SIX Swiss Exchange has approved Micronas’ request to delist its registered shares (securities identification no. 1 233 742) upon completion of the intended merger with the Swiss subsidiary of TDK Corporation.
Zurich, October 14, 2016 – The decision of SIX Exchange Regulation dated October 13, 2016 is conditional upon the approval of the merger of Micronas Semiconductor Holding AG with and into TDK Magnetic Field Sensor Switzerland AG by the extraordinary Shareholders’ Meeting of Micronas on October 20, 2016 and the registration of the merger with the Commercial Register. The delisting is likely to take place on October 25, 2016. The last trading day for the shares of Micronas is expected to be on October 24, 2016. However, trading in Micronas’ shares is foreseen to be suspended following the registration of the merger with the Commercial Register, expected to occur on October 20, 2016.
Micronas, a TDK group company, is the most preferred partner for sensing and control. Micronas serves all major automotive electronics customers worldwide, many of them in long-term partnerships for lasting success. While the holding company is headquartered in Zurich (Switzerland), operational headquarters are based in Freiburg (Germany). Currently, the Micronas Group employs around 900 persons.
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This press release contains forward-looking statements, such as projections, forecasts and estimates. Such forward-looking statements are dependent on certain risks and uncertainties which may cause actual results, performance or events to differ materially from those anticipated in this press release. The forward-looking statements contained in this press release are based on Micronas' views and assumptions as of this date and Micronas does not assume any obligation to update or revise this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
This press release does not constitute or form part of an offer to purchase or sell or the solicitation of an offer to purchase or sell any securities in Switzerland, the United States, Japan or any other jurisdiction, nor shall there be any sale or purchase of securities in any jurisdiction in which such offer, solicitation, sale or purchase would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offering prospectus as referred to in article 652a of the Swiss Code of Obligations, nor is it an offer of securities for sale into the United States. No offering of securities shall be made in the United States except pursuant to registration under the US Securities Act of 1933, or an exemption therefrom.