DGAP-Adhoc: Dialog Semiconductor Plc.: TERMINATION OF MERGER DISCUSSIONS

Dialog Semiconductor Plc.  / Key word(s): Merger

22.07.2014 07:52

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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London UK, 22 July 2014 - Further to the announcement made on 26 June 2014,
Dialog announces that, despite extensive discussions, it has been unable to
agree suitable terms for a transaction and has terminated discussions with
AMS AG ("AMS") regarding a possible merger of equals of the two companies.

Dialog will continue to execute on its strategy to become a leading
provider of analog mixed signal semiconductors for fast growing market
segments including smartphone, tablet, solid state lighting and the
emerging wearable and smart home segments. Dialog remains committed to
exploring opportunities to enhance its product portfolio and expand its
addressable market through strategic transactions.

Jalal Bagherli, CEO of Dialog, said:

"With the end of these discussions, it is business as usual, namely
delivering increasing value for our shareholders. We will continue on our
profitable growth path - as demonstrated by our track record - and build a
truly vibrant, global and diversified mixed signal semiconductor business."

Dialog will be providing its second quarter financial results as planned in
an earnings call scheduled for 30 July 2014.


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Information and Explaination of the Issuer to this News:

Enquiries:

Dialog
Jalal Bagherli                                         +44 (0) 1793 757777
Mark Tyndall                                           +1 408 621 6749
Jose Cano                                              +44 (0) 1793 756961

Morgan Stanley (Financial Adviser to Dialog)           +44 (0) 20 7425 8000
Johannes Groeller
Sumit Pande
Massimiliano Gino



About Dialog 

Dialog creates highly integrated, mixed-signal integrated circuits (ICs),
optimised for personal portable, short-range wireless connectivity, LED
solid state lighting and automotive applications. The company provides
flexible and dynamic support, world-class innovation and the assurance of
dealing with an established business partner.

With its focus and expertise in energy-efficient system power management
and a technology portfolio that also includes audio, short-range wireless,
AC/DC power conversion and multi-touch, Dialog brings decades of experience
to the rapid development of ICs for personal portable and digital consumer
applications, including smartphones, tablets, Ultrabooks(TM) and emerging
wearable type devices.

Dialog's power management ICs increase the performance of portable devices
by extending battery lifetime, enabling faster charging and enhancing the
consumer's experience. With world-class manufacturing partners, Dialog
operates a fabless business model.

Dialog Semiconductor plc is headquartered in London with a global sales,
R&D and marketing organisation. In 2013, it had approximately $910 million
in revenue and was one of the fastest growing European public semiconductor
companies. It currently has approximately 1,100 employees worldwide. The
company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated
Market, Prime Standard, ISIN GB0059822006) and is a member of the German
TecDax index. It also has convertible bonds listed on the Euro MTF Market
on the Luxemburg Stock Exchange (ISIN XS0757015606).

The release, publication or distribution of this announcement in certain
jurisdictions may be restricted by law. Persons who are not resident in the
United Kingdom or who are subject to other jurisdictions should inform
themselves of, and observe, any applicable requirements.

Morgan Stanley & Co. International plc ('Morgan Stanley') is acting as
financial adviser to Dialog and no one else in connection with the now
terminated merger discussions of AMS and Dialog. In connection with such
matters, Morgan Stanley, its affiliates and their respective directors,
officers, employees and agents will not regard any other person as their
client, nor will they be responsible to any other person for providing the
protections afforded to their clients or for providing advice in relation
to any possible merger, the contents of this announcement or any other
matter referred to herein.

22.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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
Phone:        +49 7021 805-412
Fax:          +49 7021 805-200
E-mail:       jose.cano@diasemi.com
Internet:     www.diasemi.com
ISIN:         GB0059822006, XS0757015606
WKN:          927200
Indices:      TecDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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