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Offer oversubscribed – Elmos buys back 1.54 million shares or rather approx. 7.66% of the share capital within the scope of the buyback offer
Dortmund, March 31, 2020: Within the scope of the public share buyback offer of Elmos Semiconductor AG (“Elmos“ or the “Company“) announced on March 16, 2020 at 17.28 hrs. (CET), altogether 2,303,289 Elmos shares (equivalent to approx. 11.46% of the Company’s share capital) have been tendered to the Company as of the expiry of the extended acceptance period which ended March 26, 2020, 24.00 hrs. (CET).
The public share buyback offer of Elmos (“public buyback offer“) was made for up to 1,540,000 no-par bearer shares of the Company (ISIN DE0005677108 / WKN 567 710) so that not all declarations of acceptance can be considered in full.
Declarations of acceptance will be considered on a pro-rata basis, i.e. in proportion of the maximum number of Elmos shares to be purchased according to the public buyback offer (i.e. 1,540,000 Elmos shares) to the total number of Elmos shares tendered for buyback. The Company makes use of the option, provided by the authorization given by the General Meeting of Shareholders of May 16, 2018, for the privileged acceptance of small numbers of no more than 100 Elmos shares tendered. These are thus privileged and considered in full, yet up to a maximum number of 1,540,000 Elmos shares.
The Company will then purchase 100 Elmos shares from each Elmos shareholder who has tendered more than 100 Elmos shares plus the prorated number of Elmos shares, to be determined according to the offer document, tendered in excess of the first 100 Elmos shares by that shareholder. The tendered shares will probably be booked out of the clients’ securities custody accounts by the custodian banks up to and including April 8, 2020 against credit entry of the offer price.
After the completion of the transaction, the Company will hold 2,008,921 treasury shares altogether, taking into consideration previously acquired shares; this number equals approx. 9.99% of the Company’s share capital.
Contact
Elmos Semiconductor AG
Janina Rosenbaum, Head of Investor Relations, Tel: +49-231‐7549‐287
Mathias Kukla, Press Relations, Tel: +49-231-7549-199
Email: invest[at]elmos.com
IMPORTANT NOTICE
This announcement may not be published, distributed or transmitted in the United States of America, Canada, Australia or Japan. This communication is not directed at or for transmission to, or use by, any person who is a national or resident of any state, country or other jurisdiction, or who is located in any jurisdiction where the transmission, publication, availability or use of this communication would be contrary to applicable law or would require any registration or license within such jurisdiction.
Neither this announcement nor its contents may be published, sent, distributed or disseminated in the United States of America by any means or instrument of interstate commerce or of foreign trade or of the facilities of any national stock exchange of the United States of America. This includes, but is not limited to, fax transmission, electronic mail, telex, telephone and the Internet. Copies of this Offer and other related documents may not be sent or transmitted to or within the United States of America.
This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase any securities of the Company in the United States of America, Germany or any other jurisdiction.
This announcement contains forward-looking statements based on assumptions and estimates made by the management of Elmos. Although we assume that the expectations contained in these forward-looking statements are realistic, we cannot guarantee that they will prove to be correct. The assumptions may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause such differences include, among others, changes in the economic and business environment, fluctuations in exchange rates and interest rates, the introduction of competing products, lack of acceptance of new products and changes in business strategy. Elmos does not plan to update the forward-looking statements, nor does it assume any obligation to do so.
About Elmos
Elmos develops, produces and distributes semiconductors and sensors, primarily for use in the automotive industry. Our components communicate, measure, regulate and control safety, comfort, powertrain and network functions. For over 30 years, Elmos innovations have been bringing new functions to life and making worldwide mobility safer, more comfortable, and more energy efficient.