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BE Semiconductor Industries N.V.
Transaction in Own Shares • Aug 1, 2022
3819_iss_2022-07-29_61886f70-b78a-49c8-931a-86423a78bed1.pdf
Transaction in Own Shares
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PRESS RELEASE
BE Semiconductor Industries N.V. Completes € 185 Million Share Repurchase Program
Duiven, the Netherlands, July 29, 2022 - BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam: BESI; OTC: BESIY) reports the following transactions, conducted under its share repurchase program announced on July 26, 2018.
| Date | Total repurchased shares |
Weighted average price (in euro) |
Total repurchased value (in euro) |
|---|---|---|---|
| 27-Jul-22 | 24,020 | 49.96 | 1,199,964.74 |
| 28-Jul-22 | 23,678 | 50.68 | 1,199,982.10 |
| 29-Jul-22 | 22,534 | 52.31 | 1,178,688.19 |
The purchases above represent the completion of the current € 185 million share repurchase program under which a total of 5,123,961 shares were repurchased at an average price of € 36.10 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 € 300 Million Share Repurchase Program
On July 21, 2022, Besi announced the initiation of a new € 300 million share repurchase program effective August 1, 2022. 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, is expected to be completed by October 2023 and will represent approximately 7.5% of Besi's outstanding shares based on Besi's closing share price on July 20, 2022. At present, Besi has authority until October 29, 2023 to purchase up to 10% of its shares issued, or 8.1 million shares.
The new share repurchase 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 located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.
Contacts:
Richard Blickman, President & CEO Hetwig van Kerkhof, SVP Finance Leon Verweijen, VP Finance Claudia Vissers, Executive Secretary/IR coordinator Edmond Franco, VP Corporate Development/US IR coordinator Tel. (+31) 26 319 4500 [email protected]