ASM announces completion of share buyback program
Rhea-AI Summary
ASM International N.V. (Euronext Amsterdam: ASMIY) has successfully completed its €150 million share buyback program for 2024. The program, which ran from May 15 to July 25, 2024, resulted in the repurchase of 228,389 shares at an average price of €656.77. ASM intends to reduce its capital by withdrawing the repurchased shares, except for those needed to fund employee and board member share programs. The final week of the program saw the repurchase of 52,938 shares at an average price of €624.17, totaling €33,042,077. This initiative demonstrates ASM's commitment to utilizing excess cash for shareholder benefit.
Positive
- Completed €150 million share buyback program
- Repurchased 228,389 shares at an average price of €656.77
- Intention to reduce capital by withdrawing repurchased shares
- Demonstrates commitment to use excess cash for shareholder benefit
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, ASMIY gained 0.33%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Almere, The Netherlands
July 29, 2024, 8:30 a.m. CET
ASM International N.V. (Euronext Amsterdam: ASM) today announces that its
On February 27, 2024, ASM announced the authorization of a new share buyback program of up to
This share buyback program was executed by a third party. ASM has the intention to reduce its capital by withdrawing the shares repurchased as part of the 2024 share buyback program, save for such number of treasury shares as maybe necessary to fund ongoing share and option programs for employees and board members. The repurchase program is part of ASM's commitment to use excess cash for the benefit of its shareholders.
Weekly update share buyback
In addition, ASM reports the following transactions for July 22 - 25, 2024, which completed the 2024 share buyback program.
| Date | Repurchased shares | Average price | Repurchased value |
| July 22, 2024 | 700 | | |
| July 23, 2024 | 150 | | |
| July 24, 2024 | 25,500 | | |
| July 25, 2024 | 26,588 | | |
| Total | 52,938 | | |
For further details including individual transaction information please visit:
www.asm.com/investors/dividends-share-buybacks.
About ASM International
ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International's common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM's website at www.asm.com.
This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
| Contact Investor and media relations Victor Bareño T: +31 88 100 8500 E: investor.relations@asm.com | Investor relations Valentina Fantigrossi T: +31 88 100 8502 E: investor.relations@asm.com |
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