"AZEM make high-purity, advanced specialty chemicals and materials for use in integrated circuits and devices, flat panel displays and photolithographic printing.
Spin-on Dielectrics or AZ "Spinfil" SOD Series is a Poly (perhydrosilazane) � (SiH2NH) based inorganic SOD material designed by AZ Electronic Materials to be used for gapfilling and in planarization applications in advanced device manufacturing. AZ "Spinfil" SOD Series can be converted to SiO2 based film which has similar properties to high performance CVD.
AZ "Spinfil" SOD Series is the industry-standard material and is used as the dielectric technology for FEOL gapfilling applications in advanced device manufacturing
Klebosol is a leading brand of multipurpose colloidal silica, with applications in a diverse array of industries ranging from beverage to electronics.
The Klebosol range of colloidal silica products are stable suspensions of independent (non-agglomerated), non-porous and spherical particles of silica (SiO)
The Optronic market covers Flat-Panel Display, LED and Solar markets where reflectance, transmittance and absorption of visible light are key in the end products.
In combination of our coating, lithography and silicon technologies, AZEM develop, produce and sell products which are key in the performance of the end products and allow for efficient and cost-effective production processes.
AZEM produce and sell specialty niche products consisting of dielectrics, underlayers, yield enhancers and pattern enhancers as well as conventional products consisting of IC photoresist, TFRs, EBRs and other ancillary products.
These products enable the production of ICs, which are integral to the manufacture of a broad range of electronic devices such as computers, telecommunications equipment, electronic systems in automotive and industrial applications and a wide variety of other consumer electronics products."

Comment from Deutsche Bank on maiden results out today:
Strong growth in IC Niche and Optronics, Printing weaker. IC Materials H2 underlying EBITDA was up 26% YoY driven by particularly strong volume growth in higher value IC Niche materials and continued strength in wafer starts. Optronics EBITDA was the positive surprise (27% above DBe), increasing 37% YoY mainly driven by higher volumes (strong increase in FPD business in China). Printing and Others segment however decreased 70% YoY (low absolute profits) reflecting a change in product mix. Corporate costs were in-line with our forecasts.
The outlook is confident with management indicating the business has continued to perform well YTD in-line with original expectations and expects to make further progress throughout the year, partly underpinned by strong R&D in IC Niche (FY 10 R&D spent up 22% YoY). 2011 margins are expected to remain at around the same levels achieved in 2010 (33.1% EBITDA margin achieved in FY 2010). We forecast 33.7% EBITDA margin in 2011 (on just 4% sales growth) and consensus is at 33.2% (on 7% sales growth).

Director Declaration

Yule Catto & Co plc announces that its Chief Executive, Adrian Whitfield, will be appointed to the Board of AZ Electronic Materials SA ("AZ") as an independent non-executive director with effect from 4 May 2011, subject to prior shareholder approval being obtained at AZ's Annual General Meeting to be held on that date.

AZ Electronic Materials S.A. will hold its first Annual General Meeting ("AGM") on Wednesday, 4 May 2011 at Novotel Luxembourg Centre, 35 rue du Laboratoire, BP 532, L-1911 Luxembourg at 12 noon (Central European Time). Notice of the AGM, a Form of Proxy for shareholders and a Form of Direction for holders of depository interests, together with the Annual Report & Accounts for the financial year ended 31 December 2010, have been posted to shareholders today.

Pursuant to Listing Rule 9.6.3, copies of AZ's AGM Notice and 2010 Annual Report & Accounts have also been submitted to the National Storage Mechanism and will shortly be available for inspection at www.hemscott.com/nsm.do.

Copies of the AGM Notice and the 2010 Annual Report & Accounts will also be available on the Company's website, www.az-em.com later today.

06-May-11 - Numis Securities - Buy 289.50p - Tp 400.00p

FT 1st Jun'11
"AZEM : PE holders selling 80m shares
UBS is undertaking an accelerated bookbuild for 80m shares (21% of equity).
The price of 302p is a 10.7% discount to yesterdays close. However, yesterday saw the stock up by 8% in high volume. The free float will increase by 43%, substantially improving liquidity.
The stock is coming equally from the two PE shareholders, Carlyle and Vestar.
Following this sell-down, they will retain a total of 22%, which enables them to retain board representation at AZEM (minimum 10% each).
Our investment case for AZEM is based on an almost unique business model within the chemical industry, which combines:
Structural growth outlook
Very high and stable margins
Capex-light business
This is all underpinned by exceptionally strong market positioning, where ca. 75% of revenue comes from products with #1 or #2 global shares.
Our TP of 380p equates to EV/EBITDA (12) of 9.0x and EV/Sales of 3.0x, which would put the stock in line with our sector valuation matrices.

AZ Electronic Materials S.A. today confirms that it will announce its Interim Results for the six months ended 30 June 2011 on Thursday, 25th August 2011.

RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2011

STRONG GROWTH CONTINUES; EXPECTATIONS UNCHANGED

Highlights
Strong trading performance as the growth trends of 2010 continued into the first half of 2011.
Total revenue up 22% to US$391.8m (up 16% at constant currencies2); Adjusted EBITDA up 18% to US$129.5m (up 10% at constant currencies2).
IC Materials division revenue up 31% to US$269.2m, reflecting strength in demand for niche products used in the production of solid state memory.
Optronics division revenue up 9% to US$109.8m, with market share gains and continued growth in flat panel displays driven by consumer demand for mobile devices and TV displays.
Strong cash flow reduced net debt to US$402.2m; lowering net debt to Adjusted EBITDA3 multiple from 1.9x to 1.6x.
Interim dividend declared of 3.8 cents per share, with Board confirming intention of annual payout being circa 35% of 2011 adjusted earnings.
Expansion of AZ's Korean facility has commenced, targeted at localising supply of several major products from 2013, thereby further strengthening relationships with key customers.

AZ acquires coatings and resins business from Clariant AG

AZ Electronic Materials S.A. ("AZ"), a leading global producer and supplier of high quality, high-purity specialty chemical materials used in the manufacture of integrated circuits and flat panel displays, today announces that it has acquired the polysilazanes coatings and resins business of Clariant AG, for a cash consideration of approximately 4m.

The acquired business, which has become a wholly-owned subsidiary of AZ, includes the world's only commercial organic polysilazane manufacturing plant, located in India, as well as certain laboratory assets, intellectual property and contracts. The acquisition will enable AZ to expand its portfolio to organic polysilazanes, thereby facilitating the development of new business in displays, lighting, solar and non-electronic markets.

StockMarketWire.com
AZ Electronic Materials continued to make good progress in the second half with third quarter trading in line with its expectations.

Group revenue in the quarter increased by 15% to $202.0m and on a constant currency basis was up 7%.

Group revenue for the nine months to the end of September was $593.8m, up 20% on last year.

The group's adjusted earnings before interest, tax, depreciation and amortisation margin in the quarter was in line with the first half of the year, and cash conversion continues to be strong.

StockMarketWire.com
AZ Electronic Materials' major shareholders Carlyle Group and Vestar Capital Partners have cut their stake in the company.

Each has sold 20 million shares to institutional investors through a placing conducted by UBS.

Carlyle Group and Vestar Capital Partners now each hold 22,048,773 shares giving each a 5.79% stake in the company.

Notice of announcement of preliminary results
AZ Electronic Materials S.A. ("AZ") today confirms that it intends to announce its results for the financial year ended 31 December 2011 on Tuesday, 28 February 2012.

The Company will also host a results presentation for sell-side analysts on that day at 8.15am (GMT) at the offices of FTI Consulting, Holborn Gate, 26 Southampton Buildings, London WC2A 1PB. A simultaneous live audiocast of the presentation will be available via the Investors section of the Company's website at www.az-em.com.

StockMarketWire.com
AZ Electronic Materials unveils strong full-year results with good growth in revenues and profits.

Revenues for the year to the end of December rose 16% to $791.8m while underlying after-tax profits were up 104% at $134.1m.

Underlying earnings before interest, tax, depreciation and amortisation was up 16% at $261.0m.

Chief executive Geoff Wild said: "I am pleased to report a strong set of results and good growth in revenue and profits in our first full year of trading as a listed company.

"We have continued to invest substantially in the core drivers of our future success - our products, our processes and our people - in order to meet the requirements of our customers across the globe and ensure sustainable, long-term growth for our business."

Notification of Placing
AZ has received notification that The Carlyle Group and Vestar Capital Partners (the original "Major Shareholders") have today each sold their residual shareholding in the Company to institutional investors, through a combined placing of 44,097,548 shares conducted by Deutsche Bank (the "Placing").

The Placing completes the entire sell down by the Major Shareholders of their respective holdings in AZ following the Company's successful IPO in November 2010.

A full notification by the Company, pursuant to the Luxembourg transparency requirements, will be provided upon receipt of full disclosure from each of the Major Shareholders.

StockMarketWire.com
AZ Electronic Materials' subsidiaries have filed a lawsuit against UP Chemical in Korea for infringing intellectual property rights.

AZ says the lawsuit by its subsidiaries - AZ Electronic Materials IP (Japan) KK and AZ Electronic Materials Korea - concerns the rights relating to perhydropolysilazane (dielectric technology).

The complaint, filed in the Seoul Central District Court, specifically alleges that UP Chem infringes AZ's Korea Patent No.10-724301 by making and selling certain PHPS-based spin-on dielectric materials.

AZ is seeking a permanent injunction and compensatory damages.

Ex-divi wed 28th feb 0.085¢

StockMarketWire.com
AZ Electronic Materials' core business are performing well and its full-year expectations are unchanged.

AZ said that as expected, the more challenging trading conditions that it experienced towards the end of 2011 continued throughout the first quarter.

Group revenue fell by 4% to $184.0m - a reduction of 5% on a constant currency basis - but the earnings before interest, tax, depreciation and amortisation margin was in line with management's expectations.

It adds: "Current trading in April shows that both of our core businesses are performing well. In the integrated circuit industry, several of our customers have reported that they are increasing wafer capacity and utilisation, which we expect to have a positive influence in the second quarter and beyond.

"In the flat panel display industry, we expect an upturn in end user markets and new product qualifications to drive further growth of our Optronics business as we go through the year.

"Assuming no adverse change in the consumer and trading environment, we expect sequential quarterly growth throughout 2012 and management's expectations for the 2012 full year are unchanged."

StockMarketWire.com
AZ Electronic Materials S.A. confirms that it intends to announce its Half-Year Results for the six months ended 30 June 2012 on Thursday, 23 August.

http://www.moneyam.com/action/news/showArticle?id=4431625

Highlights
· Solid trading performance in the first half, in line with our expectations.

· Total revenue down 2% to US$383.6m (down 2% at constant currencies3); second quarter revenues up 8% sequentially.

· EBITDA down 3% to US$125.1m (down 5% at constant currencies3), reflecting lower revenue and higher year-on-year R&D investment.

· IC Materials division revenue down 1% to US$265.8m (down 1% at constant currencies3). Second quarter revenues up 8% sequentially, assisted by improved demand and further product penetration in IC Niche.

· Optronics division revenue down 2% to US$108.1m (down 1% at constant currencies3). Second quarter revenues up 9% sequentially, driven by improved trading in the global flat panel display industry.

· Focused investment to support next generation ICs and FPDs.

· Completion of manufacturing facility expansion in Korea and commencement of production at new build in Taiwan both on schedule for fourth quarter, in support of AZ's IC Niche business.

· Strong cash flow reduced net debt to US$329.5m; net debt to EBITDA2 multiple improved to 1.3x.

· Interim dividend increased by 5% to 4.0 cents per share.

Outlook
We continue to expect growth in the second half of the year and are encouraged that our underlying markets are developing in line with our expectations. Notwithstanding this, we remain mindful of a macroeconomic environment that is driving increased volatility in the short-term demand for our products. This suggests third quarter revenues will be around the same levels as the second quarter, with a stronger growth environment expected in the fourth quarter.

Nice descending flag Harry - which way is it going to break!

Down! :o(
Not (fortunately) holding this one a present.