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Inhalt der
Ad-Hoc-Mitteilung:
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DGAP-Ad-hoc: Siltronic AG / Key word(s):
Offer/Letter of Intent
Siltronic AG is in advanced, near to final
discussions on a takeover offer by GlobalWafers Co.,
Ltd. from Taiwan
29-Nov-2020 / 18:50 CET/CEST
Disclosure of an inside information acc. to
Article 17 MAR of the Regulation (EU) No 596/2014,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the
content of this announcement.
Ad hoc announcement / Disclosure of an inside
information according to Article 17 MAR
Siltronic AG
Hanns-Seidel-Platz 4
81737 Munich
www.siltronic.com
Siltronic AG is in
advanced, near to final discussions on a takeover
offer by GlobalWafers Co., Ltd. from Taiwan
Germany, Munich, November 29, 2020 - The
Executive Board of Siltronic AG ("Siltronic") is in
advanced, near to final discussions to enter into a
Business Combination Agreement ("BCA") with
GlobalWafers Co., Ltd. ("GlobalWafers"). Siltronic
expects that GlobalWafers will make a voluntary
tender offer to Siltronic shareholders at an offer
price of EUR 125 per share. In addition, the
Executive Board intends to propose a dividend in line
with the Company's dividend policy of approximately
EUR 2 per share for fiscal year 2020, which is
expected to be paid prior to the completion of the
transaction.
The offer price represents a premium of 48 % above
the volume-weighted average XETRA price over the last
90 days and is based on intensive negotiations over a
number of months between the parties. The Executive
Board of Siltronic AG considers this offer price to
be attractive and appropriate. The merger would
create a leading player in the wafer industry with a
comprehensive product portfolio that can offer
technologically sophisticated products to all
semiconductor customers.
Both parties are in agreement on the key terms of
the BCA. According to the current status of the
document, Siltronic can pursue an essentially
unchanged business strategy, the social partnership
with the employee representatives will be maintained,
and there will be no site closures or layoffs of
employees for operational reasons in Germany until
the end of 2024.
The Executive Board has already informed the
Supervisory Board about the potential transaction.
Siltronic and GlobalWafers are working towards a
formal announcement of the signing of the BCA in the
second week of December 2020, following discussion
and approval by the Supervisory Board of Siltronic
and the Board of GlobalWafers.
Additional information
ISIN: DE000WAF3001
WKN: WAF300
Deutsche Boerse: WAF
Trading: Amtlicher Markt (Prime Standard),
Frankfurter Wertpapierbörse
Contact:
Petra Müller
Head of Investor Relations &
Communications
Tel.: +49 (0)89 8564 3133
E-Mail: investor.relations@siltronic.com
Important Information
This adhoc announcement contains statements
related to our future business and financial
performance and future events or developments
involving Siltronic that may constitute
forward-looking statements. These statements may be
identified by words such as "expect," "look forward
to," "anticipate" "intend," "plan," "believe,"
"seek," "estimate," "will," "project" or words of
similar meaning. Such statements are based on the
current expectations and certain assumptions of the
Siltronic-management, of which many are beyond the
control of Siltronic. These are subject to a number
of risks, uncertainties and factors. Should one or
more of these risks or uncertainties materialize, or
should underlying expectations not occur or
assumptions prove incorrect, actual results,
performance or achievements of Siltronic may
(negatively or positively) vary materially from those
described explicitly or implicitly in the relevant
forward-looking statement. Siltronic neither intends,
nor assumes any obligation, to update or revise these
forward-looking statements in light of developments
which differ from those anticipated.
29-Nov-2020 CET/CEST The DGAP Distribution
Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: |
English |
| Company: |
Siltronic AG |
|
Hanns-Seidel-Platz
4 |
|
81737 Munich |
|
Germany |
| Phone: |
+49 89 8564 3133 |
| Fax: |
+49 89 8564-3904 |
| E-mail: |
investor.relations@siltronic.com |
| Internet: |
www.siltronic.com |
| ISIN: |
DE000WAF3001 |
| WKN: |
WAF300 |
| Indices: |
MDAX, TecDAX |
| Listed: |
Regulated Market in
Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange |
| EQS News ID: |
1151323 |
|
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| End of
Announcement |
DGAP News
Service |
1151323 29-Nov-2020 CET/CEST |