EQS-Adhoc

ams-OSRAM AG: ams OSRAM announces terms of fully underwritten Rights Issue

EQS-Ad-hoc: ams-OSRAM AG / Key word(s): Capital Increase ams-OSRAM AG: ams OSRAM announces terms of fully underwritten Rights Issue 20-Nov-2023 / 07:15 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Ad hoc Announcement pursuant to Art. 53 Listing Rules of SIX Swiss Exchange ------------------------------ ams OSRAM announces terms of fully underwritten Rights Issue

Premstaetten, Austria, and Munich, Germany (20 November 2023) -- ams OSRAM (SIX: AMS) announces the terms relating to the ordinary capital increase with subscription rights (the “Rights Issue”) that has been approved at the extraordinary general meeting on 20 October 2023.

 

Terms of fully underwritten Rights Issue

The management board of ams OSRAM decided on 20 November 2023 to issue [724,154,662] new ordinary no-par value bearer shares with full dividend rights as of January 1, 2023 (the “Offered Shares”) by way of a discounted rights offering at an offer price of CHF [1.07] (the “Offer Price”) per Offered Share, which corresponds to expected gross proceeds of approximately CHF [775] million (approximately EUR [802] million). ams OSRAM intends to use the proceeds from the Rights Issue, together with the proceeds of its upsized and successfully priced offering of senior unsecured notes announced on 16 November 2023 and the sale and leaseback of the Group’s new Kulim 8-inch facility announced on 30 October 2023, to redeem in full its outstanding $450,000,000 7% Senior Notes due 2025 and €850,000,000 6% Senior Notes due 2025, repay amounts outstanding under certain bank facilities, fund general corporate purposes, and pay related fees and expenses.

For each existing ams OSRAM share, ams OSRAM shareholders will receive one subscription right (each a “Right”). [4] Rights entitle each eligible holder to purchase [11] Offered Shares at the Offer Price. The rights exercise period will start on 22 November 2023 and end on 6 December 2023. The Rights Issue is fully underwritten by a syndicate of banks.