Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated November 19, 2018. The document serves as a disclosure of transactions in the company's own shares under a previously announced share repurchase program. The specific reporting period for these transactions covers November 12, 2018, to November 16, 2018.
Key Financial Metrics
The filing details the execution of share buybacks rather than operational financial performance for a fiscal period. Key metrics related to the repurchase activity include:
- Total Shares Repurchased: 1,133,497 ordinary shares (0.1% of issued share capital).
- Total Amount Paid: EUR 13,972,142.17.
- Weighted Average Purchase Price: EUR 12.3266 per share.
- Trading Venue: Euronext Paris (MIC code: XPAR).
- Treasury Shares Held: Following these transactions, the company holds 10,855,346 treasury shares, representing approximately 1.2% of issued share capital.
The filing notes that the company's net revenues for the full year 2017 were $8.35 billion. No revenue, profit, cash flow, margin, debt, or liquidity figures are provided for the current period or the specific transaction dates.
Material Changes
The filing does not report material changes to the company's business operations, financial condition, or results of operations compared to prior periods. The primary change disclosed is the reduction of outstanding shares and the increase in treasury stock resulting from the buyback program.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future performance, or discussion of risks and contingencies. It strictly reports on the execution of the share repurchase program approved by a shareholder resolution on May 31, 2018. The filing references the Market Abuse Regulation (EU) 596/2014 regarding the disclosure of individual trades.
Investor Verification Checklist
- Verify the total number of treasury shares held (10,855,346) against the company's latest capital structure filings.
- Confirm the remaining authorization limit for the share buyback program, as this filing only covers a specific 5-day window.
- Review the detailed trade breakdown on the company's investor website (https://investors.st.com/buyback-program) for granular transaction data.
- Note that this filing does not contain Q3 or full-year 2018 financial results; investors should seek separate earnings releases for operational metrics.