STMicroelectronics’ Shareholders Approve All Resolutions at Annual General Meeting
Amsterdam, April 27, 2006 - STMicroelectronics (NYSE: STM) has announced that all of the proposed resolutions were approved at the Company’s Annual General Meeting, which was held in Amsterdam today.
The main resolutions were:
* Approval of the Company’s 2005 accounts reported for the first time in accordance with International Financial Reporting Standards (IFRS). (2005 accounts reported under U.S. GAAP were filed with the Securities Exchange Commission under cover of Form 20-F on March 3, 2006.)
* The appointments as members of the Supervisory Board of Messrs. Doug Dunn and Didier Lamouche for three-year terms, and Robert White, for a one-year term.
* The distribution of a cash dividend of US$0.12. The Company’s common shares will trade ex-dividend on the three stock exchanges on which they are listed, on Monday, May 22, 2006. For holders of shares listed on Euronext Paris and the Milan Stock Exchange (Borsa Italiana), Monday, May 22, 2006 will also be the payment date. For holders of shares listed on the New York Stock Exchange, the record date will be Wednesday, May 24, 2006, and the payment date will be on or after Tuesday, May 30, 2006. Transfers between New York and European (Dutch) registered shares will be closed from the end of business in Europe on Friday, May 19, 2006, until the open of business in New York on Thursday, May 25, 2006.
The complete agenda and all related materials concerning the STMicroelectronics N.V. Annual General Meeting are available on the Company’s website www.st.com.
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 2005, the Company’s net revenues were $8.88 billion and net earnings were $266 million. Further information on ST can be found at http://www.st.com
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