10.06.2015
Siltronic AG DE000WAF3001
DGAP-News: Siltronic AG: Siltronic AG sets placement price at EUR 30 per share
DGAP-News: Siltronic AG / Key word(s): IPO/Capital Increase
Siltronic AG: Siltronic AG sets placement price at EUR 30 per share
10.06.2015 / 21:51
---------------------------------------------------------------------
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
Press Release
Siltronic AG
Hanns-Seidel-Platz 4
81737 München
www.siltronic.com
Siltronic AG sets placement price at EUR 30 per share
- Placement volume of approximately EUR 380 million if greenshoe option
is fully exercised
- Issue is several times subscribed
- Trading expected to begin on June 11, 2015
Munich, June 10, 2015 - Today Siltronic AG ("Siltronic"), together with the
company's current owner, the WACKER Group ("WACKER"), and the syndicate
banks led by Joint Global Coordinators and Joint Bookrunners Citi and
Credit Suisse, set the placement price of the Siltronic shares at EUR 30
per share. The price range was set at EUR 30 to EUR 38 on 28 May. At this
placement price, Siltronic has a market capitalisation of EUR 900 million.
"The interest from investors shows that Siltronic has achieved a position
of strength and is perceived by institutional investors as an attractive
investment," said Dr. Christoph von Plotho, CEO of Siltronic AG. "We will
do everything we can to live up to the expectations of both our investors
and our customers."
A total of 11,000,000 shares are being placed in the context of the
offering. Thereof, 5,000,000 are new shares issued in a capital increase by
Siltronic and 6,000,000 are existing shares from the holdings of WACKER. In
addition, a greenshoe option of 1,650,000 shares is available, also from
the holdings of WACKER. If this option is fully exercised by the syndicate
banks, the total number of placed shares will increase to 12,650,000. The
total proceeds from the placement stand at approximately EUR 330 million if
the greenshoe option is not exercised or around EUR 380 million if the
greenshoe option is fully exercised. Siltronic will have a free float of
42.2 percent of its share capital after the capital increase if the
greenshoe option is fully exercised. In this case, WACKER will retain 57.8
percent of the company's share capital.
The selling shareholder WACKER committed itself not to sell any further
Siltronic shares and not to carry out any capital increase or comparable
capital measures at Siltronic for a period of six months from the first day
of trading without the consent of the Joint Global Coordinators. Trading of
the Siltronic shares is expected to begin on June 11, 2015 on the regulated
market segment (Prime Standard) of the Frankfurt Stock Exchange under the
ticker symbol WAF and the ISIN DE000WAF3001.
Of the total shares offered, approximately 99 percent were allocated to
institutional investors and 1 percent to private investors, thereby
adhering to the "Principles for the Allocation of Share Issues to Private
Investors" published by the Exchange Expert Commission at the German
Ministry of Finance. Of the total shares offered, approximately 20 percent
were allocated to German investors, around 45 percent to U.S. based
investors and approximately 25 percent to investors in the United Kingdom.
Further information available from:
Siltronic Press contact:
Susanne Christmann
Tel.: +49 (0)89 599 458 134
Email: [email protected]
Siltronic Investor Relations contact
Judith Distelrath
Tel.: +49 (0)89 8564 3133
Email: [email protected]
Company Profile
Siltronic is the world's third largest producer of hyperpure silicon wafers
and a partner to many top-tier chip manufacturers. The company operates
production facilities in Europe, Asia and the USA. Siltronic develops and
manufactures wafers with diameters of up to 300 mm. Silicon wafers form the
basis of the modern micro and nanoelectronics. They are used, for instance,
in computers, smartphones, flat-panel displays, navigation systems,
automotive engine control systems and many other applications.
This press release 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. We may also make forward-looking statements in other
reports, in presentations, in material delivered to shareholders and in
press releases. In addition, our representatives may from time to time make
oral forward-looking statements. Such statements are based on the current
expectations and certain assumptions of WACKER's and Siltronic's
management, of which many are beyond our control. These are subject to a
number of risks and uncertainties. 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. Neither Siltronic or Wacker intends, nor assumes any obligation,
to update or revise these forward-looking statements in light of
developments which differ from those anticipated.
This announcement is not and does not constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities in the United
States of America, Germany or any other jurisdiction. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). Any public offering of securities to be
made in the United States of America would be made by means of a prospectus
that could be obtained from Siltronic AG and that would contain detailed
information about the company and management, as well as financial
statements. There will be no public offer of the securities in the United
States of America.
This press release is not a prospectus. Investors should not purchase or
subscribe for any shares referred to in this press release except on the
basis of information in the prospectus to be issued by the company in
connection with the offering of such shares. Copies of the prospectus will,
following approval of the German Financial Supervisory Authority (BaFin)
and publication, be available free of charge from Siltronic AG or on
www.siltronic.com.
This press release is directed at and/or for distribution in the United
Kingdom only to (i) persons who have professional experience in matters
relating to investments falling within article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended
(the "Order") or (ii) high net worth entities falling within article
49(2)(a) to (d) of the Order (all such persons are referred to herein as
"relevant persons"). Any person who is not a relevant person should not act
or rely on this press release or any of its contents. Any investment or
investment activity to which this press release relates is available only
to relevant persons and will be engaged in only with relevant persons.
---------------------------------------------------------------------
10.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Siltronic AG
Hanns-Seidel-Platz 4
81737 Munich
Germany
Phone: +49 89 8564 3133
Fax: +49 89 8564 3906
E-mail: [email protected]
Internet: www.siltronic.com
ISIN: DE000WAF3001
WKN: WAF300
Listed: Regulated Market in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed (Prime
Standard, Frankfurt)
End of News DGAP News-Service
---------------------------------------------------------------------
367287 10.06.2015
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Siltronic AG ISIN: DE000WAF3001 können Sie bei EQS abrufen
Halbleiter , WAF300 , WAF , XETR:WAF