AMS, a leading worldwide supplier of high-performance sensor and analog solutions, announced the completion of the transaction to acquire 100% of the shares in Heptagon and the related capital increase of 11,011,281 new shares from authorized capital excluding subscription rights. AMS announced on October 24, 2016 that the company had signed an agreement to acquire Heptagon, the worldwide leader in high performance optical packaging and micro-optics.
The upfront consideration for the transaction includes approximately $64 million in cash, 5,450,586 ams shares from currently held treasury shares as well as 11,011,281 new shares from authorized capital. The capital increase creating the 11,011,281 new shares from authorized capital was registered with the commercial register today and the shares are admitted to trading on the SIX Swiss Exchange from January 25, 2017, onwards. The total number of shares outstanding of ams AG will therefore be 84,419,826 no par value bearer shares with a calculated nominal value of EUR 1.00 per share.
Following the registration, the selling shareholders of Heptagon hold approximately 19.5% of the total registered share capital of AMS. They are subject to a market standard, staggered lock-up obligation ending in Q2 2018.