Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated March 18, 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 these transactions covers March 11, 2019, to March 15, 2019.
Key Financial Metrics
The filing focuses on share repurchase activity rather than operational financial results for the period. Key metrics include:
- Shares Repurchased: 298,249 ordinary shares (0.03% of issued share capital).
- Total Cost: EUR 4,188,276.96.
- Weighted Average Price: EUR 14.0429 per share.
- Treasury Shares Held: Following these transactions, the company holds 16,298,807 treasury shares, representing approximately 1.8% 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.
Material Changes
The filing does not report material changes in operational performance or financial position compared to prior periods. The primary change disclosed is the reduction of outstanding shares and the increase in treasury stock holdings due to the buy-back activity during the week of March 11-15, 2019.
Guidance, Outlook, and Risks
The document contains no forward-looking guidance, management commentary on future outlook, or discussion of specific risks and contingencies. It is a routine regulatory disclosure confirming compliance with the Market Abuse Regulation regarding the execution of the share repurchase program approved by shareholders on May 31, 2018.
Investor Verification Checklist
- Verify the total number of treasury shares held (16,298,807) against the company's latest capital structure filings.
- Confirm the remaining authorization amount for the share buy-back program approved in May 2018.
- Review the detailed trade breakdown on the company's investor website as referenced in the filing.
- Check subsequent filings for updates on the buy-back program status and any changes in the weighted average purchase price.