Corporate News
25 May 2012
Besi Announces Details of 2011 Dividend Payment
Duiven, the Netherlands, May 25, 2012, BE Semiconductor
Industries N.V. ("the Company" or
"Besi") (Euronext: BESI; OTCQX: BESIY), a leading
manufacturer of assembly equipment for the semiconductor
industry announced today that the number of dividend rights
has been fixed at 24.7 per share (the "Exchange Ratio") for
the 2011 financial year.
The Exchange Ratio is based on a share price of € 5.531,
which is the volume weighted average price of the ordinary
shares traded on NYSE Euronext Amsterdam on May 23, 24 and
25, 2012. Based on this volume weighted average share
price, each dividend right entitles the holder to receive
1/24.7 of a share with a value of € 0.22393, which is
approximately 1.79% higher than the value of the cash
dividend of € 0.22 per ordinary share.
The Company will distribute in aggregate 571,710 shares
from the Company's treasury shares in connection with the
dividend payment to shareholders who opted to receive the
dividend in shares. In addition, the Company will pay in
aggregate € 5.1 million to shareholders who opted to
receive the dividend in cash.
Payment of the cash dividend and the delivery of shares
related to the exchange of dividend rights will take place
starting May 31, 2012, through the bank or broker where the
shares are held.
BE Semiconductor Industries N.V. (Besi) specializes in the design, manufacturing and marketing of semiconductor assembly equipment for the global semiconductor and electronics industries. The group develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile Internet, computer, automotive, industrial, RFID, LED and solar energy.
Net sales are distributed geographically as follows: Ireland (7.5%), Europe (8.2%), China (35.5%), Malaysia (8.4%), Korea (7.3%), Taiwan (6.5%), Thailand ( 3.6%), Asia/Pacific (11.8%), United States (8.8%) and other (2.4%).