Ad-hoc | 1 June 2001 08:22
Süss Micro Tec AG
english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Süss MicroTec AG: Change in shareholder structure
Munich, June 1st, 2001: Alpha, the pre IPO finance investor of Süss MicroTec
AG, invested since September 1997, has reduced its stake from 8.5% to practical
zero. With this transaction the exit of the private equity investor of Süss
MicroTec took place.
In a private placement, executed by ABN AMRO Rothschild, using an accelerated
book building procedure, a total number of 2,065,720 shares have been placed
mainly with blue chip investors in Europe and in the United Sates. More than 50%
of theses shares came from Alpha.
In order to optimize their personnel tax duties, with respect to the upcoming
change in the German tax law (@17 EStG), members of the Süss family as well as
Süss employees took the chance to sell some of their shares capital gain tax
free.
Dr. Franz Richter, CEO of Süss MicroTec AG, reduced his stake from 3.9% down to
3% by selling 125,000 shares. This was the first time that Dr. Richter sold any
of his shares since his investment during the Management Buy Out in September
1997, financed through a private bank loan. Dr. Richter does not plan to place
any further shares into the market for the rest of the year.
The background of the placement from individual shareholders was only due to tax
optimization or personal reasons and had no relations to any business
expectations of the company. Süss MicroTec has reported impressive results
during the last month and quarters with steadily increased sales and earning
numbers compared to the same period of previous years. Also for the running
fiscal year the company expects exciting results with an additional growth in
sales by approx. 30% and a further growth in earnings.
Contact: Süss MicroTec AG Barbara v. Jan Investor Relations
Tel.: + 49 (0) 89 / 320 07-314 e-mail: b.jan@suss.de
end of ad hoc announcement (c) DGAP 01.06.2001
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WKN: 722670; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
010822 Jun 01