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angle-left 11/08/2017 - ams announces new share repurchase program for up to two year period to start on 10 November 2017

ams announces new share repurchase program for up to two year period to start on 10 November 2017

2017/11/08

German version

Premstaetten, Austria (8 November 2017) – ams AG (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces that the Management Board has decided to launch a further share repurchase program for up to 8.0% of the issued share capital. In line with the resolution by the shareholders’ meeting of ams AG on 9 June 2017, the repurchased shares may be used for the purpose of covering option exercises under employee stock option plans, as compensation for acquisitions of businesses, for the cancellation of such shares and/or for resale. Based on the current outstanding number of 84,419,826 bearer shares the maximum repurchase volume amounts to 6,753,586 bearer shares.

The repurchase of own shares shall be executed via the ordinary trading line on SIX Swiss Exchange at market price. The repurchase program will commence on 10 November 2017 and will be upheld until 8 November 2019 at the latest. ams AG retains the right to terminate the program at any time and has no obligation to purchase own shares under this share repurchase program. The requirements set forth by the Circular No 1 of the Swiss Takeover Board are complied with. Bank J. Safra Sarasin AG, Basel (Switzerland), has been mandated to execute the share repurchase program.