ASML Anticipates Buyback of Shares to Reduce Significantly the Dilution from Convertible Bonds Due October 2006.VELDHOVEN, the Netherlands -- ASML Holding NV (ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line ) today announced that it has completed the financial transactions as disclosed on September 25, 2006 to mitigate the potential dilution potential dilution The decrease in the proportional equity position of a share of stock that will occur eventually if additional authorized shares are actually issued. from its convertible bonds due October 2006. ASML has purchased call options on its shares from a financial institution to match a portion of the conversion rights under the 5.75 percent subordinated convertible bonds due October 15, 2006. A total of approximately 30.8 million ordinary shares are issuable upon conversion of the bonds at an effective conversion price of USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18.66 per share. Based on current trading prices for its shares, ASML anticipates that substantially all of the bonds will be converted prior to their maturity. The call options provide ASML with the right to buy back 14.9 million of its shares, which would reduce significantly the dilution that would occur as a result of the anticipated conversion. On October 6, 2006, the closing price of ASML's shares was USD 23.33 on Nasdaq and EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 18.54 on Euronext Amsterdam. About ASML ASML is the world's leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. For more information, visit the Web site at ASML.com. Forward Looking Statements "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 US 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: the matters discussed in this document may include forward-looking statements that are subject to risks and uncertainties including, but not limited to, the prevailing market price for ASML shares and other risks indicated in the risk factors included in ASML's Annual Report on Form 20-F and other filings with the US Securities and Exchange Commission. |
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