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DIALOG SEMICONDUCTOR

(DLG)
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DGAP-PVR: Dialog Semiconductor Plc.: Release according to Article 43, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

09/01/2021 | 05:09am EDT

DGAP Voting Rights Announcement: Dialog Semiconductor Plc. Dialog Semiconductor Plc.: Release according to Article 43, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution 2021-09-01 / 11:08 Dissemination of a Voting Rights Announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Notification of significant shareholding pursuant to section 43 para 1 of the German Securities Trading Act ( Wertpapierhandelsgesetz - WpHG)

Dear Sir / Madam,

In connection with the major shareholding notification sent by us, Renesas Electronics Corporation

(hereinafter 'Renesas'), dated

31 August

2021 regarding the acquisition of voting rights by

means of a scheme of arrangement under Part 26 of the UK Companies Act, we hereby inform you about the objectives pursued with the acquisition of the voting rights and the origin of the funds used for the acquisition.

1. Objectives of the acquisition of voting rights

- The investment is made for strategic reasons.

- Renesas does not intend to acquire further voting rights in Dialog Semiconductor Plc within the next twelve months.

- Renesas intends to influence the composition of the board of directors of Dialog Semiconductor Plc.

- Renesas does not intend to make any material changes to the capital structure of Dialog Semiconductor Plc, in particular regarding the ratio of equity and debt financing and the dividend policy.

2. Origins of the funds used to acquire the voting rights

The acquisition of the voting rights was financed through a combination of debt, cash on hand and the proceeds of an equity offering.

Sincerely,

Signed by

Shuhei Shinkai, Senior Vice President ) and CFO for and on behalf of RENESAS ELECTRONICS CORPORATION

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2021-09-01 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      Dialog Semiconductor Plc. 
              Tower Bridge House, St. Katharine's Way 
              E1W 1AA London 
              United Kingdom 
Internet:     www.dialog-semiconductor.com 
 
End of News   DGAP News Service 
=------------ 

1230377 2021-09-01

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1230377&application_name=news

(END) Dow Jones Newswires

September 01, 2021 05:08 ET (09:08 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DIALOG SEMICONDUCTOR 0.00% 67.42 End-of-day quote.50.86%
DJ INDUSTRIAL 1.09% 35294.76 Delayed Quote.14.07%
RENESAS ELECTRONICS CORPORATION 2.53% 1337 End-of-day quote.23.91%
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Sales 2020 1 376 M - -
Net income 2020 84,5 M - -
Net cash 2020 479 M - -
P/E ratio 2020 38,2x
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Capitalization 5 433 M 5 443 M -
EV / Sales 2019 1,65x
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Nbr of Employees 2 300
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Managers and Directors
Jalal Bagherli Chief Executive Officer & Executive Director
Wissam Georges Jabre Chief Financial Officer & Senior VP-Finance
Richard M. Beyer Chairman
Alexander R. McCann Senior Vice President-Global Operations
Michael R. Cannon Independent Non-Executive Director