted Average Price: EUR 11.7689 per share.
- Treasury Shares Held: 13,572,632 shares (approximately 1.5% of issued share capital) following these transactions.
- Historical Revenue: The filing notes 2017 net revenues were $8.35 billion; no 2018 or 2019 operational revenue, profit, or cash flow data is provided in this document.
Material Changes
The filing does not report material changes to the company's business operations, revenue, or profitability. The primary change reported is the reduction of outstanding shares and the increase in treasury stock resulting from the buy-back activity during the specified week.
Guidance, Outlook, and Risks
This 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 activity in compliance with the Market Abuse Regulation (EU) 596/2014.
Investor Verification Checklist
- Verify the total number of treasury shares held (13,572,632) against the company's latest quarterly or annual report to confirm the percentage of issued share capital.
- Confirm the remaining authorization limit for the share buy-back program approved on May 31, 2018, to assess future repurchase capacity.
- Review the detailed trade breakdown on the company's investor website (investors.st.com/buyback-program) for granular transaction data.
- Note that this filing does not contain updated financial results; refer to the most recent Form 20-F or quarterly press release for current revenue and earnings data.