PR N° C2767C
STMicroelectronics Completes Share Buy-back Program
Geneva – November 10, 2014 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced that it has completed the repurchase of 20 million shares of its common stock under its share buy-back program announced on June 26, 2014.
The shares were repurchased between July 7 and November 10, 2014 on the Borsa Italiana Stock Exchange in open market transactions for a total of about $156 million. The repurchased shares will be held as treasury shares and used to cover employee stock award plans under ST’s long term incentive plans.
Details of the share repurchases pursuant to the now completed buy-back program are available on ST’s website at the following address: http://investors.st.com.
About STMicroelectronics
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people’s life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2013, the Company’s net revenues were $8.08 billion. Further information on ST can be found at www.st.com.
For further information, please contact:
STMicroelectronics
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
Tel: +1 602 485 2064
tait.sorensen@st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey@st.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, STMicroelectronics N.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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STMicroelectronics N.V.
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Date: November 10, 2014
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By:
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/s/ Carlo Ferro
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Name:
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Carlo Ferro
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Title:
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Chief Financial Officer
Executive Vice President
Finance, Legal, Infrastructure and Services
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