STMicroelectronics Shareholders Adopt All Resolutions at the 2013 Extraordinary General Meeting
(Thomson Reuters ONE) -
Schiphol, The Netherlands, December 2, 2013 - STMicroelectronics (NYSE: STM), a
global semiconductor leader serving customers across the spectrum of electronics
applications, announces that all the proposed resolutions were adopted at the
Company's Extraordinary General Meeting of Shareholders (the "EGM"), which was
held in Schiphol, The Netherlands, on December 2, 2013.
The resolutions, proposed by the Supervisory Board, were:
* The distribution, in line with the Distribution Policy of the Company, of a
cash dividend of US$0.10 per common share for each of the fourth quarter of
2013 and first quarter of 2014, to be paid in December 2013 and March 2014,
respectively, to shareholders of record in the month of each quarterly
payment. The amount of the fourth quarter of 2013 and first quarter of 2014
cash dividend is stable with respect to the previous quarterly dividend
distribution and equals a 5.1% annualized yield on the Company's share price
at closing on November 29, 2013 on the NYSE. The first payment date will be
on December 12, 2013 for Euronext Paris and Borsa Italiana and on December
17 for the New York Stock Exchange (For additional details on the dividend
payment and ex-dividend dates, please refer to the table below).
* 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.
"Today's decision by ST's shareholders, to maintain a quarterly dividend of
$0.10 per share, reflects the certainty now on the execution of our exit from
ST-Ericsson as well as ST's confidence on combined future cash flow and solid
capital structure." said STMicroelectronics President and CEO Carlo Bozotti.
"The 5.1% yield on the current share price is well deserved by our shareholders
who accompanied ST through this year of transition".
The complete agenda and all relevant detailed information concerning the EGM, as
well as all related EGM materials, are available on the Company's web site
(www.st.com) and have been available to shareholders in compliance with legal
requirements.
The draft minutes of the EGM will be posted on the General Meeting of
Shareholders page of the Company website at www.st.com within the month of
December 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 | registered shares |
| | | | | | 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
EGM press release:
http://hugin.info/152740/R/1746993/588192.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1746993]
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2013 - 13:15 Uhr
Sprache: Deutsch
News-ID 321736
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