SHARE BUYBACK PROGRAM 2017-2018
On September 22, 2017, ASMI announced the start of a new share buyback program of its common shares. The program will end as soon as the aggregate purchase price of the common shares acquired by ASMI has reached €250 million, but ultimately on November 25, 2018. ASMI strives to complete the program well before that date. The program will in any event take place within the mandate given by the shareholders during the Annual General Meeting of Shareholders of May 25, 2017.
This share buyback program will be executed by a third party. ASMI has the intention to reduce its capital by withdrawing the repurchased shares after having received the approval from its shareholders. The repurchase program is part of ASMI's commitment to use excess cash for the benefit of its shareholders.
October 16: In the week starting with October 9, 2017, we repurchased 188,535 shares at an average price of EUR 54.86.
Of the total program, 13,3% has been repurchased.