WACKER’s gross proceeds from the placement amount to about €352 million. WACKER will announce the effects of the transaction on the Group’s balance sheet when it publishes its Q1 2017 interim report on April 27.
“The successful placement of this large block of shares underscores the trust investors have in Siltronic AG,” said Rudolf Staudigl, WACKER’s CEO. “By successfully completing this transaction, we have achieved our strategic aim of becoming a non-controlling shareholder at Siltronic.”
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities. The securities have already been sold. This release is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States of America would be made by means of a prospectus that could be obtained and that would contain detailed information about the company and management, as well as financial statements. There was and will be no public offer of the securities in the United States of America. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
This press release contains forward-looking statements based on assumptions and estimates of WACKER’s Executive Board. Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other things, changes in the economic and business environment, variations in exchange and interest rates, the introduction of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does not plan to update the forwardlooking statements, nor does it assume the obligation to do so.