SOITEC : Results of the Extraordinary General Meeting on April 29, 2016
29 April 2016 - 6:30PM
Results of the Extraordinary General
Meeting on April 29, 2016
Approval by the
General Meeting of Shareholders
of the final two resolutions enabling
Soitec's proposed capital increases to go ahead
Bernin, France,
April 29, 2016 - The Board of Directors of Soitec (Euronext
Paris), a world leader in manufacturing revolutionary semiconductor
materials, is announcing that the Extraordinary General Meeting of
the Company's shareholders held today on second call and chaired by
Paul Boudre approved both resolutions on the agenda by a very large
majority. These were the only two resolutions that the Combined
General Meeting of April 11, 2016 was unable to vote on because the
quorum requirement was not met.
The Group reiterates that all the
resolutions that could be put to a vote were adopted at the
Combined General Meeting that met on first call on April 11, 2016.
Given the votes in favor expressed at the Extraordinary General
Meeting held on second call on April 29, 2016, all the resolutions
required for the Company's proposed capital increases[1] totaling
between €130 million and €180 million announced on
February 10, 2016 to go ahead have now been adopted.
The General Meeting of the
Shareholders approved the whole proposed recapitalization project
of Soitec and also the delegations of powers to the Board of
Directors to carry out each of the three capital increases reserved
respectively for Bpifrance Participations, CEA Investissement and
NSIG Sunrise[2] (in a total
amount of around €76.5 million) and the subsequent launch of a
rights issue (in an amount of between €53.5 million and
€103.5 million).
About
Soitec
Soitec (Euronext, Paris) is a
world leader in manufacturing innovative semiconductor materials.
The company uses its unique technologies to serve the electronics
market. With 3,600 patents worldwide, Soitec's strategy is based on
disruptive innovation to respond to its customers' needs for high
performance, energy efficiency and cost competitiveness. Soitec has
manufacturing facilities, R&D centers and offices in Europe, US
and Asia. For more information, please visit www.soitec.com.
For all
information, please contact:
Investor relations
Steve Babureck
+33 (0)6 16 38 56 27 or +1 858 519 6230
steve.babureck@soitec.com
Individual Shareholder Relations
08 05 10 99 39
investors@soitec.com |
Media
Marylen Schmidt
+33 (0)6 21 13 66 72
marylen.schmidt@soitec.com
Fabrice Baron
+33 (0)1 53 32 61 27
fabrice.baron@ddbfinancial.fr
Isabelle Laurent
+33 (0)1 53 32 61 51
isabelle.laurent@ddbfinancial.fr |
[1]
For further details, please refer to the press
release published by the Company on February 10, 2016 and all the
information concerning the capital increases available on the
website at www.soitec.com.
[2]
A wholly-owned subsidiary of National Silicon Industry
Group (NSIG)
Soitec press release in
PDF
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: SOITEC via Globenewswire
HUG#2008645
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