ASML Continues Share Buyback Program.VELDHOVEN, the Netherlands -- Consistent with prior disclosures, ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line intends to buy back the remaining 1.7 percent of outstanding ordinary shares as authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: by the Annual General Meeting of Shareholders on March 23, 2006. The share buy back of the approximately 8 million shares, will take place between February 14, 2007 and March 27, 2007. The repurchased shares will be used to cover outstanding stock options. The maximum amount to be paid for the shares to be repurchased is 110% of the average highest price for the shares on Euronext Amsterdam in the period of five days prior to the relevant buy back. To effect the share buyback Buyback The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may , ASML has entered into an agreement with a bank. Under the terms of the agreement, the exact number of shares that are to be purchased by the bank and delivered to ASML, as well as timing of the purchases, is left to the discretion of the bank, within pre-agreed ranges. ASML reiterates its commitment to return excess cash to shareholders and reduce the number of shares outstanding. The company will prepare for additional potential share buyback programs, subject to authorization by the Annual General Meeting of Shareholders on March 28, 2007. Further information will be disclosed in due course. About ASML ASML is the world's leading provider of lithography lithography (lĭthŏg`rəfē), type of planographic or surface printing. It is distinguished from letterpress (relief) printing and from intaglio printing (in which the design is cut or etched into the plate). systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and 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 under the symbol ASML. For more information, visit the Web site at ASML.com |
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