STMicroelectronics' Shareholders Adopt All Resolutions at the 2017 AGM
20 Juin 2017 - 2:01PM
Amsterdam, June 20, 2017 -
STMicroelectronics (NYSE: STM), a global semiconductor
leader serving customers across the spectrum of electronics
applications, announced today that all of the proposed resolutions
were adopted at the Company's Annual General Meeting of
Shareholders (AGM), which was held today in Amsterdam, the
Netherlands.
The main resolutions, approved by the Shareholders, were:
- 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 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 a 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 expired as of the 2017 AGM;
- 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;
- The approval of a new four-year Unvested Stock Award Plan for
Management and Key Employees.
- The authorization to the Managing Board, for eighteen months
following the AGM, to repurchase shares, subject to the approval of
the Supervisory Board; and
- The delegation to the Supervisory Board of the authority to
issue new common and preference shares, to grant rights to
subscribe for such shares and to limit and/or exclude existing
shareholders' pre-emptive rights on common shares for a period of
eighteen months.
The complete agenda and explanatory notes, including all the
proposed - and now adopted - resolutions, and all relevant detailed
information concerning the 2017 STMicroelectronics N.V. Annual
General Meeting of Shareholders, as well as all related materials,
are available on the Company's website (www.st.com) and have been
made available to shareholders in compliance with legal
requirements.
The draft minutes of the AGM will be posted on the General
Meeting of Shareholders page of the Company's website
(www.st.com) in June 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
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/ec54e096-c652-459d-ae24-11f7b961f711