STMicroelectronics Reports on Main Resolutions to be Proposed at the 2017 Annual General Meeting of Shareholders
27 Avril 2017 - 7:02AM
Geneva, April 27, 2017 - 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 (AGM) which will be held in Amsterdam, the
Netherlands, on June 20, 2017.
The main resolutions, proposed by the Supervisory Board,
include:
- The adoption of the Company's Statutory Annual Accounts for the
year ended December 31, 2016, prepared in accordance with
International Financial Reporting Standards (IFRS). The 2016
Statutory Annual Accounts were filed with the Netherlands Authority
for the Financial Markets (AFM) on April 27, 2017 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 2017 and first quarter of 2018 to shareholders of
record in the month of each quarterly payment as per the table
below;
- The appointment of Mr. Frederic Sanchez as new member of the
Supervisory Board, for a three-year term expiring at the 2020
Annual General Meeting of Shareholders, in replacement of Mr.
Didier Lombard whose mandate will expire at the end of the 2017
Annual General Meeting of Shareholders;
- The reappointment, for a three-year term expiring at the 2020
Annual General Meeting of Shareholders, of the following members of
the Supervisory Board: Ms. Heleen Kersten and Messrs. Jean-Georges
Malcor, Alessandro Rivera and Maurizio Tamagnini;
- The reappointment of Mr. Carlo Bozotti as the sole member of
the Managing Board for a one-year term; and
- 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 23, 2017. The
complete agenda and all relevant detailed information concerning
the 2017 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 27, 2017.
The table below summarizes the full schedule for the quarterly
dividend distribution:
|
|
|
|
|
|
Transfer between New York and Dutch registered shares
restricted: |
Quarter |
Global Record Date |
Ex-dividend Date in Europe |
Payment Date in Europe |
Ex-dividend Date in NYSE |
NYSE Payment Date: on or after |
From End of Business in Europe on: |
Until Open of Business in NY on: |
Q2 2017 |
27.Jun.17 |
26.Jun.17 |
28.Jun.17 |
23.Jun.17 |
05.Jul.17 |
26.Jun.17 |
28.Jun.17 |
On March 22, 2017, the U.S. Securities and Exchange Commission
(SEC) adopted an amendment to shorten from three to two business
days the standard settlement cycle for most broker-dealer
securities transactions, starting from September 5, 2017.
In consideration of the change which re-aligns the US settlement
cycle to the European, the Company's schedule switches to a unique
Ex-dividend date in the two markets.
|
|
|
|
|
Transfer between New York and Dutch registered shares
restricted: |
Quarter |
Ex-dividend Date |
Global Record Date |
Payment Date in Europe |
NYSE Payment Date: on or after |
From End of Business in Europe on: |
Until Open of Business in NY on: |
Q3 2017 |
18.Sep.17 |
19.Sep.17 |
20.Sep.17 |
26.Sep.17 |
18.Sep.17 |
20.Sep.17 |
Q4 2017 |
18.Dec.17 |
19.Dec.17 |
20.Dec.17 |
27.Dec.17 |
18.Dec.17 |
20.Dec.17 |
Q1 2018 |
19.Mar.18 |
20.Mar.18 |
21.Mar.18 |
27.Mar.18 |
19.Mar.18 |
21.Mar.18 |
About STMicroelectronicsST 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 2016, the Company's net revenues were $6.97 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 Tel: +1 602 485 2064
tait.sorensen@st.com
MEDIA RELATIONS: Nelly
Dimey
Director, Corporate Media and Public Relations STMicroelectronics
Tel: +33 158 077 785 nelly.dimey@st.com
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