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WACKER successfully completes sale of shares in Siltronic
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES COULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, SOUTH AFRICA, AUSTRALIA OR JAPAN. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.
THE SALE OF SHARES DESCRIBED HEREIN WAS MADE EXCLUSIVELY TO QUALIFIED INVESTORS AND HAS BEEN COMPLETED; NO FURTHER OFFER WILL BE MADE.
Wacker Chemie AG ("WACKER") has successfully placed approximately 2.2 million shares of Siltronic AG ("Siltronic") at a price of €77.25 per Siltronic share. The placement corresponds to 6.7 percent of Siltronic's capital stock and reduces WACKER's shareholding in Siltronic to approximately 15 percent.
The gross proceeds for WACKER from the placement amount to approximately €171 million. The shares were sold as part of a private placement in the form of an accelerated bookbuilding process to qualified investors and to international institutional investors only.
"We remain very satisfied with Siltronic's development and continue to support the company's strategy. This transaction strengthens our financial position and creates additional scope to invest in future growth”, says WACKER CEO Christian Hartel.
WACKER undertook vis-à-vis the Joint Global Coordinators acting for it on the transaction not to dispose of any further Siltronic shares in the 90 days following launch of the placement, subject to certain exemptions and waiver. Rothschild & Co acted as financial advisor to WACKER.
To the extent this announcement contains predictions, expectations or statements, estimates, opinions and projections with respect to anticipated future performance of Siltronic and/or WACKER ("Forward-looking Statements"), they are based upon current views and assumptions of the WACKER management, which were made to its best knowledge. Forward-looking Statements reflect various assumptions taken from WACKER's current business plan or from public sources which have not been independently verified or assessed by and which may or may not prove to be correct. Forward-looking Statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Siltronic and/or WACKER or the success of the industries in which Siltronic and/or WACKER operates to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these Forward-looking Statements. In consideration of these risks, uncertainties and other factors, persons receiving this document are advised not to rely on these Forward-looking Statements. WACKER does not assume any liability or guarantee for such Forward-looking Statements and will not adjust them to any future results and developments.
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