austriamicrosystems’ free float increases to around 93%
austriamicrosystems thanks Permira for outstanding support as key shareholder
austriamicrosystems (SWX: AMS), has been informed by key shareholder Permira, an international private equity specialist, that funds advised by Permira have sold their remaining shareholding of around 34% in the company to Morgan Stanley & Co. International Limited for placement with international institutional investors. Following this placement, austriamicrosystems’ free float will increase from around 59% to approximately 93%.
austriamicrosystems welcomes this step as the significantly higher free float creates a broader investor base and raises the profile of the company in the capital markets. austriamicrosystems thanks Permira for their strong support as a key shareholder over a considerable period of time and their assistance in re-positioning the company as a leading global provider of high performance analog semiconductors.
“We would like to welcome our new shareholders from this placement. We are convinced that given the increased free float and liquidity our shares are even more attractive for a wide range of investors. At the same time, we thank Permira for the outstanding support they have provided over the last years as austriamicrosystems has become a much stronger company excellently positioned in exciting market segments worldwide,” commented John Heugle, CEO of 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 850 employees, austriamicrosystems focuses on the areas of power management, sensors & sensor interfaces, portable audio and car access in its markets Communications, Industry & Medical and Automotive, complemented by its Full Service Foundry activities. austriamicrosystems is listed on the SWX Swiss Exchange in Zurich (ticker symbol: AMS).