AT&S decides to issue a subordinated bond (hybrid bond)

Public disclosure of inside information according to article 17 MAR

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Leoben, 09:57 am – Management Board of AT & S Austria Technologie & Systemtechnik Aktiengesellschaft has decided – based on today’s approval from the Supervisory Board and depending on market conditions – to issue a deeply subordinated bond with an indefinite term and an early redemption option by the issuer after five years (hybrid bond). HSBC Bank plc was mandated as sole structuring advisor and sole bookrunner.

AT&S targets an issue amount of at least a high, double-digit million volume (sub-benchmark size). The issue will be directed exclusively to institutional investors with a minimum subscription of EUR 100,000; a retail offer will not take place. The total issue amount will only be determined after an investor roadshow. Details of such an issue like nominal volume, issue price and coupon will be determined based on the respective applicable market conditions within a book-building procedure.

The issue is expected to be closed still in November 2017. The proceeds of the issue should support the strategic investment program as the basis for the planned, long-term profitable growth. Furthermore, the potential proceeds are intended to strengthen AT&S’s capital structure and to optimize the balance sheet structure via an IFRS equity instrument. Furthermore, AT&S targets to diversify the current investor base.

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This announcement does not constitute or form part of any prospectus or offering document or solicitation or invitation of any offer to exchange for or to buy any securities; neither does it constitute a financial analysis or advice or recommendation regarding any financial instruments.

In line with foreign securities laws, particularly the US Securities Act of 1933, as amended (“Securities Act”), securities have not been registered and will not be registered with foreign securities authorities and in particular may not be offered or sold in the United States of America (“USA”) without registration or an exemption from the registration requirements of the Securities Act. This announcement may not be disseminated in and/or within the USA, Australia, Canada or Japan or any other jurisdiction in which the distribution or dissemination may be unlawful and may not be distributed or forwarded to publications that are widely available in the USA. There will be no public offer of securities in the USA.