STOCK TITAN

ASM announces completion of share buyback program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
buybacks

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.

ASM International N.V. (Euronext Amsterdam: ASMIY) ha completato con successo il suo programma di riacquisto azionario da 150 milioni di euro per il 2024. Il programma, che si è svolto dal 15 maggio al 25 luglio 2024, ha portato al riacquisto di 228.389 azioni a un prezzo medio di €656,77. ASM intende ridurre il proprio capitale ritirando le azioni riacquistate, eccetto quelle necessarie per finanziare i programmi azionari per dipendenti e membri del consiglio. Nell'ultima settimana del programma, sono state riacquisite 52.938 azioni a un prezzo medio di €624,17, per un totale di €33.042.077. Questa iniziativa dimostra l'impegno di ASM nell'utilizzare il capitale in eccesso a beneficio degli azionisti.

ASM International N.V. (Euronext Ámsterdam: ASMIY) ha completado con éxito su programa de recompra de acciones de 150 millones de euros para 2024. El programa, que se desarrolló del 15 de mayo al 25 de julio de 2024, resultó en la recompra de 228.389 acciones a un precio medio de €656,77. ASM tiene la intención de reducir su capital mediante la retirada de las acciones recompradas, excepto las necesarias para financiar los programas de acciones para empleados y miembros de la junta. La última semana del programa vio la recompra de 52.938 acciones a un precio promedio de €624,17, totalizando €33.042.077. Esta iniciativa demuestra el compromiso de ASM de utilizar el efectivo excedente en beneficio de los accionistas.

ASM International N.V. (유럽증권거래소 암스테르담: ASMIY)은 2024년 1억 5천만 유로 규모의 자사주 매입 프로그램을 성공적으로 완료했습니다. 이 프로그램은 2024년 5월 15일부터 7월 25일까지 진행되었으며, 228,389주를 평균 가격 €656.77에 재매입했습니다. ASM은 재매입한 주식을 제외하고 직원 및 이사 주식 프로그램에 필요한 주식을 제외하고 자본을 줄일 계획입니다. 프로그램의 마지막 주에는 52,938주를 평균 가격 €624.17에 재매입하여 총 €33,042,077에 달합니다. 이 이니셔티브는 주주 이익을 위해 여유 현금을 활용하겠다는 ASM의 의지를 나타냅니다.

ASM International N.V. (Euronext Amsterdam: ASMIY) a terminé avec succès son programme de rachat d'actions de 150 millions d'euros pour 2024. Le programme, qui s'est déroulé du 15 mai au 25 juillet 2024, a abouti à la reprise de 228 389 actions à un prix moyen de €656,77. ASM prévoit de réduire son capital en retirant les actions rachetées, sauf celles nécessaires pour financer les programmes d'actions des employés et des membres du conseil d'administration. La dernière semaine du programme a permis le rachat de 52 938 actions à un prix moyen de €624,17, totalisant €33 042 077. Cette initiative illustre l'engagement d'ASM à utiliser les liquidités excédentaires au bénéfice des actionnaires.

ASM International N.V. (Euronext Amsterdam: ASMIY) hat erfolgreich sein Aktienrückkaufprogramm über 150 Millionen Euro für 2024 abgeschlossen. Das Programm, das vom 15. Mai bis zum 25. Juli 2024 lief, führte zum Rückkauf von 228.389 Aktien zu einem Durchschnittspreis von €656,77. ASM beabsichtigt, sein Kapital zu reduzieren, indem die zurückgekauften Aktien zurückgezogen werden, mit Ausnahme der benötigten Aktien zur Finanzierung von Mitarbeiter- und Aufsichtsratsaktienprogrammen. In der letzten Woche des Programms wurden 52.938 Aktien zu einem Durchschnittspreis von €624,17 zurückgekauft, insgesamt €33.042.077. Diese Initiative zeigt das Engagement von ASM, überschüssige Mittel zum Wohl der Aktionäre zu nutzen.

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.

Almere, The Netherlands

July 29, 2024, 8:30 a.m. CET

 

ASM International N.V. (Euronext Amsterdam: ASM) today announces that its €150 million share buyback program 2024 has been completed.

On February 27, 2024, ASM announced the authorization of a new share buyback program of up to €150 million. The program started on May 15, 2024, and was completed on July 25, 2024. In total, we repurchased 228,389 shares at an average price of €656.77, under the 2024 program.

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 € 657.87 € 460,509
July 23, 2024 150 € 682.41 € 102,361
July 24, 2024 25,500 € 644.09 € 16,424,280
July 25, 2024 26,588 € 603.84 € 16,054,927
Total 52,938 € 624.17 € 33,042,077

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

 

Attachment


FAQ

How many shares did ASM International (ASMIY) repurchase in its 2024 buyback program?

ASM International (ASMIY) repurchased 228,389 shares in its 2024 buyback program.

What was the total value of ASM International's (ASMIY) 2024 share buyback program?

ASM International's (ASMIY) 2024 share buyback program had a total value of €150 million.

When did ASM International (ASMIY) complete its 2024 share buyback program?

ASM International (ASMIY) completed its 2024 share buyback program on July 25, 2024.

What was the average price per share in ASM International's (ASMIY) 2024 buyback program?

The average price per share in ASM International's (ASMIY) 2024 buyback program was €656.77.

ASM INTL NV NY REG SHS

OTC:ASMIY

ASMIY Rankings

ASMIY Latest News

ASMIY Stock Data

32.55B
46.27M
1.05%
Semiconductor Equipment & Materials
Technology
Link
United States of America
Almere