ASML Announces Results of General Meeting of Shareholders.VELDHOVEN, Netherlands--(BUSINESS WIRE)--April 3, 1998--ASM Lithography (ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line ) has announced the results of its annual General Meeting of Shareholders, which was held on April 2. The General Meeting approved (i) ASML's financial statements as at and for the year ended Dec. 31, 1997; (ii) a two-for-one split of ASML's Ordinary Shares, together with an adjustment of their nominal value Nominal Value The stated value of an issued security that remains fixed, as opposed to its market value, which fluctuates. Notes: When referring to fixed-income securities, the nominal value is also the face value. to NLG NLG The ISO 4217 currency code for the Dutch Guilder. 0.13 per share; (iii) a 385-for-one split of ASML's Priority Shares in order to make their nominal value equal to that of the Ordinary Shares; (iv) a proposal to authorize the Board of Management of ASML to repurchase up to 10% of the issued share capital os ASML through Oct. 2, 1999 at a price between the par value of the Ordinary Shares purchased and 110% of the average market price of these securities on the Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. ; (v) the creation of a class of protective cumulative preference shares; and (vi) the granting to Stichting Preferente Aandelen ASML, a Netherlands foundation, of an option to purchase a number of preference shares equal to the number of Ordinary Shares outstanding at the time of exercise of the option. ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. Lithography (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASMLF, Amsterdam Stock Exchange:ASML) develops, manufactures, markets and services advanced photolithography systems that are essential to the fabrication of modern semiconductors. ASML supplies wafer steppers to integrated circuit manufacturers throughout the United States, Asia and Western Europe and provides its customers with a full range of support, from advanced process and production applications knowledge to 24-hour service support with uptime guarantees. ASML is a world leader in photolithography with an installed base of more than 1,000 systems at customer sites around the world. The company, recognized by Dataquest as the No. 2 supplier of steppers in the world, had 1997 revenues of $889 million. ASML is headquartered in Veldhoven, the Netherlands, with a U.S. operations center in Tempe, Ariz., and regional sales and service facilities in Korea, Taiwan, Japan and Singapore. -0- "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Except for historical information, the matters discussed in this news release that may be considered forward-looking statements may be subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including uncertainties in the market, pricing competition, procurement and manufacturing efficiencies, and other risks detailed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company assumes no obligation to update the information in this release. CONTACT: ASM Lithography, Veldhoven Evert e·vert v. To turn inside out or outward. evert to turn inside out; to turn outward. Polak, (31) 40-2303-537 (VP Marketing) Eduard Hoeberichts, (31) 40-2304-637 (IR) or ASM Lithography, Tempe Doug Marsh, 602/438-0559 (VP Worldwide Sales) Mark Bigelow, 602/414-2252 (Marketing Communications) or Mathews & Clark, Sunnyvale Bob Climo, 408/736-1120 or Mathews & Clark, London Ann Read, (44) 171-631-1606 |
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