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BE Semiconductor Industries N.V.
Share Issue/Capital Change • Sep 2, 2024
3819_iss_2024-08-31_8bbe22c7-4b1f-4c4e-8c71-46fe09928942.pdf
Share Issue/Capital Change
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PRESS RELEASE
BE Semiconductor Industries N.V. Completes € 60 Million Share Repurchase Program Announces New € 100 Million Share Repurchase Program
Duiven, the Netherlands, August 31, 2024 - BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam: BESI; OTC: BESIY) today announced the completion of its current € 60 million share repurchase program announced on October 26, 2023 by means of the following transactions:
| Date | Total repurchased | Weighted average price | Total repurchased value |
|---|---|---|---|
| shares | (in euro) | (in euro) | |
| 26-Aug-24 | 6,492 | 119.13 | 773,419.88 |
| 27-Aug-24 | 6,591 | 117.35 | 773,466.37 |
| 28-Aug-24 | 6,460 | 119.72 | 773,385.39 |
| 29-Aug-24 | 6,414 | 120.58 | 773,409.74 |
| 30-Aug-24 | 6,563 | 118.41 | 777,135.33 |
Under this program, a total of 451,356 shares were repurchased at an average price of € 132.93 per share. Details are available on Besi's website.
This regular update of the transactions conducted under the share repurchase program is made public under the Market Abuse Regulation (No. 596/2014/EU).
New € 100 Million Share Repurchase Program
Besi will initiate a new € 100 million share repurchase program effective September 1, 2024. The program is aimed at general capital reduction purposes and to help offset dilution related to Besi's Convertible Notes and shares issued under employee stock plans. It will be funded using Besi's available cash resources and is expected to be completed by October 2025. At present, Besi has authority until October 25, 2025 to purchase up to 10% of its shares issued, or 8.1 million shares.
The program will be executed in accordance with industry best practices and in compliance with European buyback rules and regulations and may be suspended or discontinued at any time. The program will be managed by an independent brokerage firm. All purchases will be executed through Euronext Amsterdam and Multilateral Trading Facilities as defined by the Directive 2014/65/EU of the European Parliament and of the Council of May 15, 2014 on markets in financial instruments and subject to the rules of the relevant Exchange.
About Besi
Besi is a leading supplier of semiconductor assembly equipment for the global semiconductor and electronics industries offering high levels of accuracy, productivity and reliability at a low cost of ownership. The Company 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, cloud server, computing, automotive, industrial, LED and solar energy. Customers are primarily leading semiconductor manufacturers, assembly subcontractors and electronics and industrial companies. Besi's ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.
Contacts:
Richard Blickman, President & CEO Leon Verweijen, SVP Finance Claudia Vissers, Executive Secretary/IR coordinator Edmond Franco, VP Corporate Development/US IR coordinator Tel. (+31) 26 319 4500 [email protected]