Meanwhile, WACKER holds 51.8 percent of Siltronic. After con-cluding the transaction, WACKER will remain a major Siltronic shareholder, with a stake of more than 30 percent.
“Siltronic’s share price has risen strongly over the last 12 months and the stock is currently trading well above the IPO issue price of €30 in June 2015,” said Rudolf Staudigl, Wacker Chemie AG’s CEO. “Given the favorable market situation in the semiconductor industry, we saw an opportunity to significantly reduce WACKER’s stake in Siltronic and, as planned, become a non-controlling shareholder.”
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 forward-looking statements, nor does it assume the obligation to do so.