Soitec convenes the holders of OCEANE 2023 convertible bonds to submit for their approval a partial assets contribution to the benefit of its wholly-owned subsidiary

Bernin (Grenoble), France, March 2nd, 2020 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced that its board of directors has convened the holders of the OCEANE 2023 convertible bonds issued on June 28th, 2018, with a maturity date on June 28th 2023, for an amount of 149,999,906.46 Euros (ISIN FR0013227113), to a general meeting on March 19th 2020 at 10:00 am (Paris time) and, if the quorum is not reached, on March 27th 2020 at 10:00am (Paris time), at the office of Gide Loyrette Nouel, 15 rue de Laborde, 75008 Paris, in order to deliberate on the approval of a partial assets contribution to the benefit of its wholly-owned subsidiary, Soitec Newco 1, to be renamed Soitec Lab after the transaction.

The agenda, the proposed resolutions and the terms and conditions of participation to this meeting are detailed in the notice of meeting attached as an appendix to this press release.

About Soitec

Soitec (Euronext, Tech 40 Paris) is a world leader in designing and manufacturing innovative semiconductor materials. The company uses its unique technologies and semiconductor expertise to serve the electronics markets. With more than 3,500 patents worldwide, Soitec’s strategy is based on disruptive innovation to answer its customers’ needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, the U.S. and Asia.

Soitec and Smart Cut are registered trademarks of Soitec.

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