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AMS AG / ams announces exclusion of subscription rights in relation to potential convertible bond placement

Published: September 6, 2017; 18:07 · (FriedlNews)

AMS announces that its Management Board has resolved today, subject to the consent of the Supervisory Board, to exclude subscription rights in view of a potential private placement of senior unsecured convertible bonds (the "Bonds").The Bonds in an aggregate nominal amount of up to US$ 350 million and with a five year maturity shall be convertible into new ordinary no par value bearer shares from the Company's conditional capital equal to up to 4.1% of the current issued and outstanding share capital.

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Financing
06.09.2017

Premstaetten - Premstaetten, Austria (6 September 2017) - ams AG (SIX: AMS), a
leading worldwide supplier of high-performance sensor solutions, announces that
its Management Board has resolved today, subject to the consent of the
Supervisory Board, to exclude subscription rights in view of a potential
private placement of senior unsecured convertible bonds (the "Bonds"). The
Bonds in an aggregate nominal amount of up to US$ 350 million and with a five
year maturity shall be convertible into new ordinary no par value bearer shares
from the Company's conditional capital equal to up to 4.1% of the current
issued and outstanding share capital. The timing and terms of the Bond
placement, if any, will be determined subject to market conditions. The report
by the Management Board on the exclusion of the subscription rights, as
required by Austrian law, will be published in the Vienna Gazette (Amtsblatt
der Wiener Zeitung) on or about 8 September 2017.

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This press release includes forward-looking statements. All statements other
than statements of historical facts contained in this press release, including
statements regarding future results of operations and financial position, the
business strategy, and plans and objectives for future operations, are forward-
looking statements. The words "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect" and similar expressions are intended to
identify forward-looking statements. ams AG has based these forward-looking
statements largely on current expectations and projections about future events
and financial trends that it believes may affect the financial condition,
results of operations, business strategy, short-term and long-term business
operations and objectives, and financial needs. These forward-looking
statements are subject to a number of risks, uncertainties and assumptions. In
light of these risks, uncertainties and assumptions, the forward-looking events
and circumstances described may not occur and actual results could differ
materially and adversely from those anticipated or implied in the
forward-looking statements. All forward-looking statements are based only on
data available to ams AG at the time of the issue of this press release. ams AG
does not undertake any obligation to update any forward-looking statements
contained in this press release as a result of new information, future events
or otherwise.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH
OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. THIS PRESS RELEASE IS
FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITIES. IN PARTICULAR, THIS PRESS
RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND MUST NOT BE
DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION
IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER OF
SECURITIES OF AMS AG OR ANY OF ITS SUBSIDIARIES FOR SALE IN THE UNITED STATES,
OR AN INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES OF AMS AG OR ITS
SUBSIDIARIES IN THE UNITED STATES. IN ADDITION, THE SECURITIES OF AMS AG AND
ITS SUBSIDIARIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES
LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO
U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.

Further inquiry note:
Moritz M. Gmeiner
Vice President Investor Relations
Tel: +43 3136 500-31211
Fax: +43 3136 500-931211
Email: investor@ams.com

end of announcement euro adhoc
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issuer: ams AG Tobelbader Strasse 30 A-8141 Premstaetten
phone: +43 3136 500-0
FAX: +43 3136 500-931211
mail: investor@ams.com
WWW: www.ams.com
ISIN: AT0000A18XM4
stockmarkets: SIX Swiss Exchange
language: English

Digital press kit: http://www.ots.at/pressemappe/2901/aom

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