Corporate News
24 Oct 2011
BE Semiconductor Industries Announces Transactions Under
Share Repurchase Program
Duiven, the Netherlands, October 24, 2011 - BE
Semiconductor Industries N.V. (the "Company" or
"Besi") (NYSE Euronext: BESI; OTCQX: BESIY), a
leading manufacturer of assembly equipment for the
semiconductor industry, today announced that it repurchased
29,611 of its ordinary shares during the period from Friday
October 14, 2011 up to and including Monday October 24,
2011 at a weighted average price of € 4.74 for a total
purchase amount of € 140,243. Since June 6, 2011, Besi has
purchased a total of 3,099,600 of its ordinary shares at a
weighted average price of € 4.76 for a total purchase
amount of € 14,743,798.
The share repurchases are part of a buy-back program
announced on May 20, 2011 according to which the Company
may repurchase up to a maximum of approximately 3.4 million
ordinary shares from time to time until October 2012. The
repurchase program will be implemented in accordance with
industry best practices and in compliance with applicable
buy-back rules and regulations and was initiated to help
reduce share dilution resulting from the conversion of
Besi's 5.5% Convertible Notes due 2012.
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%).