ASML Discloses Results of Annual General Meeting of Shareholders.VELDHOVEN, the Netherlands -- ASML Holding ASML is a Dutch company and the world’s primary supplier of lithography systems for the semiconductor industry. Of all the major chip producers worldwide, more than 80% are ASML customers. NV (ASML ASML Abstract State Machine Language ASML Anisotropic Shielded Microstrip Line ) today announces the results of its Annual General Meeting of Shareholders held on April 3, 2008. The Annual General Meeting of Shareholders adopted ASML's statutory financial statements for the year ended December 31, 2007. In addition, the General Meeting of Shareholders approved the following items: * Discharge of the members of the Board of Management and the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. from liability for their responsibilities in the financial year 2007. * Preparation of Regulated Information in the English language English language, member of the West Germanic group of the Germanic subfamily of the Indo-European family of languages (see Germanic languages). Spoken by about 470 million people throughout the world, English is the official language of about 45 nations. . * Proposal to adopt a 2007 dividend of 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. 0.25 per ordinary share of EUR 0.09. Payment date will be May 14, 2008. * Updated Remuneration Policy (version 2008) for the Board of Management. * Performance stock arrangement, including the number of shares, for the Board of Management. * Number of stock options for Board of Management and the number of stock options, respectively shares, for employees. * Re-appointment of Messrs. A.P.M. van der Poel and F.W. Frohlich as members of the Supervisory Board, effective April 3, 2008. * Proposal to authorize the Board of Management for a period of 18 months from April 3, 2008: (i) to issue shares or rights to subscribe for shares in the capital of the Company, limited to 5 percent of the issued share capital of the Company at the time of the authorization; (ii) to issue an additional 5 percent of the issued share capital only in connection with mergers and/or acquisitions; and (iii) to authorize the Board of Management to restrict or exclude the pre-emption rights in connection with any such issuance, all subject to the approval of the Supervisory Board. * Proposal to extend the existing authority of the Board of Management to acquire through October 3, 2009 a maximum of 30% of ASML's outstanding share capital subject to the approval of the Supervisory Board. The shares can be acquired at a price between the 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. of the shares acquired and 110 percent of the average market price for these securities on Euronext Amsterdam or Nasdaq Global Select Market. The AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f also authorized the cancellation of up to 20% of the outstanding share capital of ASML [as of April 3, 2008]. The following subjects were also discussed at the General Meeting of Shareholders: * The Company's business and financial situation. * Evaluation of the performance of the External Auditor The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . * ASML's reserves and dividend policy. ASML has grown to become an efficient, cash generative gen·er·a·tive adj. 1. Having the ability to originate, produce, or procreate. 2. Of or relating to the production of offspring. generative pertaining to reproduction. company in the semiconductor industry, and this will now be reflected by regular dividend payments. However, share buybacks will remain a preferred way to return cash to ASML's shareholders, as they deliver great long term value and allow ASML to be flexible with opportunities to reward our investors. ASML reiterated its commitment to return cash to shareholders when gross cash is above a target of between EUR 1.0 billion and EUR 1.5 billion. * The intended re-appointment of Mr. E. Meurice. * The composition of ASML's Supervisory Board in 2008. Ms. H.C.J. van den Burg Den Burg () is a town in the Dutch province of North Holland. It is a part of the municipality of Texel, on the island of that name, and lies about 12 km north of Den Helder. , Mr. O. Bilous, Mr. J.A. Dekker and Mr. J.W.B. Westerburgen will retire by rotation in 2009. Mr. J.A. Dekker will not be available for re-appointment because of the fulfillment of his twelve year term. Presentation materials and a recording of the audiocast of the 2008 Annual General Meeting of Shareholders are available at www.asml.com. 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 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 under the symbol ASML. ASML has more than 6,500 employees, serving chip manufacturers in more than 60 locations in 16 countries. For more information, visit our website: www.asml.com |
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