SHARE BUYBACK PROGRAM 2016-2017
On October 26, 2016, ASMI announced a EUR 50 million share buyback to be executed within the 2016-2017 time frame. As part of this program, ASMI will purchase shares which it intends to cancel upon repurchase. In addition, ASMI will purchase, as part of this program, shares to cover employee stock and stock option plans.
The buyback will be realized through a program executed by intermediaries through on-exchange purchases or through off-exchange trades and will end on completion of the program, but ultimately on November 24, 2017. ASMI will update the markets on the progress of the buyback program on a weekly basis. The program started on December 13, 2016.
The maximum number of shares to be repurchased on any given day will not exceed 25% of the average daily trading volume on the regulated market on which purchases are made, calculated over the last 20 trading days before the date of repurchase. The program does not include the repurchase of ASMI's New York Registry Shares.
In the week starting with February 20, 2017, we repurchased 75,500 shares at an average price of EUR 48.23.
Of the total program, 39.5% has been repurchased.
For previous share buyback programs, please visit
Repurchase up to EUR 50 million in the 2016-2017 time frame
Announced October 26, 2016
Repurchased of total program: 39.5%