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Geneva, March 26, 2007 - STMicroelectronics (NYSE: STM)
has announced the main resolutions to be submitted for shareholders’
approval at the Company’s Annual General Meeting, which will be
held in Amsterdam on Thursday, April 26, 2007.
The main resolutions, proposed by the Supervisory Board, include:
- Approval of the Company’s 2006 accounts reported in accordance
with International Financial Reporting Standards (IFRS). (2006 accounts
reported under U.S. GAAP were filed on SEC Form 20-F on March 14,
2007.)
- The appointments for a three year term, expiring at the 2010 Annual
General Meeting, as members of the Supervisory Board of:
- Mr. Ray Bingham in replacement of Mr. Robert White whose mandate
expires at the next AGM.
- Mr. Alessandro Ovi in replacement of Mr. Antonino Turicchi, who
has announced his decision to resign as from the next Annual General
Meeting, due to the increasing and significant time which he is
required to devote to perform his duties as Managing Director of
Cassa Depositi e Prestiti S.p.A.
- The distribution of a cash dividend of US$0.30. If approved, the
Company’s common shares would trade ex-dividend on the three
stock exchanges on which they are listed, on Monday, May 21, 2007.
For holders of shares listed on Euronext Paris and the Milan Stock
Exchange (Borsa Italiana), Monday, May 21, 2007 would also be the
payment date. For holders of shares listed on the New York Stock Exchange,
the record date would be Wednesday, May 23, 2007, and the payment
date would be on or after Tuesday, May 29, 2007. Transfers between
New York and European (Dutch) registered shares would be closed from
the end of business in Europe on Friday, May 18, 2007, until the open
of business in New York on Thursday, May 24, 2007.
The complete Agenda and relevant detailed information concerning the
STMicroelectronics N.V. Annual General Meeting, as well as all related
AGM materials, will be available on the Company’s website www.st.com
as from March 29, 2007, and made available to shareholders in compliance
with legal requirements.
About STMicroelectronics
STMicroelectronics is a global leader in developing and delivering semiconductor
solutions across the spectrum of microelectronics applications. An unrivalled
combination of silicon and system expertise, manufacturing strength,
Intellectual Property (IP) portfolio and strategic partners positions
the Company at the forefront of System-on-Chip (SoC) technology and
its products play a key role in enabling today’s convergence markets.
The Company’s shares are traded on the New York Stock Exchange,
on Euronext Paris and on the Milan Stock Exchange. In 2006, the Company’s
net revenues were $9.85 billion and net earnings were $782 million.
Further information on ST can be found at www.st.com.
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