ASM INTERNATIONAL N.V. ANNOUNCES REQUEST BY EMINENCE CAPITAL TO INCLUDE DISCUSSION ITEM ON 2017 AGM AGENDA
March 24 2017 - 10:53AM
Almere, The NetherlandsMarch 24,
2017
ASM International N.V. (Euronext Amsterdam: ASM)
today announces that Eminence Capital LP has requested the Company
to place the following discussion item on the agenda for the coming
Annual General Meeting of Shareholders (AGM) to be held on May 22,
2017: "Discussion of the policy of the Management Board and the
Supervisory Board in relation to ASMI's shareholding in ASM Pacific
Technology Ltd. in 2016 and thereafter and the risks and benefits
of a full divestiture of it."
Pursuant to the articles of association of ASMI
and Dutch law any shareholder holding at least 3% in ASMI's capital
may request the inclusion of items in the agenda of the AGM at
least 60 days in advance of the meeting. With respect to the
request of Eminence Capital these conditions are satisfied and
hence ASMI will include this item on the AGM agenda as
requested.
ASMI views long-term value creation as very
important. Regularly the Management Board reviews its strategy and,
as part of that, the position it holds in ASMPT. The Management
Board remains of the opinion that, at this moment, a significant
stake in ASMPT is of strategic value for the Company.
About ASM International
ASM International NV, headquartered in Almere,
the Netherlands, its subsidiaries and participations design and
manufacture equipment and materials used to produce semiconductor
devices. ASM International, its subsidiaries and participations
provide production solutions for wafer processing (Front-end
segment) as well as for assembly & packaging and surface mount
technology (Back-end segment) through facilities in the United
States, Europe, Japan and Asia. ASM International's common stock
trades on the Euronext Amsterdam Stock Exchange (symbol ASM). For
more information, visit ASMI's website at www.asm.com.
Cautionary Note Regarding Forward-Looking
Statements: All matters discussed in this press release, except for
any historical data, are forward-looking statements.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those in the
forward-looking statements. These include, but are not limited to,
economic conditions and trends in the semiconductor industry
generally and the timing of the industry cycles specifically,
currency fluctuations, corporate transactions, financing and
liquidity matters, the success of restructurings, the timing of
significant orders, market acceptance of new products, competitive
factors, litigation involving intellectual property, shareholders
or other issues, commercial and economic disruption due to natural
disasters, terrorist activity, armed conflict or political
instability, epidemics and other risks indicated in the Company's
reports and financial statements. The Company assumes no obligation
nor intends to update or revise any forward-looking statements to
reflect future developments or circumstances.
CONTACT
Investor contact:
Victor Bareño
T: +31 88 100 8500
E: victor.bareno@asm.com
Media contact:
Ian Bickerton
T: +31 625 018 512
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/8c36f538-b8f4-4de0-b2fc-4f4a8b6fd7da
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