Exhibit 99.1
NEWS RELEASE
Versum Materials Declares Quarterly Cash Dividend; Announces Record Date for Special Meeting of Stockholders
TEMPE, Ariz.—(BUSINESS WIRE)—April 30, 2019— Versum Materials, Inc. (NYSE:VSM), a leading global specialty materials supplier to the semiconductor industry, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share. The dividend is payable on May 28, 2019 to all common stockholders of record at the close of business on May 14, 2019.
The declaration and payment of any future dividends will be at the discretion of the Board of Directors.
Versum Materials also announced that it has set May 13, 2019 as the record date for a special meeting of its stockholders to consider and vote on various proposals necessary to approve the previously announced definitive agreement with Merck KGaA, Darmstadt, Germany to acquire Versum Materials. The date and time for the special meeting has not been set. Versum Materials’ stockholders of record as of the close of business on May 13, 2019 will be entitled to notice of, and to vote at, the special meeting.
The transaction is expected to close in the second half of 2019, subject to the approval of stockholders at the special meeting, regulatory clearances and the satisfaction of other customary closing conditions.
About Versum Materials
Versum Materials, Inc. (NYSE: VSM) is a leading global specialty materials company providing high-purity chemicals and gases, delivery systems, services and materials expertise to meet the evolving needs of the global semiconductor and display industries. Derived from the Latin word for “toward,” the name “Versum” communicates the company’s deep commitment to helping customers move toward the future by collaborating, innovating and creating cutting-edge solutions.
A global leader in technology, quality, safety and reliability, Versum Materials is one of the world’s leading suppliers of next-generation CMP slurries, ultra-thin dielectric and metal film precursors, formulated cleans and etching products, and delivery equipment that has revolutionized the semiconductor industry. Versum Materials reported fiscal year 2018 annual sales of about U.S. $1.4 billion, has approximately 2,300 employees and operates 14 major facilities in Asia and the North America. It is headquartered in Tempe, Arizona. Versum Materials had operated for more than three decades as a division of Air Products and Chemicals, Inc. (NYSE:APD).
For additional information, please visithttp://www.versummaterials.com.
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Source: Versum Materials, Inc.
Versum Materials, Inc.
Investor Inquiries:
Soohwan Kim, CFA,602-282-0957
Soohwan.Kim@versummaterials.com