STMicroelectronics Reports on Main Resolutions to be Proposed at the 2016 Annual General Meeting of Shareholders
(Thomson Reuters ONE) -
Geneva, April 1, 2016 - STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics applications, has
announced the main resolutions to be submitted for adoption at the Annual
General Meeting of Shareholders which will be held in Amsterdam, the
Netherlands, on
May 25, 2016.
The main resolutions, proposed by the Supervisory Board, include:
* The adoption of the Company's Statutory Annual Accounts for the year ended
December 31, 2015, prepared in accordance with International Financial
Reporting Standards (IFRS). The 2015 Statutory Annual Accounts were filed
with the Netherlands Authority for the Financial Markets (AFM) on
April 1, 2016 and are posted on the Company's website (www.st.com) and the
AFM's website (www.afm.nl);
* The distribution of a cash dividend of US$0.24 per outstanding share of the
Company's common stock, to be distributed in quarterly installments of
US$0.06 in each of the second, third and fourth quarters of 2016 and first
quarter of 2017 to shareholders of record in the month of each quarterly
payment as per the table below. The proposed dividend implies a 4.3% yield
on the current share price, substantially in line with historical dividend
yield for STM shares;
* The appointment of Mr. Salvatore Manzi as a member of the Supervisory Board,
for a three-year term expiring at the 2019 Annual General Meeting of
Shareholders, in replacement of Mr. Alessandro Ovi whose mandate will expire
as of the 2016 Annual General Meeting of Shareholders; and
* The reappointment of Ms. Janet Davidson as a member of the Supervisory Board
for a three-year term, expiring at the 2019 Annual General Meeting of
Shareholders.
The record date for all shareholders to participate at the Annual General
Meeting of Shareholders will be April 27, 2016. The complete agenda and all
relevant detailed information concerning the 2016 Annual General Meeting of
Shareholders, as well as all related AGM materials are available on the
Company's website (www.st.com) and made available to shareholders in compliance
with legal requirements as of
April 1, 2016.
The table below summarizes the full schedule for the quarterly dividend
distribution:
Transfer between
New York and Dutch
registered shares
restricted:
+-------+ +------------------+ +------------------+ +-------------------+
| | | Ex- | | Ex- NYSE | |From End Until |
|Global | |dividend Payment | |dividend Payment | | of Open of |
Quarter|Record | | Date in Date in | | Date in Date: on| |Business Business |
| Date | | Europe Europe | | NYSE or after| |in Europe in NY on:|
| | | | | | | on: |
| | | | | | | |
Q2 2016|21-Jun-| |20-Jun-16 22-Jun-| |17-Jun-16 28-Jun-| |20-Jun-16 22-Jun-16|
| 16| | 16| | 16| | |
-------+-------+-+------------------+-+------------------+-+-------------------+
Q3 2016|20-Sep-| |19-Sep-16 21-Sep-| |16-Sep-16 27-Sep-| |19-Sep-16 21-Sep-16|
| 16| | 16| | 16| | |
-------+-------+-+------------------+-+------------------+-+-------------------+
Q4 2016|20-Dec-| |19-Dec-16 21-Dec-| |16-Dec-16 28-Dec-| |19-Dec-16 21-Dec-16|
| 16| | 16| | 16| | |
-------+-------+-+------------------+-+------------------+-+-------------------+
Q1 2017|21-Mar-| |20-Mar-17 22-Mar-| |17-Mar-17 28-Mar-| |20-Mar-17 22-Mar-17|
| 17| | 17| | 17| | |
+-------+ +------------------+ +------------------+ +-------------------+
About STMicroelectronics
ST is a global semiconductor leader delivering intelligent and energy-efficient
products and solutions that power the electronics at the heart of everyday life.
ST's products are found everywhere today, and together with our customers, we
are enabling smarter driving and smarter factories, cities and homes, along with
the next generation of mobile and Internet of Things devices. By getting more
from technology to get more from life, ST stands for life.augmented.
In 2015, the Company's net revenues were $6.90 billion, serving more than
100,000 customers worldwide. Further information 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
Tel: + 33 1 58 07 77 85
nelly.dimey(at)st.com
2016 AGM proposed resolutions PR:
http://hugin.info/152740/R/1999973/737627.pdf
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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#1999973]
Unternehmensinformation / Kurzprofil:
Datum: 01.04.2016 - 23:24 Uhr
Sprache: Deutsch
News-ID 461396
Anzahl Zeichen: 6323
contact information:
Town:
Geneva
Kategorie:
Business News
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