ASM International N.V. (NASDAQ: ASMI and Euronext: ASM) announced today that it has decided it will not hold the Extraordinary General Meeting of Shareholders (EGM) scheduled for December 3, 2007. The Company said that current capital market conditions negatively affect its prior consideration to potentially issue one or more financial equity-related instruments in connection with the possible repurchase of the presently outstanding convertibles.
"We are committed to both increasing shareholder value and protecting existing shareholders from potential dilution of their ownership positions. With the interests of our shareholders in mind, we will continue to monitor options and timing for managing our capital structure going forward," commented Arthur del Prado, President and CEO of ASM International.