ST announces status of common share repurchase programme
27 July 2022
News
On the back of a projected doubling of earnings per share over the same period last year, STMicroelectronics has announced full details of its common share repurchase programme which was initially disclosed in an earlier press release. A share repurchase programme typically takes place when a company believes its shares are undervalued and is an efficient way of putting money back into the pockets of shareholders. The share repurchase reduces the number of existing shares, making each share worth a greater percentage of the company. The stock’s price-to-earnings ratio will decrease, making the stock more attractive to potential investors.
The repurchase programme was approved by a shareholder resolution and took place over the period from 11 to 15 July 2022. During this period 210 462 ordinary shares equal to 0,02% of its issued share capital were repurchased at the weighted average purchase price of €31,2095 per share, for an overall total price of €6 568 407.90.
Following the share buybacks, the company now holds 4 217 560 treasury shares in total, which represents approximately 0,5% of the ST’s issued share capital.
Further reading:
Innovative South African electronics system makes overseas debut
News
Pretoria-based electronics company Etion Create is showing a new range of innovative solutions, including cybersecurity systems at the third edition of World Defense Show (WDS2026) in Riyadh, Saudi Arabia.
Read more...
Barracuda commissions new IPC Class 3 aerospace facility
Barracuda Holdings
Editor's Choice News
The company has commissioned a new dedicated IPC Class 3 facility in Somerset West. and has concluded a new investment partnership that will provide the capital and management capacity required to scale operations.
Read more...
MyKay Tronics from humble beginnings
MyKay Tronics
News
MyKay Tronics prides itself on not only supplying products and equipment in a growing electronic market, but to also supply the best service and support to its client base.
Read more...
Mzansi Energy Consortium helps future proof SA’s national grid
News
The Marula Green Power project will be South Africa’s first grid-forming renewable energy facility, combining 132 MWp of solar PV with a 360 MWh battery energy storage system and a dedicated 132 kV transmission line.
Read more...
Isuzu Motors South Africa, NoMuda, and S4 Integration announce launch of major two-year MES transformation project
News
This innovative project sets out to replace Isuzu’s multiple outdated legacy Manufacturing Execution Systems (MES) applications with a single solution – the advanced NoMuda VisualFactory MES solution.
Read more...
Why technical and vocational skills are South Africa’s growth engine
News
As matric results and the new school year loom, Kagiso Trust urges learners to look beyond degrees and consider skills-based pathways that lead directly to employment.
Read more...
Products of the Year 2025
News
With the electronics industry slowly rebounding after the downturn of 2024, many new and exciting products were announced across the various sectors. These are my picks for 2025.
Read more...
Embit signs NeoMesh wireless protocol stack licensing agreement
News
The agreement enables Embit to offer fully customised module solutions with integrated NeoMesh wireless protocol stack that leverage NeoMesh’s ultra-low power consumption and exceptional scalability.
Read more...
Latest European market figures
News
The latest market figures indicate a modest, but notable return to growth across the European electronic components sector.
Read more...
2025 GSA award nominees
News
The Global Semiconductor Alliance recently announced the nominees in various awards categories. Winners will be revealed at a gala event on 04 December 2025.
Read more...
printer friendly version