STMicroelectronics Reports on Resolutions to Be Proposed at the Forthcoming Extraordinary General Meeting of Shareholders
(Thomson Reuters ONE) -
Geneva, September 27, 2013 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronics
applications, has announced the resolutions to be submitted for shareholder
adoption at the forthcoming Extraordinary General Meeting of Shareholders (the
"EGM"), which will be held in Schiphol, The Netherlands, on December 2, 2013.
The resolutions, proposed by the Supervisory Board, are:
· The distribution of a cash dividend of US$0.10 per outstanding common
share for each of the fourth quarter of 2013 and first quarter of 2014, to be
paid to shareholders as per the table below. The amount of the proposed fourth
quarter of 2013 and first quarter of 2014 cash dividend is stable with respect
to the previous quarterly dividend distribution and equals a 4.2% annualized
yield on the Company's share price at closing on September 26, 2013 on the NYSE.
· An amendment of the Articles of Association of the Company authorizing
the Supervisory Board, in addition to the General Meeting of Shareholders, to
resolve upon the distribution of quarterly dividends from the reserves of the
Company.
The record date for all shareholders to participate at the EGM will be November
4, 2013. The complete agenda and all relevant detailed information concerning
the EGM, as well as all related EGM 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 September 27, 2013.
The table below summarizes the schedule for the next 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 of|Until Open |
| | | | | |Business in|of Business|
| | | | | |Europe on: | in NY on: |
+-------+--------------+---------+----------+----------+-----------+-----------+
|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 |
+-------+--------------+---------+----------+----------+-----------+-----------+
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 EGM 2013:
http://hugin.info/152740/R/1732027/579367.pdf
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(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#1732027]
Unternehmensinformation / Kurzprofil:
Datum: 27.09.2013 - 15:30 Uhr
Sprache: Deutsch
News-ID 300909
Anzahl Zeichen: 4762
contact information:
Town:
Geneva
Kategorie:
Business News
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