Amsterdam, April 23, 2004 - STMicroelectronics (NYSE: STM) announced
that all of the proposed resolutions were approved at its Annual General
Shareholders' Meeting held in Amsterdam today including the distribution
of the cash dividend of $0.12 per share representing a 50% increase over
last year's dividend.
Among the resolutions, the Annual General Shareholders' Meeting also endorsed
the corporate governance charter proposed by the Supervisory Board.
Furthermore, after the Annual General Shareholders' Meeting, the Supervisory
Board, chaired by Bruno Steve, convened and agreed to the appointment
of Gérald Arbola as Vice Chairman of the Supervisory Board.
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 2003, the Company's net revenues
were $7.24 billion and net earnings were $253 million. Further information
on ST can be found at http://www.st.com
|
|
|
