DGAP-News: Dialog Semiconductor Plc. / Key word(s): Share Buyback
Dialog Semiconductor Plc.: Announcement relating to the final settlement of
the first tranche of shares bought back pursuant to Dialog Semiconductor
Plc's authorised share buyback programme
29.09.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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London, UK, September 29, 2016 - Dialog Semiconductor Plc reports that,
pursuant to the share buyback programme announced by the Company on May 3,
2016, the Company has purchased the following ordinary shares in the
Company from Barclays Bank PLC:
<pre>
Date of purchase Number of Average price per Number of
ordinary shares share (EUR) in ordinary shares
purchased by the the final purchased by the
Company in the settlement Company in the
final settlement first tranche of
the buyback
programme
September 28, 342,158 29.4931 1,332,158
2016
</pre>
The first tranche of the share repurchase programme announced by the
Company on May 3, 2016 has, as planned, been concluded.
A cumulative total of 1,332,158 ordinary shares have been bought back, at
an average price of EUR28.1498 per share, corresponding to 1.71% of the
Company's ordinary share capital, at a total cost of EUR37,500,000.
The Company obtained shareholder approval at its Annual General Meeting on
April 28, 2016 to purchase, in aggregate, up to 7,786,595 of its ordinary
shares (representing approximately 10% of the Company's ordinary share
capital as at March 30, 2016). The Company therefore still has authority to
purchase, in aggregate, a further 6,454,437 ordinary shares. There can be
no certainty that any further ordinary shares will be acquired by the
Company following the conclusion of the first tranche of its buyback
programme. The Company will consider further repurchases of ordinary
shares during the next open period. The Company will announce the purchase
of any further tranche of ordinary shares if and when it determines to make
any such further purchase.
Details of any ordinary shares purchased by the Company are available on
the Company's website at
http://www.dialog-semiconductor.com/investor-relations/financial-news/
share-buybacks
Dialog and the Dialog logo are registered trademarks of Dialog
Semiconductor Plc or its subsidiaries. All other product or service names
are the property of their respective owners. (c) Copyright 2016 Dialog
Semiconductor All Rights Reserved
For further information please contact:
Dialog Semiconductor
Jose Cano
Head of Investor Relations
T: +44 (0)1793 756 961
jose.cano@diasemi.com
FTI Consulting London
Matt Dixon
T: +44 (0)2037 271 137
matt.dixon@fticonsulting.com
FTI Consulting Frankfurt
Anja Meusel
T: +49 (0) 69 9203 7120
Anja.Meusel@fticonsulting.com
About Dialog Semiconductor
Dialog Semiconductor provides highly integrated standard (ASSP) and custom
(ASIC) mixed-signal integrated circuits (ICs), optimized for smartphone,
computing, IoT, LED Solid State Lighting (SSL) and smart home applications.
Dialog brings decades of experience to the rapid development of ICs while
providing flexible and dynamic support, world-class innovation and the
assurance of dealing with an established business partner. With world-class
manufacturing partners, Dialog operates a fabless business model and is a
socially responsible employer pursuing many programs to benefit the
employees, community, other stakeholders and the environment we operate in.
Dialog's power saving technologies including DC-DC configurable system
power management deliver high efficiency and enhance the consumer's user
experience by extending battery lifetime and enabling faster charging of
their portable devices. Its technology portfolio also includes audio,
Bluetooth(R) low energy, Rapid Charge(TM) AC/DC power conversion and multi-
touch.
Dialog Semiconductor plc is headquartered in London with a global sales,
R&D and marketing organization. In 2015, it had approximately $1.35 billion
in revenue and was one of the fastest growing European public semiconductor
companies. It currently has approximately 1,660 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.
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29.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at 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.dialog-semiconductor.com
ISIN: GB0059822006, XS0757015606
WKN: 927200
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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506617 29.09.2016
DGAP-News: Dialog Semiconductor Plc.: Announcement relating to the final settlement of the first tranche of shares bought back pursuant to Dialog Semiconductor Plc's authorised share buyback programme
| Source: EQS Group AG