EANS-Adhoc

ams AG / Repurchase of Convertible Bonds - ATTACHMENT - Seite 2

The management board of ams has decided to
repurchase the Convertible Bonds up to a
maximum amount of EUR 100,000,000 (at the date
of this repurchase announcement corresponding
to approximately USD 119,000,000 or CHF
110,000,000).
The share capital of the Company is currently
divided into 274'289'280 ams-Bearer Shares.
The resolved repurchase of the Convertible
Bonds relates to sale rights in an amount of
less than 10% of the share capital.
The purpose of the repurchase of the
Convertible Bonds is (i) the reduction of
Purpose liabilities from the Convertible Bonds through
the repurchase and the cancellation of the
repurchased Convertible Bonds and (ii) the
improvement of the capital structure.

The repurchase of the Convertible Bonds will
start on 8 April 2021 and be upheld until 30
December 2021 at the latest.
Duration ams reserves the right to terminate this
repurchase program at any time and has no
obligation to repurchase any Convertible
Bonds at any time. ams will act as buyer
depending on market conditions.
The repurchase at market price will, as usual
Over-the-Counter and Stock for convertible bonds, be executed over-the-
Exchange Trading counter (OTC) and, where appropriate, at the
relevant international trading platforms.
The maximum daily repurchase volume according
to Art. 123 para. 1 lit. c of the Swiss
Ordinance on Financial Market Infrastructures
and Market Conduct in Securities and
Maximum Daily Repurchase Volume Derivatives Trading ("FMIO") amounts to USD
2,000,000 for the 2017-USD-Convertible Bond,
EUR 5,000,000 for the 2018-EUR-Convertible
Bonds and EUR 5,000,000 for the 2020-EUR-
Convertible Bond.
HSBC Trinkaus & Burkhardt AG, Dusseldorf,
Mandated Bank Germany ("HSBC") was mandated by ams to
execute the repurchase of the Convertible
Bonds.
There is a delegation agreement pursuant to
Art. 124 para. 2 lit. a and para. 3 FMIO in
place between ams and HSBC under which HSBC
independently carries out repurchases in
Delegation Agreement compliance with defined parameters. ams has
the right to terminate this delegation
agreement without cause or to amend the
delegation agreement pursuant to Art. 124
para. 3 FMIO.
ams will provide on its website on-going
Publication of the repurchase information on the repurchases carried out
transaction under the repurchase program: https://
ams.com/convertible-bond-buy-back.
As per 12 March 2021, ams held directly and
indirectly 13,615,960 ams-Bearer Shares,
which corresponds to 4.96% of ams' voting
rights and share capital. ams did at the same
time not hold any of its own Convertible
Bonds.
As per the date of this announcement, ams
disposes with respect to the 2017-USD-