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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Ams AG    AMS   AT0000A18XM4

AMS AG

(AMS)
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Real-time Estimate Quote. Real-time Estimate CHI-X - 05/29 11:30:00 am
14.125 CHF   -6.98%
05/26AMS : Deutsche Bank gives a Buy rating
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05/14AMS : Credit Suisse reiterates its Buy rating
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05/13Travel and auto stocks lead Europe lower amid virus fears
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Ams : Rights Issue Exercise Period Completed

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03/31/2020 | 12:20pm EDT

By Mauro Orru

Ams AG said Tuesday that the exercise period for its rights issue reached completion on March 30, with a 62% take-up of the offered shares.

The Austrian sensor maker, which is listed in Switzerland, said subscription rights for 117,451,512 new shares were exercised by March 30, representing 62% of the total 189,869,454 shares offered to existing shareholders at a price of CHF9.20 ($9.61) a share.

The announcement comes nearly two months after an extraordinary general meeting backed the rights issue through which Ams will receive gross proceeds of about CHF1.75 billion through which it will partially refinance the acquisition of Osram Licht AG.

Ams launched a new offer through its subsidiary Ams Offer GmbH in November 2019 at 41 euros ($45.33) a share to take over the lighting-technology company, lowering the minimum acceptance threshold to 55%, which was reached in early January 2020.

A previous offer failed as a 62.5% threshold was not reached.

Ams added that it expects the listing and first day of trading of the new shares to take place on the SIX Swiss Exchange on or around April 3, noting the closing of the rights issue will need to shift by one day due to the closure on some weekdays of courts in Austria because of the coronavirus pandemic.

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

Stocks mentioned in the article
ChangeLast1st jan.
AMS AG -4.84% 14.45 Delayed Quote.-61.33%
OSRAM LICHT AG 1.07% 39.53 Delayed Quote.-11.42%
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Latest news on AMS AG
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Financials
Sales 2019 1 868 M 2 072 M 2 072 M
Net income 2019 262 M 291 M 291 M
Net Debt 2019 958 M 1 062 M 1 062 M
P/E ratio 2019 4,58x
Yield 2019 0,39%
Capitalization 3 709 M 4 123 M 4 114 M
EV / Sales 2018
EV / Sales 2019 2,50x
Nbr of Employees 9 884
Free-Float 97,4%
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Technical analysis trends AMS AG
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 19,48 €
Last Close Price 14,21 €
Spread / Highest target 121%
Spread / Average Target 37,1%
Spread / Lowest Target -33,4%
EPS Revisions
Managers
NameTitle
Alexander Friedrich Everke Chief Executive Officer
Hans Jörg Kaltenbrunner Chairman-Supervisory Board
Thomas Stockmeier Chief Operating Officer
Ingo Bank Chief Financial Officer
Guido Klestil Honorary Chairman
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