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Veldhoven, the Netherlands, September 25, 2006
ASML Holding NV (ASML) today announced its conditional agreement to enter into financial transactions to reduce partly the dilutive impact of shares that may be issued upon conversion under the 5.75% subordinated convertible bonds due October 15, 2006.
The transactions will be consistent with prior disclosures and authorization by the Annual General Meeting of Shareholders held on March 23, 2006, to repurchase up to 10% of the issued share capital of ASML, and the company’s subsequent share buyback program completed on July 13, 2006, through which ASML acquired 5.25% of its outstanding shares.
“Along with these intended transactions, we reiterate ASML’s commitment to return excess cash to the shareholders and reduce the number of shares outstanding,” said Peter Wennink, executive vice president and Chief Financial Officer, ASML.
The proposed transactions will become effective subject to prevailing market conditions and liquidity.
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 or chips. Headquartered in Veldhoven, the Netherlands, ASML is traded on Euronext Amsterdam and Nasdaq under the symbol 'ASML'.
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