Public tender offer

Public tender offer

Öffentliches Kaufangebot für alle sich im Publikum befindenden Namenaktien mit einem Nennwert von je CHF 0.05 von Micronas Semiconductor Holding AG, Zürich, Schweiz


Offre publique d'acquisition sur toutes les actions nominatives d'une valeur nominale de CHF 0.05 chacune en mains du public de Micronas Semiconductor Holding AG, Zurich, Suisse
 

Public tender offer for all publicly held registered shares with a nominal value of CHF 0.05 each of Micronas Semiconductor Holding AG, Zurich, Switzerland
 

Angebotsrestriktionen | Restrictions à l'Offre | Offer Restrictions


Allgemein | Généralités | In General
Das in den auf dieser Website verfügbar gemachten Dokumenten beschriebene öffentliche Kaufangebot (das Angebot) wird weder direkt noch indirekt in einem Land oder einer Rechtsordnung unterbreitet, in welchem/welcher ein solches Angebot widerrechtlich wäre, oder in welchem/welcher es in anderer Weise anwendbares Recht verletzen würde, oder in welchem/welcher TDK Corporation oder einer ihrer direkten oder indirekten Tochtergesellschaften verpflichtet wäre, irgendeine Änderung oder Anpassung der Bestimmungen oder Bedingungen des Angebots, ein zusätzliches Gesuch an staatliche oder regulatorische Behörden oder zusätzliche Handlungen in Bezug auf das Angebot vorzunehmen. Es ist nicht beabsichtigt, das Angebot auf ein solches Land oder eine solche Rechtsordnung zu erstrecken. Dokumente, die im Zusammenhang mit dem Angebot stehen, dürfen weder in solchen Ländern oder Rechtsordnungen vertrieben, noch in solche Länder oder Rechtsordnungen versandt werden und dürfen von niemandem zur Werbung für Käufe von Beteiligungsrechten an Micronas Semiconductor Holding AG, Zürich, Schweiz, in solchen Ländern oder Rechtsordnungen verwendet werden.

L'Offre décrite dans les documents disponible sur ce site web (l'Offre) n'est faite ni directement ni indirectement dans aucun Etat ou une juridiction dans lequel|laquelle une telle Offre serait illicite ou enfreindrait de toute autre manière les lois ou réglementations en vigueur ou qui exigerait de la part de TDK Corporation ou l'une de ses filiales directes ou indirectes un changement ou une modification des termes ou des conditions de l'Offre de quelque manière que ce soit, la formulation d'une demande en lien avec l'Offre auprès d'une quelconque autorité gouvernementale ou régulatrice, ou des démarches supplémentaires en lien avec l'Offre. Il n'est pas prévu d'étendre l'Offre à de tels Etats ou juridictions. Les documents relatifs à l'Offre ne doivent être ni distribués ni envoyés dans de tels Etats ou juridictions. De tels documents ne doivent pas non plus être utilisés pour solliciter l'acquisition de titres de participation de Micronas Semiconductor Holding AG, Zurich, Suisse, par toute personne ou entité domiciliée ou ayant son siège dans de tels Etats ou juridictions.

The public tender offer described in the documents available on this website (the Offer) will not be made, directly or indirectly, in any country or jurisdiction in which such Offer would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require TDK Corporation, Japan, or any of its affiliates to change or amend the terms or conditions of the Offer in any manner, to make any additional filing with any governmental or regulatory authority or take any additional action in relation to the Offer. It is not intended to extend the Offer to any such country or jurisdiction. Documents relating to the Offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction. Any such documents must not be used for the purpose of soliciting the purchase of any securities of Micronas Semiconductor Holding AG, Zurich, Switzerland, by any person or entity resident or incorporated in any such country or jurisdiction.

Notice to U.S. Holders
The Offer described in the documents available on this website is being made for the registered shares of Micronas Semiconductor Holding AG, Zurich, Switzerland, a Swiss company whose shares are listed on the SIX Swiss Exchange (SIX), and is subject to Swiss disclosure and procedural requirements, which are different from those of the United States (U.S.). The Offer is being made in the U.S. pursuant to Section 14(e) of, and Regulation 14E under, the U.S. Securities Exchange Act of 1934, as amended (the U.S. Exchange Act), subject to the exemptions provided by Rule 14d-1(d) under the U.S. Exchange Act, and otherwise in accordance with the requirements of Swiss law. Accordingly, the Offer is subject to disclosure and other procedural requirements, including with respect to withdrawal rights, settlement procedures and timing of payments that are different from those applicable under U.S. domestic tender offer procedures and laws. U.S. holders of registered shares of Micronas Semiconductor Holding AG (Micronas Shares) are encouraged to consult with their own Swiss advisors regarding the Offer.

According to the laws of Switzerland, Micronas Shares tendered into the Offer may generally not be withdrawn after they are tendered except under certain circumstances, in particular in case a competing offer for the Micronas Shares is launched.

In accordance with the laws of Switzerland and subject to applicable regulatory requirements, TDK Corporation and its subsidiaries or their nominees or brokers (acting as agents for TDK Corporation or any of its subsidiaries) may from time to time after the date hereof, and other than pursuant to the Offer, directly or indirectly purchase, or arrange to purchase, Micronas Shares or any securities that are convertible into, exchangeable for or exercisable for Micronas Shares. These purchases, or arrangements to purchase, may occur either in the open market at prevailing prices or in private transactions at negotiated prices and shall comply with applicable laws and regulations in Switzerland and applicable U.S. securities laws. Any such purchases will not be made at prices higher than the offer price or on terms more favorable than those offered pursuant to the Offer unless the offer price is increased accordingly. Any information about such purchases or arrangements to purchase will be publicly disclosed in the U.S. on this website to the extent that such information is made public in accordance with the applicable laws and regulations of Switzerland. In addition, the financial advisors to TDK Corporation and Micronas Semiconductor Holding AG may also engage in ordinary course trading activities in securities of Micronas Semiconductor Holding AG, which may include purchases or arrangements to purchase such securities.

It may be difficult for U.S. holders to enforce their rights and any claim arising out of U.S. securities laws, since each of TDK Corporation, the offeror and Micronas Semiconductor Holding AG is located in a non-U.S. jurisdiction, and some or all of their officers and directors may be residents of a non-U.S. jurisdiction. U.S. holders may not be able to sue a non-U.S. company or its officers or directors in a U.S. or non-U.S. court for violations of the U.S. securities laws. Further, it may be difficult to compel a non-U.S. company and its affiliates to subject themselves to a U.S. court's judgment.

The receipt of cash pursuant to the Offer by a U.S. holder of Micronas Shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local laws, as well as foreign and other tax laws. Each shareholder of Micronas Semiconductor Holding AG is urged to consult his or her independent professional advisor immediately regarding the tax consequences of an acceptance of the Offer.

Neither the U.S. Securities and Exchange Commission nor any securities commission of any State of the U.S. has (a) approved or disapproved of the Offer; (b) passed upon the merits or fairness of the Offer; or (c) passed upon the adequacy or accuracy of the disclosure in the Offer documents. Any representation to the contrary is a criminal offence in the U.S.

American Depositary Shares and American Depositary Receipts
The offeror is aware that there is an “unsponsored” American Depositary Receipt Program concerning Micronas Shares. The Offer is not being made for American Depositary Shares representing Micronas Shares (ADSs), nor for American Depositary Receipts evidencing such ADSs (ADRs). However, the Offer is being made for the Micronas Shares that are represented by the ADSs. Holders of ADSs and ADRs are encouraged to consult with the depositary regarding the tender of Micronas Shares that are represented by ADSs. The offeror is unaware of whether the depositary will make arrangements to tender the underlying Micronas Shares into the Offer on behalf of holders of ADSs or ADRs. Holders of ADSs may present their ADSs to the depositary for cancellation and (upon compliance with the terms of the deposit agreements relating to the “unsponsored” American Depositary Receipt Program concerning Micronas Shares, including payment of the depositary’s fees and any applicable transfer fees, taxes and governmental charges) delivery of Micronas Shares to them, in order to become shareholders of Micronas Semiconductor Holding AG. The Offer may then be accepted in accordance with its terms for the Micronas Shares delivered to holders of ADSs upon such cancellation. Holders of ADSs should be aware, however, that in order to tender in this manner, they may need to have an account in Switzerland into which the Micronas Shares can be delivered.

United Kingdom
The communication about the Offer is directed only at persons in the United Kingdom (U.K.) who (i) have professional experience in matters relating to investments, (ii) are persons falling within article 49(2)(a) to (d) («high net worth companies, unincorporated associations, etc.») of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as «relevant persons»). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.

Australia and Japan
The Offer is not being addressed to shareholders of Micronas Semiconductor Holding AG whose place of residence, seat or habitual abode is in Australia or Japan, and such shareholders may not accept the Offer.

Confirmation
By clicking on the "I confirm and agree" button below, you confirm and agree to each of the following:

  • that you have read and understood and that you are not subject to any of the Offer restrictions set forth above, that the communication about the Offer may lawfully be directed at and the Offer lawfully addressed to you;
  • that you are not located or resident in any jurisdiction where extension of the Offer would trigger a requirement for TDK Corporation or any of its affiliates or any other person to file or register an offer prospectus or any other document, or to take any other or additional action in relation to the Offer, in or by virtue of the laws of such jurisdiction;
  • that you will not copy or forward to any person any of the documents available on this website; and
  • that you understand, acknowledge and agree that failure to comply with the foregoing could result in a violation of applicable laws and|or damages to TDK Corporation, its affiliates and other persons.