Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated May 20, 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 May 13, 2019, to May 17, 2019.
Key Financial Metrics
The filing focuses on capital allocation activities rather than operational financial performance for the current period. Key metrics include:
- Shares Repurchased: 347,605 ordinary shares (0.04% of issued share capital).
- Total Cost: EUR 5,169,650.96.
- Weighted Average Price: EUR 14.8722 per share.
- Treasury Shares Held: 19,206,659 shares (approximately 2.1% 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
This filing does not report material changes in operational performance compared to a prior comparable period. It details the execution of a specific tranche of the share repurchase program approved by shareholders on May 31, 2018. The total number of treasury shares held by the company increased to 19,206,659 as a result of the reported transactions.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It is a routine regulatory disclosure of share buyback activity 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 (19,206,659) against the company's latest quarterly or annual report.
- Confirm the remaining authorization amount for the share buy-back program approved in May 2018.
- Review the full trade breakdown on the STMicroelectronics investor relations website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in share count.