STMicroelectronics Reports on Main Resolutions to be Proposed at the 2013 Annual General Meeting of Shareholders
(Thomson Reuters ONE) -
Geneva, April 26, 2013 - STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics applications, has
announced the main resolutions to be submitted for shareholder adoption at the
Company's Annual General Meeting of Shareholders which will be held in
Amsterdam, The Netherlands, on June 21, 2013.
The main resolutions, proposed by the Supervisory Board, include:
· The adoption of the Company's 2012 Statutory Annual Accounts prepared in
accordance with International Financial Reporting Standards (IFRS);
· The distribution of a cash dividend of US$0.10 in the second quarter of
2013, and of US$0.10 in the third quarter of 2013, per common share, to be paid
in June and September of 2013, respectively to shareholders of record in the
month of each quarterly payment as per the table below. The amount of the
proposed second and third quarter of 2013 cash dividend is stable with respect
to previous quarterly dividend distributions;
· The appointment of Ms. Janet Davidson as a new member of the Supervisory
Board for a three-year term, expiring at the 2016 Annual General Meetingof
Shareholders, as a replacement for Mr. Raymond Bingham, whose mandate will
expire;
· The reappointment of Mr. Alessandro Ovi for a three-year term, expiring
at the 2016 Annual General Meetingof Shareholders;
· The amendment of the compensation scheme of the Supervisory Board;
· The approval of a new four-year Unvested Stock Award Plan for Management
and Key Employees.
The record date for all shareholders to participate at the Annual General
Meeting of Shareholders will be May 24, 2013. The complete agenda and all
relevant detailed information concerning the Annual General Meeting of
Shareholders, as well as all related AGM materials, will be available on the
Company's web site (www.st.com) and made available to shareholders in compliance
with legal requirements as of April 26, 2013.
The table below summarizes the full schedule for the quarterly dividends:
.
+------------+-------------+---------+---------+---------+---------------------+
| Quarter | Ex-dividend | Global | Payment | NYSE |Transfer between New |
| | Date | Record | Date in | Payment | York and Dutch |
| | (globally) | Date | Europe |Date: on | registered shares |
| | | | |or after | restricted: |
+------------+-------------+---------+---------+---------+----------+----------+
| | | | | | From End |Until Open|
| | | | | | of | of |
| | | | | | Business | Business |
| | | | | |in Europe |in NY on: |
| | | | | | on: | |
+------------+-------------+---------+---------+---------+----------+----------+
| Q2 2013 | 24-Jun-13 |26-Jun-13|27-Jun-13|02-Jul-13|24-Jun-13 |27-Jun-13 |
+------------+-------------+---------+---------+---------+----------+----------+
| Q3 2013 | 16-Sep-13 |18-Sep-13|19-Sep-13|24-Sep-13|16-Sep-13 |19-Sep-13 |
+------------+-------------+---------+---------+---------+----------+----------+
|Q4 2013((*))| 09-Dec-13 |11-Dec-13|12-Dec-13|17-Dec-13|09-Dec-13 |12-Dec-13 |
+------------+-------------+---------+---------+---------+----------+----------+
|Q1 2014((*))| 24-Mar-14 |26-Mar-14|27-Mar-14|01-Apr-14|24-Mar-14 |27-Mar-14 |
+------------+-------------+---------+---------+---------+----------+----------+
(*)The fourth quarter 2013 and first quarter 2014 dividends will be decided at a
Shareholders' Meeting to be held during the fourth quarter of 2013.
Some of the statements contained in this release that are not historical facts
are statements of future expectations and other forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933 or Section 21E
of the Securities Exchange Act of 1934, each as amended) based on management's
current views and assumptions and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ
materially from those in such statements. Such forward-looking statements can be
identified by the use of forward-looking terminology such as "believes," "may,"
"will," "should," "would be" or "anticipates" or similar expressions or the
negative thereof or other variations thereof, or by discussions of strategy,
plans or intentions. Some of the risk factors we face are set forth and are
discussed in more detail in "Item 3. Key Information-Risk Factors" included in
our Annual Report on Form 20-F for the year ended December 31, 2012, as filed
with the SEC on March 4, 2013. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in this release as
anticipated, believed or expected. We do not intend, and do not assume any
obligation, to update any information or forward-looking statements set forth in
this release to reflect subsequent events or circumstances.
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 2012, the Company's net revenues were $8.49 billion. Further information on
ST can be found at www.st.com.
For further information, please contact:
INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen(at)st.com
MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
STMicroelectronics
Tel: +33 158 077 785
nelly.dimey(at)st.com
ST_AGM 2013:
http://hugin.info/152740/R/1696912/559024.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE
[HUG#1696912]
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2013 - 15:30 Uhr
Sprache: Deutsch
News-ID 253408
Anzahl Zeichen: 7555
contact information:
Town:
Geneva
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 271 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"STMicroelectronics Reports on Main Resolutions to be Proposed at the 2013 Annual General Meeting of Shareholders"
steht unter der journalistisch-redaktionellen Verantwortung von
STMicroelectronics (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
