ams announces exclusion of subscription rights in relation to potential convertible bond placement
Premstaetten, Austria (6 February 2018) -- ams AG (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces that its Management Board has resolved today, subject to the consent of the Supervisory Board, to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds (the "Bonds"). The Bonds in an aggregate nominal amount of up to EUR 600 million and with a seven year maturity shall be convertible into new ordinary no par value bearer shares from the Company's conditional capital equal to up to 6.1% of the current issued and outstanding share capital. The timing and terms of the Bond placement, if any, will be determined subject to market conditions. The net proceeds of the bonds will be used for general corporate purposes, including M&A transactions. The report by the Management Board on the exclusion of the subscription rights, as required by Austrian law, will be published in the Vienna Gazette (Amtsblatt der Wiener Zeitung) on or about 8 February 2018.
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