EANS-Adhoc: austriamicrosystems AG austriamicrosystems announces completion of
transaction to acquire Texas Advanced Optoelectronic Solutions, Inc.
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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14.07.2011
Unterpremstaetten, Austria (July 14, 2011) austriamicrosystems AG (SIX: AMS),
a leading global designer and manufacturer of high performance analog ICs for
the consumer, communications, industrial, medical and automotive markets, today
announced the completion of the transaction to acquire 100% of the shares in
Texas Advanced Optoelectronic Solutions, Inc. ("TAOS"), Plano, Texas (USA).
As part of the total consideration of approx. USD 320 million for the
acquisition of TAOS, 2,706,840 new austriamicrosystems no-par value bearer
shares were issued by way of a capital increase out of existing authorized
capital at an issue price of EUR 37.9843 per share, and were privately placed
with Twilight S, LLC, a limited liability company owned by certain shareholders
of TAOS. After the capital increase, the company's statutory ordinary share
capital is divided into 13,753,092 ordinary no par value bearer shares with a
calculated nominal value of EUR 2.4224 per share.
The application for the newly issued austriamicrosystems shares to be listed and
admitted to trading on the SIX Swiss Exchange according to the Main Standard was
approved by the SIX Swiss Exchange. The listing on the SIX Swiss Exchange will
become effective and trading will commence on July 15, 2011.
Following the successful completion of the transaction, austriamicrosystems
plans to hold an extraordinary shareholders meeting in the near future where the
shareholders shall in particular decide on the election of two representatives
of former TAOS shareholders to the supervisory board.
"The acquisition of TAOS is a major step bringing the company to the next level
of growth and profitability and creating a strong platform to expand our
position in the high performance analog market. We welcome all TAOS employees
and look forward to working with the talented team at TAOS on innovative sensor
technologies for mobile devices leveraging both companies´ world-class sensor
expertise. Together, we are in an excellent position to pursue the significant
opportunities for advanced sensor solutions in growth markets such as
smartphones and tablet PCs", commented John Heugle, CEO of austriamicrosystems.
Important Note
Not for release, publication or distribution in the USA, Canada, Australia and
Japan. This ad-hoc release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to purchase
securities. In connection with this transaction there has not been, nor will
there be, any public offering of the shares of austriamicrosystems. The shares
have not been and shall not be registered under the U.S. Securities Act of 1933,
as amended, and may not be offered, sold or delivered within the USA or to U.S.
persons (as defined in regulation S under the U.S. Securities Act of 1933, in
the respec-tive amended version) absent registration under or an applicable
exemption from the registration requirements of the United States securities
laws, or made public in publications with a general circulation in the USA.
About austriamicrosystems
austriamicrosystems is a leading designer and manufacturer of high performance
analog ICs (integrated circuits), combining over 25 years of analog design
capabilities and system know-how with its own state-of-the-art manufacturing and
test facilities. austriamicrosystems leverages its expertise in low power and
high accuracy to provide industry-leading standard and customized analog
products. Operating worldwide with more than 1,100 employees,
austriamicrosystems focuses on the areas of power management, sensors & sensor
interfaces and mobile infotainment in its markets Consumer & Communications,
Industry & Medical and Automotive. austriamicrosystems is listed on the SIX
Swiss Exchange in Zurich (ticker: AMS). For more information, please visit
www.austriamicrosystems.com
Further inquiry note:
Moritz M. Gmeiner
Director Investor Relations
Tel: +43 3136 500-5970
Fax: +43 3136 500-5420
Email: investor@austriamicrosystems.com
end of announcement euro adhoc
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issuer: austriamicrosystems AG
Schloß Premstaetten
A-8141 Unterpremstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-5420
mail: investor@austriamicrosystems.com
WWW: www.austriamicrosystems.com
sector: Technology
ISIN: AT0000920863
indexes:
stockmarkets: official dealing: SIX Swiss Exchange
language: English