SHARE BUYBACK PROGRAM 2016-2017
On August 28, 2017 ASMI completed its €100 million share buyback program 2016-2017.
On March 2, 2017, ASMI announced that its Management Board authorized an increase in the 2016-2017 share buyback program to €100 million. On October 26, 2016, ASMI announced a share buyback program 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 program was realized through a program executed by intermediaries through on-exchange purchases or through off-exchange trades. The program started on December 13, 2016 and was completed on August 31, 2017. Under the 2016-2017 share buyback program we repurchased 1,997,522 shares at an average price of €50.06.