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    SOITEC  780  0 Kommentare Opening from 5 May 2016 to 11 May 2016 of the standing repurchase offer for holders of the 2018 OCEANEs

    Not for publication, release or distribution directly or indirectly in the United States, Canada, Australia or Japan. This press release is not an offer of securities, or a solicitation for purchase, subscription or sale of securities in the United States or in any other jurisdiction in which it would be unlawful to do so. 

    Opening from 5 May 2016 to 11 May 2016 of the standing repurchase offer for holders of the 2018 OCEANEs

    (ISIN: FR0011566793)

    Bernin, France, 5 May 2016 - Upon completion of the reverse bookbuilding process launched on 3 May and 4 May, 2016, Soitec (the "Company" or "Soitec"), through the intermediary of BNP Paribas and Natixis acting as Dealer Managers, received irrevocable indications of selling interests on 22.073.131 bonds convertible into and/or exchangeable for new or existing shares issued by the Company on 18 September 2013 (ISIN: FR0011566793) and due 18 September 2018 (the "2018 OCEANEs"), representing approximately 55.18% of the number of the 2018 OCEANEs initially issued at a unit price of 2,45 euros per 2018 OCEANE (accrued coupon included). The settlement and delivery of the reverse bookbuilding will be subject to completion of the capital increase with shareholders' preferential subscription rights of an amount between 53.5 million euros and 103.5 million euros (the "Share Capital Increase") the principle of which was announced by the Company on 10 February, 2016 and then approved by the Company shareholders' meetings on 11 and 29 April 2016. The Company reminds that BNP Paribas and Natixis, acting as Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners, have already committed to enter into an underwriting agreement in relation with the Share Capital Increase subject to certain customary conditions.

    The number of 2018 OCEANEs repurchased (subject to completion of the Share Capital Increase) in the reverse bookbuilding representing more than 30% of the number of 2018 OCEANEs initially issued, the Company undertakes, in order to ensure a fair treatment of all of the 2018 OCEANEs holders, to implement a standing repurchase offer in France on the regulated market of Euronext in Paris under the same price and settlement and delivery conditions as for the reverse bookbuilding.

    Through this standing repurchase offer, the Company will repurchase on Euronext Paris from 5 May 2016 to 11 May 2016 included, i.e. during five (5) consecutive trading days, at the same price as that decided for the reverse bookbuilding, i.e. 2.45 euros (accrued coupon included) per 2018 OCEANE.

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    SOITEC Opening from 5 May 2016 to 11 May 2016 of the standing repurchase offer for holders of the 2018 OCEANEs Not for publication, release or distribution directly or indirectly in the United States, Canada, Australia or Japan. This press release is not an offer of securities, or a solicitation for purchase, subscription or sale of securities in the United …