austriamicrosystems Completes TAOS Acquisition

austriamicrosystems AG has completed the transaction to acquire 100 percent of the shares in Texas Advanced Optoelectronic Solutions Inc. (TAOS).

As part of the total consideration of approximately $320 million for the acquisition of TAOS, 2,706,840 new austriamicrosystems no-par value bearer shares were issued by way of a capital increase out of existing authorised capital at an issue price of Eur37.9843 per share, and were privately placed with Twilight S, LLC, a limited liability company owned by certain shareholders of TAOS. After the capital increase, the company's statutory ordinary share capital is divided into 13,753,092 ordinary no par value bearer shares with a calculated nominal value of Eur2.4224 per share.

The application for the newly issued austriamicrosystems shares to be listed and admitted to trading on the SIX Swiss Exchange according to the Main Standard was approved by the SIX Swiss Exchange. The listing became effective and trading commenced on 15 July 2011.

Following the successful completion of the transaction, austriamicrosystems plans to hold an extraordinary shareholders meeting in the near future where the shareholders shall decide on the election of two representatives of former TAOS shareholders to the supervisory board.

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