Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated November 18, 2019. The document serves as a disclosure of transactions in the company's own shares under its previously announced share repurchase program. The specific reporting period for the disclosed activity is November 11, 2019, to November 15, 2019.
Key Financial Metrics
The filing focuses exclusively on share repurchase activity rather than operational financial performance. Key metrics disclosed include:
- Shares Repurchased: 50,000 ordinary shares (0.01% of issued share capital).
- Weighted Average Purchase Price: EUR 22.0159 per share.
- Total Amount Paid: EUR 1,100,795.00.
- Market: Euronext Paris (XPAR).
- Treasury Shares Held: Following this transaction, the company holds 21,143,545 treasury shares, representing approximately 2.3% of issued share capital.
The filing text does not provide current period revenue, profit, cash flow, margins, debt, or liquidity figures. It references 2018 net revenues of $9.66 billion in the company background section.
Material Changes
This filing does not report material changes to the company's financial condition or operations compared to prior periods. It solely reports the incremental reduction of outstanding shares via the buyback program during the specified week.
Guidance, Outlook, and Risks
The filing contains no new guidance, outlook, or management commentary regarding future financial performance. It references compliance with the Market Abuse Regulation (EU) 596/2014 and Commission Delegated Regulation (EU) 2016/1052 regarding the disclosure of individual trades. No specific risks or contingencies are detailed in this document.
Investor Verification Checklist
- Verify the total number of treasury shares held (21,143,545) against the company's latest 20-F or annual report.
- Confirm the remaining authorization limit for the share repurchase program approved on May 31, 2018.
- Review the detailed breakdown of individual trades on the STMicroelectronics investor website as referenced in the filing.
- Check subsequent filings for updates on the buyback program status and total shares repurchased.