Geneva, September 27, 2013 - STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the resolutions to be submitted for shareholder adoption at the forthcoming Extraordinary General Meeting of Shareholders (the "EGM"), which will be held in Schiphol, The Netherlands, on December 2, 2013.
The resolutions, proposed by the Supervisory Board, are:
· The distribution of a cash dividend of US$0.10 per outstanding common share for each of the fourth quarter of 2013 and first quarter of 2014, to be paid to shareholders as per the table below. The amount of the proposed fourth quarter of 2013 and first quarter of 2014 cash dividend is stable with respect to the previous quarterly dividend distribution and equals a 4.2% annualized yield on the Company`s share price at closing on September 26, 2013 on the NYSE.
· An amendment of the Articles of Association of the Company authorizing the Supervisory Board, in addition to the General Meeting of Shareholders, to resolve upon the distribution of quarterly dividends from the reserves of the Company.
The record date for all shareholders to participate at the EGM will be November 4, 2013. The complete agenda and all relevant detailed information concerning the EGM, as well as all related EGM materials, will be available on the Company`s web site (www.st.com) and made available to shareholders in compliance with legal requirements as of September 27, 2013.
The table below summarizes the schedule for the next quarterly dividends:
|Quarter||Ex-dividend Date (globally)||Global Record Date||Payment Date in Europe||NYSE Payment Date: on or after||Transfer between New York and Dutch registered shares restricted:|
|From End of Business in Europe on:||Until Open of Business in NY on:|
ST is a global leader in the semiconductor market serving customers across the spectrum of sense and power and automotive products and embedded processing solutions. From energy management and savings to trust and data security, from healthcare and wellness to smart consumer devices, in the home, car and office, at work and at play, ST is found everywhere microelectronics make a positive and innovative contribution to people`s life. By getting more from technology to get more from life, ST stands for life.augmented.
In 2012, the Company`s net revenues were $8.49 billion. Further information on ST can be found at www.st.com.
For further information, please contact:
Group VP, Investor Relations
Tel: +1 602 485 2064
Director, Corporate Media and Public Relations
Tel: +33 158 077 785
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: STMicroelectronics via Thomson Reuters ONE