Recommended Cash Acquisition of Dialog Semiconductor Plc by Renesas Electronics Corporation - Update on Conditions and Timetable
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DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Takeover 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.
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. |
| Language: | English |
| Company: | Dialog Semiconductor Plc. |
| Tower Bridge House, St. Katharine's Way | |
| E1W 1AA London | |
| United Kingdom | |
| Phone: | +49 7021 805-412 |
| Fax: | +49 7021 805-200 |
| E-mail: | jose.cano@diasemi.com |
| Internet: | www.dialog-semiconductor.com |
| ISIN: | GB0059822006 |
| WKN: | 927200 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London |
| EQS News ID: | 1226701 |
| End of Announcement | DGAP News Service |
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1226701 16-Aug-2021 CET/CEST
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