Elettronica
SOITEC : Results of the Extraordinary General Meeting on April 29, 2016
- The Board of Directors of Soitec (Euronext Paris), a world leader in manufacturing revolutionary semiconductor materials, is announcing that the Extraordinary General Meeting of the Company's shareholders held today on second call and chaired by Paul Boudre approved both resolutions on the agenda by a very large majority. These were the only two resolutions that the Combined General Meeting of April 11, 2016 was unable to vote on because the quorum requirement was not met.
The Group reiterates that all the resolutions that could be put to a vote were adopted at the Combined General Meeting that met on first call on April 11, 2016. Given the votes in favor expressed at the Extraordinary General Meeting held on second call on April 29, 2016, all the resolutions required for the Company's proposed capital increases totaling between EUR130 million and EUR180 million announced on February 10, 2016 to go ahead have now been adopted.
The General Meeting of the Shareholders approved the whole proposed recapitalization project of Soitec and also the delegations of powers to the Board of Directors to carry out each of the three capital increases reserved respectively for Bpifrance Participations, CEA Investissement and NSIG Sunrise (in a total amount of around EUR76.5 million) and the subsequent launch of a rights issue (in an amount of between EUR53.5 million and EUR103.5 million).
Soitec (Euronext, Paris) is a world leader in manufacturing innovative semiconductor materials. The company uses its unique technologies to serve the electronics market. With 3,600 patents worldwide, Soitec's strategy is based on disruptive innovation to respond to its customers' needs for high performance, energy efficiency and cost competitiveness. Soitec has manufacturing facilities, R&D centers and offices in Europe, US and Asia. For more information, please visit www.soitec.com.
Copyright GlobeNewswire
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