ASML Confirms Completion Of The Synthetic Buyback
ASML Holding NV (NASDAQ:ASML)(Amsterdam:ASML) today announces that it has completed the Synthetic Buyback which forms part of ASML’s Customer Co-Investment Program announced on 9 July 2012.
With the execution of the Synthetic Buyback, ASML has made a EUR 3.85 billion cash capital repayment to its shareholders (other than the three participating customers in the Customer Co-Investment Program) and has reduced the number of issued shares by 96.566.124 as a result of the reverse stock split. This is effectively equivalent to ASML buying back the shares issued to the participating customers in the Customer Co-Investment Program at a price of EUR 39.91 per share, which is the per share price paid by those participating customers.
About ASML’s Customer Co-Investment Program
Three ASML customers – Intel, TSMC and Samsung – agreed to contribute EUR 1.38 billion to ASML's research and development of next-generation lithography technologies over five years, specifically aimed at accelerating EUV lithography and 450mm lithography development. As part of the Customer Co-Investment Program, but separate from the R&D contribution, ASML received EUR 3.85 billion for issuing shares to the three participating customers. This cash was returned to shareholders (excluding participating customers) via a Synthetic Buyback, which included a reverse stock split to avoid dilution (on an earnings per share basis) as a result of the Customer Co-Investment Program. More details can be found at www.asml.com/cip.
About ASML ASML is one of the world's leading providers 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. ASML has more than 8,200 employees on payroll (expressed in full time equivalents), serving chip manufacturers in more than 55 locations in 16 countries. More information about our company, our products and technology, and career opportunities is available on our website: www.asml.com * * *Select the service that is right for you!
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