Our strategy aims to create sustainable value for all our stakeholders. As part of this strategy, we are committed to creating long-term shareholder value. This chapter provides information that is particularly relevant for shareholders and investors, including information related to the share listing and share price performance, dividends and share buybacks.
On December 31, 2017, the total number of issued common shares of ASMI amounted to 62,297,394 compared to 63,797,394 at year-end 2016. The decrease was the result of the cancellation of 1,500,000 treasury shares that was approved by the Annual Meeting of Shareholders (AGM) on May 22, 2017, and became effective on August 1, 2017.
On December 31, 2017, we had 56,140,153 outstanding common shares excluding 6,157,241 treasury shares. This compared to 59,815,843 outstanding common shares and 3,981,551 treasury shares at year-end 2016. Besides the cancellation of 1.5 million treasury shares in August 2017, the change in the number of treasury shares in 2017 was the result of approximately 4.4 million repurchased shares and approximately 745,000 treasury shares that were used as part of share based payments.
|As per January 1:|
|Changes during the year:|
|Cancellation of treasury shares||1,500,000|
|Treasury shares used for share based performance programs||745,256|
|As per December 31:|
On December 31, 2017, 55,783,384 of the outstanding common share were registered with our transfer agent in the Netherlands, ABN AMRO Bank NV; and 356,769 were registered with our transfer agent in the United States, Citibank, NA, New York.
The market capitalization of ASMI at year-end 2017 was €3,165 million, based on the closing share price of €56.37 at Euronext Amsterdam on December 29, 2017 and 56.1 million total outstanding shares per year-end. The market capitalization at year-end 2016 was €2,551 million.
On December 29, 2017, the closing price of ASMI’s shares on Euronext Amsterdam was €56.37. The highest closing price during the year was €62.27, on November 21, 2017, and the lowest was €42.07, on January 5, 2017. The average daily trading volume of ASMI shares on Euronext Amsterdam in 2017 was 251,997. This compares to an average daily volume of 197,807 in 2016.
The graph below shows the performance of ASMI’s shares on Euronext. The total share return in this graph is the performance of the share including dividends paid and capital returned over the period.
Following the voluntary delisting from Nasdaq in August 2015, our NY Registry Shares have been eligible for trading on the over-the-counter (OTC) market in the United States under the symbol ASMIY. Information on the trading and share price of our shares on the OTC Market in the United States can be found on www.otcmarkets.com.