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Home > Technology List > TDK publishes the definitive notice of the interim result

TDK publishes the definitive notice of the interim result

Update Time: 2019-12-20 13:50:47

TDK publishes the definitive notice of the interim result

Including the Micronas shares tendered into the offer, the participation of the Offeror and the persons acting in concert with the Offeror as at the end of the offer period on February 10, 201

6, 4.00 p.m. CET, is 25,603,380 Micronas shares in total, corresponding to 86.04 percent of the voting rights and the share capital of Micronas consisting of 29,757,930 shares (including the Micronas shares issued until February 10, 2016, 4.00 p.m. CET, out of the conditional capital upon exercise of options exercisable under the stock option plan) (participation rate), and consists of:

  • a total of 23,867,354 Micronas shares which were tendered into the offer until the expiration of the offer period, corresponding to 82.57 percent of the maximum 28,905,654 Micronas shares to which the offer relates (success rate); and
  • 1,736,026 Micronas shares which the Offeror and the persons acting in concert with the Offeror hold at the end of the offer period.

The additional acceptance period of 10 trading days for the subsequent acceptance of the offer will start on February 17, 2016 and is expected to run until March 1, 2016, 4.00 p.m. CET. Subject to the satisfaction of all conditions and a postponement of the settlement in accordance with Section B.7 (Conditions) of the offer prospectus, settlement of the offer is expected to take place on March 8, 2016.

In relation to condition (f), Heinrich W. Kreutzer and Lucas A. Grolimund have resigned from their functions on the board of directors of Micronas and Dr. Dieter Seipler and Stefanie Kahle-Galonske have signed a mandate agreement, in each case with effect as from the settlement of the offer. Upon settlement of the offer and for the period up to the upcoming ordinary Shareholders’ Meeting, Dr. Dieter Seipler will act as Chairman of the Board of Directors.

About Micronas
Micronas (SIX Swiss Exchange: MASN) the most preferred partner for sensing and control 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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