CORRECTION: BE Semiconductor Industries N.V. Announces Approval of Agenda Items at its 2018 Annual General Meeting of Shareh...
27 Abril 2018 - 2:05AM
This is a correction of the announcement from April 26,
2018. Reason for the correction: following the execution of the
deeds of amendment of the articles (implementing the technical
steps) trading will begin on a split-adjusted basis on May 4,
2018 instead of May 8, 2018 (first paragraph of “Two-for-one Stock
Split” section).
BE Semiconductor Industries N.V. (the "Company"
or "Besi") (Euronext Amsterdam:BESI) (OTC:BESIY) Nasdaq
International Designation), a leading manufacturer of assembly
equipment for the semiconductor industry, today announced the
approval of all agenda items at its Annual General Meeting of
Shareholders held today (“AGM”). Key highlights included the
approval of the dividend for the 2017 financial year, a two-for-one
stock split of Besi’s ordinary shares and the appointment of two
new members to its Supervisory Board.
Dividend 2017The dividend for
the 2017 financial year was fixed at € 4.64 per ordinary share at
the AGM. Such dividend will be paid out wholly in cash and payments
will start as of May 4, 2018. The following time table will be
applicable with respect to the dividend payment:
• |
|
April 30, 2018 |
|
|
|
Ex-dividend
quotation |
• |
|
May 2,
2018 |
|
|
|
Record date for
dividend eligibility (after market close) |
• |
|
Starting May 4,
2018 |
|
|
|
Payment of cash
dividend |
Holders of ordinary shares will receive the
dividend through their bank or broker in whose custody the shares
are held as of the close of business on May 2, 2018 (record date).
The dividend will be made payable to them through ABN AMRO Bank
N.V.
Two-for-one Stock
SplitShareholders at the AGM also approved a proposal
whereby each Besi ordinary share will be split into two ordinary
shares with a simultaneous increase in the number of total ordinary
shares authorized from 160 million to 320 million. Shareholders of
record at the close of business on May 7, 2018 will be
eligible for the stock split. It is also anticipated
that following the execution of the deeds of
amendment of the articles (implementing the technical
steps) trading will begin on a split-adjusted basis on May 4,
2018.
As a result of the approval of the dividend for
the 2017 financial year and the two-for-one stock split, certain
downward adjustments will be made to the exercise prices of Besi’s
2016 and 2017 Convertible Notes outstanding as per the terms and
conditions related thereto. Such changes will be directly
communicated to Convertible Note holders. Changes in the
Composition of Besi’s Supervisory Board MembersAt the AGM,
shareholders approved changes to the composition of Besi’s
Supervisory Board including the resignation upon term expiration of
Mr Jan Vaandrager and the appointment of two new Supervisory Board
members, each of whom will serve for terms ending in 2022.
Mr Vaandrager, a Besi Supervisory Board member
since 2009, resigned his position as Supervisory Board member upon
expiration of his current term today. As such, the AGM approved the
appointment of Mr Niek Hoek to replace Mr Vaandrager for a
four-year term expiring in 2022. Mr Hoek (1956) is an experienced
financial and general manager who founded and is currently the
director of Brandaris Capital, a private equity and asset
management firm. He is also an executive director of recently
listed Dutch Star Companies One N.V. Prior thereto, Mr Hoek served
as Chief Executive Officer and was a member of the executive board
of Delta Lloyd N.V., an (at the time publicly listed) insurance and
financial services firm. Mr Hoek also served in various senior
finance and general management roles at Shell.
Mr Hoek has a long history of Supervisory Board
memberships at various public, private and non-profit companies in
the Netherlands. At present, Mr Hoek serves as Chairman of the
Supervisory Boards of Arcadis N.V. and of Van Oord N.V. and is a
member of the Supervisory Board of Anthony Veder N.V. (Netherlands
Antilles). Furthermore, he chairs the board of Stichting Preferente
Aandelen Nedap. Mr Hoek is considered independent for the purposes
of the Dutch Corporate Governance Code.
In addition, the AGM approved the appointment of
Mr Carlo Bozotti as a Supervisory Board member effective July 1,
2018 for a four-year term, with a view to future succession
planning for current Supervisory Board members. As a result, the
Besi Supervisory Board will temporarily expand to a total of six
members.
Mr Bozotti (1952) is an experienced
international executive in the semiconductor industry. He is
currently President and Chief Executive Officer and sole member of
the managing board of STMicroelectronics N.V. (“ST”) and will
retire from such positions at ST’s 2018 AGM. He has held these
positions since March 2005.
Mr Bozotti joined SGS-ATES (later renamed SGS
Microelettronica), a predecessor company to ST, in 1977. SGS
Microelettronica of Italy merged with Thomson Semiconducteurs of
France ten years later to form a new European champion, which is
known today as ST and is among the leading semiconductor companies
worldwide. Mr Bozotti first became General Manager of ST’s Telecom
Products Division and subsequently was promoted to Director of
Corporate Strategic Marketing and Key Accounts. Thereafter, he was
promoted to Corporate Vice President Marketing and Sales, Americas
and, in 1994, was appointed Corporate Vice President for Europe and
the Headquarters Regions overseeing ST’s sales in Europe and key
customers and strategic marketing worldwide. From 1998 to 2005, Mr
Bozotti served as Corporate Vice President and General Manager of
ST’s Memory Products Group.
In addition, Mr Bozotti is a member of The
European Round Table of Industrialists and has served on the board
of directors of Aricent Inc. since August 2017. Mr Bozotti is
considered independent for the purposes of the Dutch Corporate
Governance Code.
About BesiBesi is a leading supplier of
semiconductor assembly equipment for the global semiconductor and
electronics industries offering high levels of accuracy,
productivity and reliability at a low cost of ownership. The
Company develops leading edge assembly processes and equipment for
leadframe, substrate and wafer level packaging applications in a
wide range of end-user markets including electronics, mobile
internet, cloud server, computing, automotive, industrial, LED and
solar energy. Customers are primarily leading semiconductor
manufacturers, assembly subcontractors and electronics and
industrial companies. Besi’s ordinary shares are listed on Euronext
Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC
markets (symbol: BESIY Nasdaq International Designation) and its
headquarters are located in Duiven, the Netherlands. For more
information, please visit our website at www.besi.com.
Contacts:
Richard W. Blickman,
President & CEO |
CFF Communications |
Cor te Hennepe, SVP
Finance |
Frank Jansen |
Tel. (31) 26 319
4500 |
Tel. (31) 20 575
4024 |
investor.relations@besi.com |
besi@cffcommunications.nl |
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