Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated May 28, 2019. The document serves as a disclosure of transactions in the company's own shares under its common share repurchase program. The specific reporting period for the disclosed transactions is May 20, 2019, to May 24, 2019.
Key Financial Metrics
The filing details specific share repurchase activity rather than full-period financial statements. Key metrics for the reporting period include:
- Shares Repurchased: 660,760 ordinary shares (0.07% of issued share capital).
- Weighted Average Purchase Price: EUR 14.2790 per share.
- Total Amount Paid: EUR 9,434,984.72.
- Treasury Shares Held: Following these transactions, the company holds 19,867,419 treasury shares, representing approximately 2.2% 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 beyond the historical 2018 revenue figure and the specific buyback expenditure.
Material Changes
The primary material change reported is the reduction of outstanding shares through the repurchase of 660,760 shares during the week of May 20-24, 2019. The weighted average price fluctuated daily between EUR 13.7574 and EUR 14.6195. 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 performance, or specific risk factors. It is a regulatory disclosure of past trading activity. The company directs investors to its website for a full breakdown of individual trades in compliance with the Market Abuse Regulation.
Investor Verification Checklist
- Verify the total number of treasury shares held (19,867,419) against the company's latest 20-F annual report.
- Confirm the remaining authorization limit for the share buyback 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 updates on the buyback program status and any new financial results.