end of convertible bonds repurchase program

ams announces end of convertible bonds repurchase program announced on 12 March 2019

2020/01/03

Program ended on 30 December 2019 due to the expiry of its term

German version

Premstaetten, Austria (3 January 2020) -- ams (SIX: AMS), a leading worldwide supplier of high performance sensor solutions, announces that its convertible bonds repurchase program announced on 12 March 2019 ended on 30 December 2019 due to the expiry of its term. The cumulative amounts repurchased under the convertible bonds repurchase program are as follows:

Convertible Bond

ISIN

Total Repurchased Volume (notional)

Total Cash Expenditure (USD)

% Voting Rights Represented

USD Convertible Bond

DE000A19PVM4

USD 29,600,000

23,166,500

0.33%

EUR Convertible Bond

DE000A19W2L5

EUR 75,600,000

58,360,820

0.66%

 

 

 

81,527,320

0.99%

 

The repurchase of the convertible bonds has been executed at market price via over-the-counter trading (OTC trading) and, where appropriate, at the relevant international trading platforms. Citigroup Global Markets Limited, London, was mandated by ams AG to execute the repurchase of the convertible bonds independently in compliance with pre-defined parameters. The repurchase program started on 27 March 2019 and has been upheld until 30 December 2019. The requirements set forth by Circular No 1 of the Swiss Takeover Board have been complied with.