Ad-hoc | 21 September 2007 02:17
Infineon Technologies AG / Miscellaneous
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. PERSONS
Neubiberg, Germany – September 21, 2007 – Infineon (FSE/NYSE: IFX) today
announced that it had, together with the lead underwriters, fixed the issue
price and size of its sale of Qimonda American Depository Shares (ADS), as
well as the final conditions for the exchangeable bond and the volume of
the related share lending agreement.
For the sale of Qimonda-ADSs, the issue price is US $ 10.92 per ADS. In
total,
25 million ADSs were placed in the market, representing an aggregate issue
size of 194 million Euros. Infineon's interest in Qimonda has been reduced
to 78.6 percent. This figure does not take into account exercise of the
greenshoe option of an additional 3.75 million shares. Should this option
be exercised in full, Infineon’s share in Qimonda would decline further to
77.5%.
In parallel, Infineon Technologies Investment B.V., a wholly owned
subsidiary of Infineon Technologies AG, issued an exchangeable bond in the
amount of Euro 190 million. The coupon of the three-year exchangeable bond
is 1.375 percent per year. The exchange price is US $ 14.74 for each
Qimonda ADS,
corresponding to an exchange premium of 35 percent. If all bondholders
exercise their exchange rights, Infineon would deliver 18.1 million Qimonda
ADSs, equivalent to approximately 5.3 percent of Qimonda's share capital.
This does
not take into account an additional greenshoe option on the exchangeable
bond of Euro 25 million with an additional 2.4m underlying Qimonda shares.
Should the greenshoe option be exercised and should all bondholders
exercise their exchange rights also for the greenshoe portion, then the
percentage of Infineon’s Qimonda holding placed through the exchangeable
bond would increase to 6.0 percent.
Concurrently with these transactions, Infineon has loaned an affiliate of
U.S. investment bank JP Morgan Securities, 3.6 million Qimonda ADSs
ancillary to the placement of the exchangeable bond which were all placed
as part of the Qimonda ADSs sale.
This news release does not constitute an offer of the exchangeable bonds
for sale in the United States. The exchangeable bonds have not been
registered under the U.S. Securities Act of 1933, as amended (the 'Act')
and may not be offered or sold in the United States or to or for the
account of U.S. persons unless the securities are registered under the Act,
or an exemption from the registration requirements of the Act is available.
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Information and Explaination of the Issuer to this News:
Investment banks Citi, Credit Suisse and JPMorgan acted as joint
bookrunners on both the sale of Qimonda ADSs and the exchangeable bond.
A copy of the prospectus relating to the ADSs may be obtained from Citi,
Brooklyn Army Terminal, 140 58 th Street, 8 th floor, Brooklyn, NY 11220
(Tel: +1-718-765-6732), Credit Suisse, Prospectus Department, One Madison
Avenue, New York, NY 10010, (Tel: +1-800-221-1037) or JPMorgan, Prospectus
Library, 4 Chase Metrotech Center, CS Level, Brooklyn, NY 11245 (Tel:
+1-718-242-8002). It may also be accessed through Infineon’s website at
www.infineon.com, Qimonda’s website at www.qimonda.com or directly through
the U.S. Securities and Exchange Commission at www.sec.gov/.
This news release contains forward-looking statements about our future
business. These forward-looking statements include statements relating to
financing measures Infineon and Qimonda may undertake. These
forward-looking statements are subject to a number of uncertainties
including those described in the 'Risk Factors' section of the annual
report of Infineon on Form 20-F filed with the U.S. Securities and Exchange
Commission on November 30, 2006. Infineon does not assume any obligation to
update or revise these forward-looking statements in light of developments
which differ from those anticipated.
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications and security. In fiscal year 2006 (ending
September), the company achieved sales of Euro 7.9 billion (including
Qimonda sales of Euro 3.8 billion) with approximately 42,000 employees
worldwide (including approximately 12,000 Qimonda employees). With a global
presence, Infineon operates through its subsidiaries in the US from
Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan from
Tokyo. Infineon is listed on the Frankfurt Stock Exchange and on the New
York Stock Exchange (ticker symbol: IFX).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press/
21.09.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart;
Terminbörse EUREX; Foreign Exchange(s) NYSE
End of News DGAP News-Service
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