Infineon Technologies AG / Capital Increase
16.07.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BaFin approves listing prospectus;
Infineon launches rights issue for up to Euro 725 million with a
subscription period from 20 July 2009 through 3 August 2009
Neubiberg, Germany - July 16, 2009 - Infineon Technologies AG announces its
launch of a rights issue for up to 337 million shares with a subscription
price of Euro 2.15 per share and a subscription period from 20 July 2009
through 3 August 2009. The German Federal Financial Supervisory Authority
(BaFin) gave its required approval for the prospectus today. The new shares
will be offered to Infineon's shareholders for subscription at a ratio of
four new shares for every nine existing shares held. Infineon's depositary
will also make subscription rights for new American Depositary Shares (ADS)
available to the holders of Infineon's ADSs during the period from 20 July
2009 through 29 July 2009. Settlement for the new shares subscribed for
under the rights offering is expected to occur on or about August 7, 2009.
Settlement of the unsubscribed new shares to be sold in a private placement
to a company held by funds managed by an affiliate of Apollo Global
Management LLC (Apollo) is additionally subject to applicable regulatory
clearances, which are expected to be received during the course of August
2009.
Apollo has agreed to acquire at the subscription price up to approximately
326 million new shares not subscribed for by existing shareholders, subject
to certain conditions. Among others, Apollo's participation in Infineon
must not exceed a shareholding of 30 percent minus one share of Infineon's
share capital after implementation of the rights issue. In addition, the
commitment is subject to the condition that Apollo, after implementation of
the rights offering, has obtained a minimum shareholding of 15 percent of
Infineon's share capital. Apollo has the right to waive such condition.
The subscription rights for the new shares will not be traded on the
regulated market of the Frankfurt Stock Exchange.
Credit Suisse Securities (Europe) Limited, Deutsche Bank AG and Merrill
Lynch International are acting as Joint Bookrunners for the rights
offering.
D I S C L A I M E R
Infineon Technologies AG may file a registration statement (including a
prospectus) with the U.S. Securities and Exchange Commission ('SEC') for
the offering to which this communication relates. Before you invest, you
should read that registration statement (including the prospectus) for more
complete information about Infineon and this offering. You may get these
documents for free by visiting EDGAR on the SEC website at www.sec.gov or
on Infineon's website at www.infineon.com by clicking 'Investor'.
Alternatively, Infineon will arrange to send you the prospectus after
filing if you request it by calling +49-89-234-26655 or emailing
investor.relations@infineon.com.
This publication constitutes neither a prospectus, nor an offer to sell nor
a solicitation of an offer to buy securities of Infineon, and it is not a
substitute for the prospectus. The offer of shares of Infineon in Germany
will be made solely by means of, and on the basis of, a securities
prospectus which is to be published. An investment decision regarding the
publicly offered securities of Infineon in Germany should only be made on
the basis of the securities prospectus. A securities prospectus which has
been approved by the German Federal Financial Supervisory Authority will be
published and will be available free of charge on Infineon's website
(www.infineon.com).
This press release includes forward-looking statements about the future of
our business, including statements relating to our financing plans and
developments regarding the planned rights offering. These forward-looking
statements are subject to a number of uncertainties, including market
conditions and general economic developments, as well as developments in
our own business and the other factors described in the 'Risk Factors'
section of the registration statement of Infineon on Form F-3 filed with
the U.S. Securities and Exchange Commission on July 16, 2009. As a result,
future developments could differ materially from those indicated in the
forward-looking statements. Infineon does not assume any obligation to
update or revise these forward-looking statements in light of future
developments.
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Information and Explaination of the Issuer to this News:
About Infineon
Infineon Technologies AG, Neubiberg, Germany, offers semiconductor and
system solutions addressing three central challenges to modern society:
energy efficiency, communications, and security. In the 2008 fiscal year
(ending September), the company reported sales of Euro 4.3 billion with
approximately 29,100 employees worldwide in continuing operations. With a
global presence, Infineon operates through its subsidiaries in the U.S.
from Milpitas, CA, in the Asia-Pacific region from Singapore, and in Japan
from Tokyo. Infineon is listed on the Frankfurt Stock Exchange (ticker
symbol: IFX) and in the USA on the over-the-counter market OTCQX
International (ticker symbol: IFNNY).
Further information is available at www.infineon.com.
This news release is available online at www.infineon.com/press/
Contact:
Investor Relations, Tel.: +49 89 234-26655, Fax: +49 89 234-9552987
DGAP 16.07.2009
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Language: English
Issuer: Infineon Technologies AG
Am Campeon 1-12
85579 Neubiberg
Deutschland
Phone: +49 (0)89 234-26655
Fax: +49 (0)89 234-955 2987
E-mail: investor.relations@infineon.com
Internet: www.infineon.com
ISIN: DE0006231004
WKN: 623100
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hannover, Stuttgart,
Hamburg; Terminbörse EUREX
End of News DGAP News-Service
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DGAP-Adhoc: Infineon Technologies AG: BaFin approves listing prospectus
| Source: EQS Group AG