X-FAB Silicon Foundries SE : Changes to the shareholding structure
14 Novembre 2023 - 7:00PM
Business Wire
Regulatory News:
X-FAB Silicon Foundries SE (Euronext Paris: XFAB)
Regulated Information
Intermediate declaration by the Board of Directors
Publication of inside information pursuant to Article 17 of the
Market Abuse Regulation
X-FAB Silicon Foundries SE (Euronext Paris: XFAB) (X-FAB or
the Company) announces that the families De Winter-Chombar and
Duchâtelet have made changes to their shareholding structure
regarding X‑FAB Silicon Foundries SE.
X-FAB was informed today by Xtrion NV (0878.389.438), Elex NV
(0421.226.161) and Sensinnovat BV (0884.338.607) that Xtrion sold
all the shares it held in X-FAB to Elex and Sensinnovat, its
indirect shareholders. Xtrion sold 31,666,782 shares to Elex and
31,666,781 shares to Sensinnovat. Elex is the investment vehicle
and holding company of the Duchâtelet family. Sensinnovat is the
investment vehicle and holding company of the De Winter-Chombar
family. The X-FAB shares were sold at a price per share of EUR
8.9581, which corresponds to the average closing price of X-FAB
shares on Euronext Paris over the last 30 days prior to November
14, 2023. Xtrion and Sarawak Technology Holdings Sdn. Bhd. further
informed the Company that they have terminated their shareholder
agreement in common understanding.
With this transaction, both families and their respective
affiliated legal entities intend to rearrange their
group/investment structure which will allow them, with a view to
the next generation, to pursue individual and independent
investment strategies, each through their own holding company (i.e.
Elex and Sensinnovat).
As a result of this restructuring, the joint control over the
Company by Mr. Roland Duchâtelet, Mr. Rudi De Winter, Ms. Françoise
Chombar and Sarawak Technology Holdings Sdn. Bhd. has transitioned
into an absence of control and absence of acting in concert.
The De Winter-Chombar and Duchâtelet families confirmed that
this does not mean that, at present, they would differ on X-FAB's
strategy and priorities. Their commitment to the Company remains
unchanged. Furthermore, they indicated that they have no plans to
sell or reduce their shareholdings. Mr. Roland Duchâtelet and Mr.
Rudi De Winter also confirmed their willingness to stay on as
(permanent representative of a) director of X-FAB.
X-FAB confirms that the change of control does not have any
significant legal impact on it nor on its existing contractual
relations.
About X-FAB
X-FAB is the leading analog/mixed-signal and MEMS foundry group
manufacturing silicon wafers for automotive, industrial, consumer,
medical and other applications. Its customers worldwide benefit
from the highest quality standards, manufacturing excellence and
innovative solutions by using X-FAB’s modular CMOS processes in
geometries ranging from 1.0 to 0.13 µm, and its special silicon
carbide and MEMS long-lifetime processes. X-FAB’s analog-digital
integrated circuits (mixed-signal ICs), sensors and
micro-electro-mechanical systems (MEMS) are manufactured at six
production facilities in Germany, France, Malaysia and the U.S.
X-FAB employs approx. 4,200 people worldwide. For more information,
please visit www.xfab.com.
Forward-looking information
This press release may include forward-looking statements.
Forward-looking statements are statements regarding or based upon
our management’s current intentions, beliefs or expectations
relating to, among other things, X-FAB’s future results of
operations, financial condition, liquidity, prospects, growth,
strategies or developments in the industry in which we operate. By
their nature, forward-looking statements are subject to risks,
uncertainties and assumptions that could cause actual results or
future events to differ materially from those expressed or implied
thereby. These risks, uncertainties and assumptions could adversely
affect the outcome and financial effects of the plans and events
described herein.
Forward-looking statements contained in this press release
regarding trends or current activities should not be taken as a
report that such trends or activities will continue in the future.
We undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, unless legally required. You should not place undue
reliance on any such forward-looking statements, which speak only
as of the date of this press release.
The information contained in this press release is subject to
change without notice. No re-report or warranty, express or
implied, is made as to the fairness, accuracy, reasonableness, or
completeness of the information contained herein and no reliance
should be placed on it.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114944502/en/
X-FAB Press Contact Uta Steinbrecher Investor Relations
X-FAB Silicon Foundries +49-361-427-6489
uta.steinbrecher@xfab.com
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