Micronas Semiconductor Holding AG
Micronas Semiconductor english
Micronas aims to create authorized capital for further growth
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Micronas aims to create authorized capital for further growth
The Micronas Group plans to create authorized share capital with a par value of
up to CHF 8.1 million. This step will enable a capital increase to be carried
out in the next two years. The aim is to increase the Group’s strategic
flexibility. An Extraordinary Shareholders’ Meeting is being called for
20 November 2003.
“Over the years the Micronas Group has developed in a very positive way and is
currently enjoying buoyant demand in its end-markets. To sustain our market
success in the long term, we have to grow. That is why, in the interests of our
shareholders, we aim to give ourselves the means of taking timely action to
seize investment opportunities in the semiconductor industry,” argued Board
Chairman, Dr Franz Betschon, at a media conference in Zurich today.
end of ad-hoc-announcement (c)DGAP 30.10.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
The Board of Directors of Micronas is proposing to the Extraordinary
Shareholders’ Meeting, called for 20 November 2003, to create an authorized
share capital of up to CHF 8.1 million through the issue of a maximum of
8,100,000 fully paid-up registered shares with a par value of CHF 1.- each.
This will enable the Board of Directors to issue these shares at some point in
the next two years when it considers the market conditions to be favourable.
To achieve sustained market success in the long term, it is crucial that
Micronas continuously extend its know-how base and the spectrum of available
technologies in promising market segments. In addition to organic growth, it is
vital to this ambition that the Group be in a position to take advantage of
acquisition opportunities. Micronas has long been evaluating potential targets,
above all in markets outside Europe. However, there are no ongoing negotiations
relating to specific objects.
To increase the Group’s strategic flexibility and bring the balance sheet
structure into line with that of its major competitors, Micronas is also
considering stocking up its liquid resources and early repayment of bank loans.
About Micronas
The Micronas Group is a leading independent supplier of innovative application-
specific semiconductor solutions for multimedia, consumer and automotive
electronics. Its shares are listed on the SWX Swiss Exchange and on the Prime
Standard segment (TecDax) in Frankfurt.
Zurich, 30 October 2003 Micronas Semiconductor Holding AG
For further information please contact:
Susy Krucker
Investor Relations
phone: +41 1 445 39 60
e-mail: investor@micronas.com
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WKN: 910 354 ; ISIN: CH0012337421; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart; Zürich
300659 Okt 03
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