First Sensor AG

  • WKN: 720190
  • ISIN: DE0007201907
  • Land: Deutschland

Nachricht vom 24.09.2019 | 14:48

First Sensor AG: Final result: First Sensor shareholders tender 71.87 percent of shares into TE Connectivity's takeover offer

DGAP-News: First Sensor AG / Key word(s): Offer

24.09.2019 / 14:48
The issuer is solely responsible for the content of this announcement.


At the end of the additional acceptance period on September 19, 2019, shareholders of First Sensor AG have tendered a total of 7,380,905 shares into the voluntary public takeover offer of TE Connectivity Sensors Germany Holding AG (TE Holding). The final result corresponds to 71.87 percent of the total share capital and voting rights of First Sensor. TE Holding is a wholly-owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), one of the world's leading technology companies in the sensor and connection solutions sectors.

With the expiration of the additional acceptance period, no further shares can be tendered into the takeover offer. Completion of the offer still depends on foreign investment clearances in Germany and the United States. The acquisition is expected to be completed by mid-2020 at the latest. The Executive Board and the Supervisory Board of First Sensor AG welcome and support the takeover offer. "We are pleased that the majority of First Sensor shareholders agree with the assessment that the transaction is to the benefit of First Sensor, our shareholders, and employees. Together with TE, we want to continue our growth," says Dr. Dirk Rothweiler, CEO of First Sensor AG.

The offer, along with further information and documents relating to the transaction, can be found online at www.sensor-offer.com.

About First Sensor AG
Founded as a technology start-up in the early 1990s, today, First Sensor is a global player in sensor technology. Based on our know-how in chip design and production as well as microelectronic packaging, standard sensors and customer-specific sensor solutions are developed in the fields of photonics, pressure and advanced electronics for the ever-growing demand in key applications for the target markets of Industrial, Medical and Mobility. The strategy is aimed at profitable growth and focuses on key customers and products, forward integration and strengthening our international presence. First Sensor has been listed on the Frankfurt Stock Exchange since 1999 [Prime Standard Ι WKN: 720190 Ι ISIN DE0007201907 Ι SIS]. Further information: www.first-sensor.com.

About TE Connectivity
TE Connectivity Ltd. (TEL) is a $14 billion global technology and manufacturing leader creating a safer, sustainable, productive, and connected future. For more than 75 years, our connectivity and sensor solutions, proven in the harshest environments, have enabled advancements in transportation, industrial applications, medical technology, energy, data communications, and the home. With 80,000 employees, including more than 8,000 engineers, working alongside customers in approximately 140 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Twitter.

Disclaimer
This announcement does not represent any solicitation to purchase shares of First Sensor AG. Rather it is intended exclusively for information purposes with regard to possible future developments at the company.

All of the information herein has been prepared by First Sensor AG solely for use in this announcement. The information contained in this announcement has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained herein. The information contained in this announcement should be considered in the context of the circumstances prevailing at that time and has not been, and will not be, updated to reflect material developments which may occur after the date of the announcement. First Sensor AG may alter, modify or otherwise change in any manner the content of this announcement, without obligation to notify any person of such revision or changes.

This announcement may contain certain forward-looking statements and forecasts which relate to events and depend on circumstances that will occur in the future and which, by their nature, will have an impact on the First Sensor AG's business, financial condition and results of operations. The terms "anticipates", "assumes", "believes", "can", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "should", "projects", "will", "would" or, in each case, their negative, or other variations or comparable terminology are used to identify forward-looking statements. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied in a forward-looking statement or affect the extent to which a particular projection is realised. Factors that could cause these differences include, but are not limited to, implementation of the First Sensor AG's strategy and its ability to further grow, risks associated with the development and/or approval of the First Sensor AG's products, technology changes and new products in the First Sensor AG's potential market and industry, the ability to develop new products and enhance existing products, the impact of competition, changes in general economy and industry conditions and legislative, regulatory and political factors. While we always intend to express our best judgment when we make statements about what we believe will occur in the future, and although we base these statements on assumptions that we believe to be reasonable when made, these forward-looking statements are not a guarantee of our performance, and you should not place undue reliance on such statements. Forward-looking statements are subject to many risks, uncertainties and other variable circumstances. Such risks and uncertainties may cause the statements to be inaccurate and readers are cautioned not to place undue reliance on such statements. Many of these risks are outside of our control and could cause our actual results to differ materially from those we thought would occur. The forward-looking statements included in this announcement are made only as of the date hereof. We do not undertake, and specifically decline, any obligation to update any such statements or to publicly announce the results of any revisions to any of such statements to reflect future events or developments.

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24.09.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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