DIALOG SEMICONDUCTOR Plc.

  • WKN: 927200
  • ISIN: GB0059822006
  • Land: United Kingdom

Nachricht vom 16.08.2021 | 12:22

Recommended Cash Acquisition of Dialog Semiconductor Plc by Renesas Electronics Corporation - Update on Conditions and Timetable

Dialog Semiconductor Plc. / Key word(s): Takeover
Recommended Cash Acquisition of Dialog Semiconductor Plc by Renesas Electronics Corporation - Update on Conditions and Timetable

16-Aug-2021 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


DISCLOSURE OF INSIDE INFORMATION PURSUANT TO ART. 17 OF THE EU MARKET ABUSE REGULATION (EU 596/2014, MAR)

London, 16 August 2021 - Dialog Semiconductor Plc ("Dialog" or the "Company") is pleased to announce that, as of today, the Taiwan Fair Trade Commission has waived its jurisdiction to review the recommended cash acquisition by Renesas Electronics Corporation of the entire issued and to be issued share capital of Dialog (the "Acquisition").

Accordingly, and following prior receipt of applicable anti-trust and/or foreign investment clearances, no further anti-trust and/or foreign investment clearances are expected to be required in order for the Acquisition to complete.

The Acquisition will be implemented by means of a scheme of arrangement under Part 26 of the Companies Act (the "Scheme"), which was contained in a document published on 8 March 2021 (the "Scheme Document").

The Scheme remains subject to the satisfaction or (if capable of waiver) waiver of certain remaining conditions set out in the Scheme Document, including the Court's sanction of the Scheme at the Court Sanction Hearing and the delivery of the Court Order to the Registrar of Companies. It is expected that the Scheme will become effective in accordance with its terms after 6.30 p.m. on 30 August 2021.

The current expected timetable of principal events for the implementation of the Scheme is set out below.

Event Time and/or date
Court Sanction Hearing 27 August 2021
Last day for dealings in, and for registration of transfers of, Dialog Shares 30 August 2021
Scheme Record Time 6.30 p.m. on 30 August 2021
Effective Date after 6.30 p.m. on 30 August 2021
Suspension of trading in Dialog Shares on the Frankfurt Stock Exchange ("FSE") prior to commencement of trading hours on the FSE on 31 August 2021
Termination of trading in Dialog Shares on the FSE after the end of trading hours on the FSE on 31 August 2021
Cancellation of listing of Dialog Shares on the FSE in due course after termination of trading in Dialog Shares
Record date for payments in respect of Clearstream Interests 6.00 p.m. (Frankfurt time) on 2 September 2021
Latest date for despatch of electronic payments through Clearstream (and, if relevant, cheques) for cash consideration due under the Scheme Not later than 13 September 2021
Long Stop Date 21 January 2022
 

The dates and times given are indicative only and are based on current expectations and are subject to change. References to times are to London, United Kingdom time unless otherwise stated. If any of the times and/or dates above change, the revised times and/or dates will be announced by the Company.

Further details will be announced by the Company as soon as practicable and will be made available in due course on Dialog's website at https://www.dialog-semiconductor.com/acquisition-microsite.




Contact:
Jose Cano
Director, Investor Relations
jose.cano@diasemi.com
+44(0)1793756961

Information and Explanation of the Issuer to this News:

Contact:

Dialog Semiconductor Plc

Investor Relations

Mark Tyndall

phone: +49 (0) 1727 226 409

e-mail: mark.tyndall@diasemi.com

Jose Cano

phone: +44 (0) 1793 756 961

e-mail: jose.cano@diasemi.com


16-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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