DGAP-Adhoc

Ad-hoc announcement in accordance with Article 17 of Regulation (EU) No 596/2014 of 16 April 2014: Dialog Semiconductor announces commencement of the process for the third tranche of shares to be bought back pursuant to its share buyback programme

DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Share Buyback Ad-hoc announcement in accordance with Article 17 of Regulation (EU) No 596/2014 of 16 April 2014: Dialog Semiconductor announces commencement of the process for the third tranche of shares to be bought back pursuant to its share buyback programme 22-Feb-2017 / 23:54 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. London, UK, February 22, 2017 - Today the board of directors of Dialog Semiconductor Plc (XETRA: DLG) (the Company), a provider of highly integrated power management, AC/DC power conversion, solid state lighting and Bluetooth(R) Smart wireless technology, has resolved to commence the process to buy back a third tranche of shares pursuant to its share buyback programme announced on 3 May 2016. The third tranche of the share buyback will take place in accordance with the shareholder approvals granted at the Company's Annual General Meeting (AGM) on 28 April 2016. The Company will give notice in writing to each of Barclays Bank PLC, HSBC Bank plc and Merrill Lynch International (together the Brokers) that it wishes to exercise its rights to purchase shares pursuant to the contingent forward share purchase contracts entered into with each of the Brokers on or around the date of the AGM, specifying the terms on which the Company is willing to purchase shares from the Broker that provides the most favourable pricing terms to the Company (the Preferred Broker). These terms include: - the maximum total cost of the shares to be purchased by the Company from the Preferred Broker under the third tranche of the Company's buyback programme shall be EUR75.0 million and the minimum total cost shall be EUR56.25 million; and - the maximum maturity date for the third tranche of the Company's buyback programme shall be 10 July 2017 and the minimum maturity date shall be 9 June 2017. Based on the assumption that the average price at which ordinary shares will be acquired by the Company is EUR47 per share, this would enable the