Bernin (Grenoble), France, March 19th, 2020 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, announces that 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 FR0013345949), today approved in a general meeting a partial assets contribution to the benefit of its wholly-owned subsidiary, Soitec Newco 1, to be renamed Soitec Lab after the transaction.
The minutes of this general meeting are attached as an appendix to this press release.
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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