Ad-hoc Disclosure - Wacker Chemie AG


Ad-hoc Disclosure

Ad hoc disclosure of June 10, 2015

Munich, Jun 10, 2015

Ad-Hoc Disclosure according to Sec. 15 WpHG (German Securities Trading Act) of June 10, 2015

Wacker Chemie AG / Siltronic AG / IPO / Placement Price

PLACEMENT PRICE FOR SILTRONIC AG SHARE SET AT EUR 30 PER SHARE

Today, the WACKER-Group (“WACKER”), the current owner of Siltronic AG (“Siltronic”), and Siltronic, together with the Joint Global Coordinators and Joint Bookrunners, set the placement price of the Siltronic shares offered at € 30 per share. The price range was set at € 30 to € 38 on May 28, 2015.

A total of 11,000,000 shares are being placed in the context of the offering. Thereof, 5,000,000 are new shares issued in a capital increase by Siltronic and 6,000,000 are existing shares from the holdings of WACKER. In addition, a greenshoe option of 1,650,000 shares is available, also from the holdings of WACKER.

If this option is fully exercised by the syndicate banks, the total number of placed shares will increase to 12,650,000. The total proceeds from the placement stand at approximately € 330 million if the greenshoe option is not exercised or around € 380 million if the greenshoe option is fully exercised.

Siltronic will have a free float of 42.2 percent of its share capital after the capital increase if the greenshoe option is fully exercised. In this case, WACKER will retain 57.8 percent of the company's share capital. The selling shareholder WACKER committed itself not to sell any further Siltronic shares and not to carry out any capital increase or comparable capital measures at Siltronic for a period of six months from the first day of trading without the consent of the Joint Global Coordinators.

Trading of the Siltronic shares is expected to begin on June 11, 2015 on the regulated market segment (Prime Standard) of the Frankfurt Stock Exchange under the ticker symbol WAF and the ISIN DE000WAF3001.

The securities of Wacker Chemie AG and Siltronic AG have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Contact

Wacker Chemie AG
Hanns-Seidel-Platz 4
D-81737 München

Jörg Hoffmann
Tel. +49 89 6279-1633
Email

Additional Information

ISIN: DE000WCH8881
WKN: WCH888
Deutsche Boerse: WCH
Ticker Bloomberg CHM/WCK.GR
Ticker Reuters CHE/WCHG.DE
Listing: Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), Official Market (Prime Standard)

Disclaimer:

This ad hoc-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 forward looking statements, nor does it assume an obligation to do so.