EQS-News: ams-OSRAM AG: ams OSRAM’s Extraordinary General Meeting approves all voting items incl. capital raise to secure a long-term stable financial base for structural growth
EQS-News: ams-OSRAM AG: ams OSRAM’s Extraordinary General Meeting approves all voting items incl. capital raise to secure a long-term stable financial base for structural growth
EQS-News: ams-OSRAM AG / Key word(s): AGM/EGM
ams-OSRAM AG: ams OSRAM’s Extraordinary General Meeting approves all
voting items incl. capital raise to secure a long-term stable financial
base for structural growth
20.10.2023 / 13:05 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Not for distribution or release, directly or indirectly, in or into the
United States, Australia, Canada or Japan or any other jurisdiction in
which such distribution or release would be unlawful
ams OSRAM’s Extraordinary General Meeting approves all voting items incl.
capital raise to secure a long-term stable financial base for structural
growth
Premstaetten, Austria and Munich, Germany (20 October 2023) — [1]ams
OSRAM (SIX: AMS), announces that in today’s Extraordinary General Meeting
(“EGM”) all voting items on the agenda were approved with majorities of
the votes cast ranging from 87.5% to 99.9%.
The EGM of ams OSRAM approved with a large majority and without any
contestation the proposed rights issue in the amount of EUR 800 million,
which is a centerpiece of the recently presented financing plan, covering
the expected financing needs until 2025/26. The respective rights issue is
expected to take place this fall/winter 2023/24, subject to market
conditions.
“We are very pleased that our shareholders trust in our recently announced
financing plan and the strategic direction we are taking. Approving the
capital raise, which is intended primarily for the reduction of debt, is
the centerpiece for creating a solid financial base on which we can
execute our revised strategy to create sustainable value,” said Aldo
Kamper, CEO of ams OSRAM.
Furthermore, also in accordance with the EGM agenda, Arunjai Mittal was
elected as a new member of the Supervisory Board. Arunjai has over 30
years of experience in the industry ([2]link to CV). He will further
strengthen the technology and industry expertise of the Supervisory Board.
Disclaimer
This announcement constitutes neither an offer to sell nor a solicitation
to buy securities. Any offer regarding any publicly offered securities of
ams-OSRAM AG (“ams-OSRAM AG” or the “Company,” and together with its
subsidiaries, the “Group”) in Austria will be made solely by means of, and
on the basis of, a securities prospectus (including any supplements
thereto, if any) to be approved by the Austrian Financial Market Authority
(Finanzmarktaufsichtsbehörde, the “FMA”) and to be published in accordance
with the Regulation (EU) 2017/1129 (the “Prospectus Regulation”) on the
website of the Company (www.ams-osram.com). An investment decision
regarding any publicly offered securities of ams-OSRAM AG should only be
made on the basis of a prospectus. Any orders relating to securities of
ams-OSRAM AG received prior to the commencement of a public offering will
be rejected. If a public offering is to be made in Austria, a securities
prospectus will be published promptly upon approval by FMA in accordance
with the Prospectus Regulation and will be available free of charge from
ams-OSRAM AG during usual business hours, or on the ams-OSRAM AG website.
This announcement is not a prospectus according to Articles 35 et seqq. of
the Swiss Financial Services Act (the “FinSA”) and as such does not
constitute an offer to sell nor a solicitation to buy securities of
ams-OSRAM AG or any other company. This announcement is made for
information purposes only and shall not constitute investment advice. Any
offer regarding any publicly offered securities of ams-OSRAM AG in
Switzerland will be solely made by means of, and on the basis of, a
prospectus (including any supplements thereto, if any) that is deemed
approved in Switzerland without additional approval procedure in
accordance with the FinSA, which will be made available free of charge
from ams-OSRAM AG and UBS AG during regular business hours, or on the
ams-OSRAM AG website prior to the public offering. An investment decision
regarding any publicly offered securities of ams-OSRAM AG should only be
made on the basis of the prospectus published for such purpose.
This announcement is not for distribution or release, directly or
indirectly, in or into the United States (including its territories and
possessions, any State of the United States and the District of Columbia),
Australia, Canada, Japan or any other jurisdiction in which such
distribution or release would be unlawful. This announcement does not
constitute or form a part of any offer or solicitation to purchase or
subscribe for securities in the United States, Australia, Canada or Japan,
or any other jurisdiction in which such offer or solicitation may be
unlawful. Any failure to comply with these restrictions may constitute a
violation of United States, Canadian, Australian, Japanese or other
applicable securities laws. The securities mentioned herein have not been,
and will not be, registered under the US Securities Act of 1933, as
amended (the “Securities Act”). The securities may not be offered or sold
in the United States, absent registration or an exemption from the
registration requirements of the Securities Act. There will be no public
offer of the securities in the United States.
This announcement is not a prospectus for the purposes of Prospectus
Regulation or Regulation (EU) 2017/1129 as it forms part of domestic law
in the United Kingdom by virtue of the European Union (Withdrawal) Act
2018 (the “UK Prospectus Regulation”) but an advertisement for the
purposes of the Prospectus Regulation and the UK Prospectus Regulation,
and as such does not constitute an offer to sell or the solicitation of an
offer to purchase securities of ams-OSRAM AG. Investors should not
subscribe for any securities referred to in this document except on the
basis of the information contained in any prospectus relating to the
securities, the former of which may be published by the Company in final
form on its website (www.ams-osram.com). Any such prospectus would include
a description of risk factors in relation to an investment in the Group.
You should conduct your own independent analysis of all relevant data
provided in any prospectus and you are advised to obtain independent
expert advice as to the legal, tax, accounting, financial, credit and
other related aspects before making any investment decision.
No representation, warranty or undertaking, express or implied, is made by
the Group, its shareholders, HSBC, Morgan Stanley or UBS (the “Banks”) or
any of the Group’s, its shareholders’ or the Bank’s respective affiliates
or any of its or their respective directors, officers, employees or agents
(the “Representatives”) or any other person as to, and no reliance should
be placed on, the fairness, accuracy, completeness or correctness of the
information set forth in this announcement or the opinions contained
therein or any other statement made or purported to be made in connection
with the Company or the Group, for any purpose whatsoever. No
responsibility, obligation or liability whatsoever, whether arising in
tort, contract or otherwise, is or will be accepted by the Group, the
Company, its shareholders or the Banks or any of their respective
Representatives or any other person for any loss, cost or damage howsoever
arising from any use of the information contained in this announcement, or
for information or opinions or for any errors, omissions or misstatements
contained therein or otherwise arising in connection therewith.
The information in this announcement is of an abbreviated nature and is
subject to updating, revision, amendment, verification, correction,
completion and change without notice. None of the Group, the Company, its
shareholders, the Banks or any of their respective Representatives or any
other person undertakes any obligation to provide the attendee or
recipient with access to any additional information or to update the
information in this announcement or to correct any inaccuracies in any
such information, including any financial data or forward-looking
statements. Such information should be considered in the context of the
circumstances prevailing at the time and has not been, and will not be,
updated to reflect material developments which may occur after the date
thereof. None of the Group, the Company, its shareholders, the Banks or
any of their respective Representatives have independently verified any of
the information in this announcement.
This announcement may contain statements about ams-OSRAM AG or the Group
that are or may constitute or include forward-looking statements.
Forward-looking statements are statements that are not historical facts
and may be identified by words such as “plans”, “targets”, “aims”,
“believes”, “expects”, “anticipates”, “intends”, “estimates”, “will”,
“may”, “continues”, “should” and similar expressions. These
forward-looking statements reflect, at the time made, the Group’s beliefs,
intentions and current targets/aims concerning, among other things, the
Company’s or the Group’s results of operations, financial condition,
liquidity, prospects, growth and strategies. Forward-looking statements
include statements regarding: objectives, goals, strategies, outlook and
growth prospects; future plans, events or performance and potential for
future growth; economic outlook and industry trends; developments of the
Company’s or the Group’s markets; and the strength of the Company’s or any
other member of the Group’s competitors. Forward-looking statements
involve risks and uncertainties because they relate to events and depend
on circumstances that may or may not occur in the future. The
forward-looking statements in this announcement are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, management’s examination of historical
operating trends, data contained in the Group’s records and other data
available from third parties. Although the Group believes that these
assumptions were reasonable when made, these assumptions are inherently
subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Forward-looking
statements are not guarantees of future performance and such risks,
uncertainties, contingencies and other important factors could cause the
actual outcomes and the results of operations, financial condition and
liquidity of the Company and other members of the Group or the industry to
differ materially from those results expressed or implied in this
announcement by such forward-looking statements. No assurances can be
given that the forward-looking statements will be realized. The
forward-looking statements speak only as of the date of this announcement.
The Group expressly disclaims any obligation or undertaking to release any
updates or revisions to any forward-looking statements to reflect any
change in the Group’s expectations with regard thereto or any changes in
events, conditions or circumstances on which any forward-looking
statements are based. No representation or warranty is made that any of
these forward-looking statements or forecasts will come to pass or that
any forecast result will be achieved. Undue influence should not be given
to, and no reliance should be placed on, any forward-looking statement.
The Banks are acting only for the Company and no one else, will not regard
any person (whether or not a recipient of this announcement) other than
the Company as a client, and will not be responsible to anyone other than
the Company for providing the protections afforded to their respective
clients, and will not be responsible for providing advice to anyone in
relation to the transactions described herein, or other matter or
arrangement referred to in this document.
###
About ams OSRAM
The ams OSRAM Group (SIX: AMS) is a global leader in intelligent sensors
and emitters. By adding intelligence to light and passion to innovation,
we enrich people’s lives.
With over 110 years of combined history, our core is defined by
imagination, deep engineering expertise and the ability to provide global
industrial capacity in sensor and light technologies. We create exciting
innovations that enable our customers in the automotive, industrial,
medical and consumer markets maintain their competitive edge and drive
innovation that meaningfully improves the quality of life in terms of
health, safety and convenience, while reducing impact on the environment.
Our around 21,000 employees worldwide focus on innovation across sensing,
illumination and visualization to make journeys safer, medical diagnosis
more accurate and daily moments in communication a richer experience. Our
work creates technology for breakthrough applications, which is reflected
in over 15,000 patents granted and applied. Headquartered in
Premstaetten/Graz (Austria) with a co-headquarters in Munich (Germany),
the group achieved over EUR 4.8 billion revenues in 2022 and is listed as
ams-OSRAM AG on the SIX Swiss Exchange (ISIN: AT0000A18XM4).
Find out more about us on [3] https://ams-osram.com
ams is a registered trademark of ams-OSRAM AG. In addition many of our
products and services are registered or filed trademarks of ams OSRAM
Group. All other company or product names mentioned herein may be
trademarks or registered trademarks of their respective owners.
Join ams OSRAM social media channels: [4]>Twitter [5]>LinkedIn
[6]>Facebook [7]>YouTube
For further information
Investor Relations Media Relations
ams-OSRAM AG ams-OSRAM AG
Dr Juergen Rebel Bernd Hops
Senior Vice President Senior Vice President
Investor Relation Corporate Communications
T: +43 3136 500-0 T: +43 3136 500-0
[8]investor@ams-osram.com [9]press@ams-osram.com
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20.10.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: ams-OSRAM AG
Tobelbader Straße 30
8141 Premstaetten
Austria
Phone: +43 3136 500-0
E-mail: investor@ams-osram.com
Internet: https://ams-osram.com/
ISIN: AT0000A18XM4
WKN: A118Z8
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; BX, SIX, Vienna Stock
Exchange (Vienna MTF)
EQS News ID: 1754095
End of News EQS News Service
1754095 20.10.2023 CET/CEST
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