PR
No. C2626C
STMicroelectronics
Reports on Main Resolutions to be Proposed at
the
2010 Annual General Meeting of Shareholders
Geneva, April 20, 2010 -
STMicroelectronics (NYSE: STM) has announced the main resolutions to be
submitted for shareholder approval at the Company’s Annual General Meeting which
will be held in Amsterdam on May 25, 2010.
The main
resolutions, proposed by the Supervisory Board, include:
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·
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Approval
of the Company's 2009 accounts reported in accordance with International
Financial Reporting Standards
(IFRS);
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|
·
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The
reappointment for a three-year term, expiring at the 2013 Annual General
Meeting, for the following members of the Supervisory
Board: Mr. Raymond Bingham and Mr. Alessandro
Ovi;
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|
·
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The
distribution of a cash dividend of US$0.28 per share, to be paid in four
equal quarterly installments, as further explained
below.
|
The
record date for all shareholders to participate at the Annual General Meeting
will be April 28, 2010. The complete agenda and all relevant detailed
information concerning the STMicroelectronics N.V. Annual General Meeting, as
well as all related AGM materials, will be available on the Company’s web site
(www.st.com) and made available to shareholders in compliance with legal
requirements.
As
indicated above, the resolution proposed by the Supervisory Board foresees the
distribution of a cash dividend of US$0.28 per share, to be paid in four equal
quarterly installments in June, August and December 2010 and February 2011 to
shareholders of record in the month of each quarterly payment.
If
approved, for the first installment, the Company's common shares will trade
ex-dividend on Euronext Paris and the Milan Stock Exchange (Borsa Italiana), on
Monday, May 31, 2010, and the payment date will be Thursday, June 3, 2010. For
holders of shares listed on the New York Stock Exchange, shares will trade
ex-dividend on Friday, May 28, 2010, the record date will be Wednesday, June 2,
2010, and the payment date will be on or after Tuesday, June 8, 2010. Transfers
between New York and European (Dutch) registered shares will be closed from the
end of
business
in Europe on Friday, May 28, 2010, until the open of business in New York on
Thursday, June 3, 2010.
The
table below summarizes the full schedule for the four installments:
Quarter
|
Ex-dividend
Date (globally)
|
Global
Record
Date
|
Payment
Date in Europe
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NYSE Payment Date:
on or after
|
Transfer
between New York and Dutch registered shares
restricted:
|
|
|
|
|
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From
End of Business in Europe on:
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Until
Open of Business in NY on:
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Q2
2010
|
31-May-10*
(28-May-10
in NY)**
|
2-June-10
|
3-June-10
|
8-June-10
|
28-May-10
|
3-June-10
|
Q3
2010
|
23-Aug-10
|
25-Aug-10
|
26-Aug-10
|
31-Aug-10
|
20-Aug-10
|
26-Aug-10
|
Q4
2010
|
29-Nov-10
|
1-Dec-10
|
2-Dec-10
|
7-Dec-10
|
26-Nov-10
|
2-Dec-10
|
Q1
2011
|
21-Feb-11
(18-Feb-11
in NY)**
|
23-Feb-11
|
24-Feb-11
|
1-Mar-11
|
18-Feb-11
|
24-Feb-11
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*Since
the Annual General Meeting will be held on May 25, the Company will be unable to
both set the ex-dividend date for, and to pay, the first dividend installment in
May according to the usual schedule, and has therefore resolved, in coordination
with the stock exchange and with a view to ensuring the appropriate functioning
of the market for its shares from a substantive standpoint, to pay such
installment on June 3 with an ex-dividend date on May 31 (May 28 in NY). Other
than indicated below, the ex-dividend and payment dates for the subsequent
installments are consistent with the usual schedule.
**May 31,
2010 and February 21, 2011 are not trading days on the New York Stock
Exchange.
About
STMicroelectronics
STMicroelectronics
is a global leader serving customers across the spectrum of electronics
applications with innovative semiconductor solutions. ST aims to be the
undisputed leader in multimedia convergence and power applications leveraging
its vast array of technologies, design expertise and combination of intellectual
property portfolio, strategic partnerships and manufacturing strength. In 2009,
the Company’s net revenues were $8.51 billion. Further information on ST can be
found at www.st.com.
For further information,
please contact:
INVESTOR
RELATIONS:
Tait
Sorensen
Director,
Investor Relations
Tel: +1
602 485 2064