On June 5, 2018, ASMI announced the start of a share buyback program of ASMI’s common shares up to €250 million. This program follows on ASMI’s announcement on February 28, 2018, that it intended to use €250 million of the proceeds of the partial sale of a stake of approximately 9% in ASMPT for a new share buyback program.
This share buyback program will be executed by a third party. The program commences on June 6, 2018, and will end as soon as the aggregate purchase price of the common shares acquired by ASMI has reached €250 million, but ultimately on November 28, 2019. ASMI strives to complete the program well before that date. The program will take place within the limitations of the authority granted by the Annual General Meeting of shareholders held on May 28, 2018.
ASMI has the intention to reduce its capital by withdrawing the shares repurchased as part of the new €250 million share buyback program, save for such number of treasury shares as may be necessary to fund ongoing share and option programs for employees and board members. This withdrawal of shares is intended to be proposed to the Annual General Meeting in 2019. The repurchase program is part of ASMI's commitment to use excess cash for the benefit of its shareholders.
For previous share buyback programs, please visit