GENEVA, Sept. 27, 2013 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE: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||Global||Payment||NYSE||Transfer between New|
|Date||Record||Date in||Payment||York and Dutch registered|
|(globally)||Date||Europe||Date: on or||shares restricted:|
|From End of||Until Open of|
|Business in||Business in|
|Europe on:||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.
ST EGM 2013: http://hugin.info/152740/R/1732027/579367.pdf
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