Release pursuant to section 40 para. 1 sentence 1 and 43 para. 2 German Securities Trading Act (Wertpapierhandelsgesetz - WpHG)
By voting rights notification dated 10 July 2020, ams AG, Premstätten, Austria, notified us that on 8 July 2020 it exceeded the threshold of 25% of the voting rights in OSRAM Licht AG within the meaning of sections 33, 34 WpHG.
In this context ams AG informed us on 5 August 2020 pursuant to section 43 paragraph 1 sentences 1, 3 and 4 WpHG as follows:
1. The acquisition of the voting rights in OSRAM Licht AG serves to implement strategic objectives.
2. It is planned to acquire further voting rights in OSRAM Licht AG within the next twelve months.
3. ams AG intends to be represented in the Supervisory Board of OSRAM Licht AG in a manner appropriate to its shareholding in OSRAM Licht AG. In case of future decisions on the composition of the Management Board of OSRAM Licht AG, representatives of ams AG would therefore also be involved in such decision-making process.
4. No material change in the capital structure of OSRAM Licht AG, in particular as regards the ratio between equity and debt and the dividend policy, is currently intended.
The acquisition of the shareholding in OSRAM Licht AG by ams AG, which led to the aforementioned voting rights notification threshold being exceeded, was financed by equity and debt means.