EANS-Adhoc

ams AG / ams announces acceptance threshold for ams? takeover offer for OSRAM is satisfied

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Mergers - Acquisitions - Takeovers
06.12.2019

Premstaetten - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
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ams announces acceptance threshold for ams' takeover offer for OSRAM is
satisfied


* ams has today exceeded the minimum acceptance threshold of 55%
* Additional acceptance period to run from 11 until 24 December, 24.00 CET
* ams looks forward to working closely with the OSRAM management team and all
OSRAM and ams stakeholders to realize shared goal of a global leader in sensor
solutions and photonics
* ams intends to invite its shareholders to an EGM to be held in January 2020 to
authorize the proposed equity capital raising


Premstaetten, Austria (6 December 2019) -- ams (SIX: AMS), a leading worldwide
supplier of high performance sensor solutions, is pleased to announce that today
the acceptance threshold of 55% for its all-cash takeover offer for OSRAM Licht
AG ("OSRAM") (the "Offer") announced on 7 November 2019 has been satisfied. The
period in which acceptances can continue to be booked into the Offer continues
until Monday, 9 December 2019 and the final results of the Offer will be
published on Tuesday, 10 December 2019.

"We are pleased to announce that we have been successful in achieving the
minimum acceptance threshold in our Offer for OSRAM," says Alexander Everke, CEO
of ams. "We would like to thank OSRAM shareholders for placing their trust in us
and understanding the compelling strategic and industrial logic of the
transaction. We look forward to creating a European based global leader in
sensor solutions and photonics through the combination of ams and OSRAM. Based
on this shared objective, we will work closely with the OSRAM management team
and all OSRAM and ams stakeholders to make the combination a resounding success
and create a strong path forward for OSRAM and ams. OSRAM shareholders who have
not yet tendered their shares can still do so during the additional acceptance
period, ending on 24 December 2019."

"Following ams' successful takeover bid for OSRAM, we can now jointly establish