ASML Holding NV (ASML) today announced progress in connection with its share buyback program disclosed on April 19, 2006 as follows:
- To effect share repurchases under its buyback program, ASML enters into forward purchase transactions with a broker acting as principal. Under the terms of these transactions, the exact number of shares that are to be purchased by the broker and delivered to ASML, as well as timing of purchases, is left to the discretion of the broker, within pre-agreed ranges.
- During the period from June 12 to June 16, 2006, ASML acquired 3,467,078 of its shares from the broker pursuant to the share buyback program, at an average price of EUR 15.71 per share.
- The aggregate amount of shares bought back up to and including June 16, 2006 is 12,779,998 and represents 50.0 percent of the announced objective of maximum EUR 400 million to be repurchased during the term of the program.
- ASML's share buyback program was announced on April 19, 2006 and will terminate on April 18, 2007.
- ASML intends to cancel its repurchased shares.