ASM INTERNATIONAL N.V. ANNOUNCES REQUEST BY EMINENCE CAPITAL TO INCLUDE DISCUSSION ITEM ON 2017 AGM AGENDA
March 24 2017 - 10:52AM
Almere, The
Netherlands
March 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
ASMI Announces request by Eminence
Capital
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ASM International NV via Globenewswire
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