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Dialog Semiconductor Plc.: Termination of Merger Discussions

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.

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.

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: [email protected]

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

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