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Financial News

2005/11/04

austriamicrosystems' free float increases to around 59%


austriamicrosystems welcomes additional liquidity from placement by key shareholder

austriamicrosystems (SWX: AMS) has been informed by key shareholder Permira, an international private equity specialist, that funds advised by Permira will place 2.7 million austriamicrosystems shares with international institutional investors in a private placement. As a result, austriamicrosystems’ free float will increase from around 34% to approximately 59%, with Permira retaining a shareholding of around 34% in the company.

austriamicrosystems welcomes this step as the significantly higher free float creates a broader investor base and enhances the stock market presence of the company. “We would like to welcome our new shareholders and at the same time thank Permira for their past and ongoing support. We are convinced that the increased free float and liquidity will make our shares an even more attractive investment,” commented John Heugle, CEO of austriamicrosystems.

About austriamicrosystems
austriamicrosystems is a leading designer and manufacturer of high performance analog ICs, combining more than 20 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 customized and standard analog products. Operating worldwide with more than 840 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces, portable audio and car access through its business units Communications, Industry & Medical, Automotive and Full Service Foundry. austriamicrosystems is listed on the SWX Swiss Exchange in Zurich (ticker symbol: AMS).

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