STMicroelectronics Shareholders Adopt All Resolutions at the 2015 Annual General Meeting

Amsterdam, May 27, 2015 (GLOBE NEWSWIRE) -- STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced today that all of the proposed resolutions were adopted at the Company's Annual General Meeting of Shareholders (AGM), which was held today in Amsterdam, the Netherlands.

The main resolutions, approved by the shareholders, were:

  • The adoption of the Company's Statutory Annual Accounts for the year ended December 31, 2014, prepared in accordance with International Financial Reporting Standards (IFRS);
  • The distribution of a cash dividend of US$0.40 per outstanding share of the Company's common stock, to be distributed in quarterly installments of US$0.10 in each of the second, third and fourth quarters of 2015 and first quarter of 2016 to shareholders of record in the month of each quarterly payment as per the table below;
  • The appointment of Mr. Nicolas Dufourcq as a new member of the Supervisory Board, for a three-year term expiring at the 2018 AGM, in replacement of Mr. Jean d'Arthuys whose mandate terminated as of the 2015 AGM;
  • The reappointment of Ms. Martine Verluyten as a member of the Supervisory Board, for a three-year term expiring at the 2018 AGM; and
  • The appointment of Ernst & Young Accountants LLP as the Company's external auditor for the 2016-2019 financial years, as required by the new Dutch law which currently imposes an eight-year audit firm rotation period.

The complete agenda and all relevant detailed information concerning the 2015 STMicroelectronics N.V. Annual General Meeting, as well as all related materials, are available on the Company's website (www.st.com) and have been made available to shareholders in compliance with legal requirements.

The draft minutes of the AGM will be posted on the General Meeting of Shareholders page of the Company's website (www.st.com) in June 2015.

The table below summarizes the full schedule for the quarterly dividend distribution*:

Transfer between New York and Dutch registered shares restricted:
Quarter Global Record Date Ex-dividend Date in Europe Payment Date in Europe Ex-dividend Date in NYSE NYSE Payment Date: on or after From End of Business in Europe on: Until Open of Business in NY on:
Q2 2015 16-Jun-15 15-Jun-15 17-Jun-15 12-Jun-15 23-Jun-15 15-Jun-15 17-Jun-15
Q3 2015 22-Sep-15 21-Sep-15 23-Sep-15 18-Sep-15 29-Sep-15 21-Sep-15 23-Sep-15
Q4 2015 15-Dec-15 14-Dec-15 16-Dec-15 11-Dec-15 22-Dec-15 14-Dec-15 16-Dec-15
Q1 2016 22-Mar-16 21-Mar-16 23-Mar-16 18-Mar-16 29-Mar-16 21-Mar-16 23-Mar-16

* Since the Annual General Meeting was held on May 27, 2015, the Company was unable to both set the ex-dividend date for, and to pay, the first dividend installment in May according to the usual schedule, and has therefore resolved, in coordination with the stock exchange and with a view to ensuring the appropriate functioning of the market for its shares from a substantive standpoint, to pay such installment in Europe on June 17, 2015 with an ex-dividend date on June 15, 2015. Other than indicated in the table, the ex-dividend and payment dates for the subsequent installments are consistent with the usual schedule.

About STMicroelectronics

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 2014, the Company's net revenues were $7.40 billion. Further information on ST can be found at www.st.com.

For further information, please contact:

INVESTOR RELATIONS:
Tait Sorensen
Group VP, Investor Relations
STMicroelectronics
Tel: +1 602 485 2064
tait.sorensen@st.com

MEDIA RELATIONS:
Nelly Dimey
Director, Corporate Media and Public Relations
Tel: + 33 1 58 07 77 85
nelly.dimey@st.com

ST AGM2015 resolutions adopted PR http://hugin.info/152740/R/1924162/690179.pdf

HUG#1924162

Source:STMicroelectronics