STMicroelectronics: STMicroelectronics Reports on Resolutions to Be Proposed
at the Forthcoming Extraordinary General Meeting of Shareholders
Geneva, September 27, 2013 - STMicroelectronics (NYSE: STM), a global
semiconductor leader serving customers across the spectrum of electronics
applications, has announced the resolutions to be submitted for shareholder
adoption at the forthcoming Extraordinary General Meeting of Shareholders (the
"EGM"), which will be held in Schiphol, The Netherlands, on December 2, 2013.
The resolutions, proposed by the Supervisory Board, are:
· The distribution of a cash dividend of US$0.10 per outstanding
common share for each of the fourth quarter of 2013 and first quarter of 2014,
to be paid to shareholders as per the table below. The amount of the proposed
fourth quarter of 2013 and first quarter of 2014 cash dividend is stable with
respect to the previous quarterly dividend distribution and equals a 4.2%
annualized yield on the Company's share price at closing on September 26, 2013
on the NYSE.
· 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.
The record date for all shareholders to participate at the EGM will be
November 4, 2013. The complete agenda and all relevant detailed information
concerning the EGM, as well as all related EGM materials, will be available on
the Company's web site (www.st.com) and made available to shareholders in
compliance with legal requirements as of September 27, 2013.
The table below summarizes the schedule for the next quarterly dividends:
Quarter Ex-dividend Global Payment NYSE Transfer between New
Date Record Date Date in Payment York and Dutch
(globally) Europe Date: on registered shares
or after restricted:
From End of Until Open
Business in of
Europe on: Business
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
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:
Group VP, Investor Relations
Tel: +1 602 485 2064
Director, Corporate Media and Public Relations
Tel: +33 158 077 785
ST EGM 2013
This announcement is distributed by Thomson Reuters on behalf of Thomson
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(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
information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE
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