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Expiry of initial acceptance period: First Sensor shareholders accept takeover bid for majority of outstanding shares

2019-09-05

  • 71.90 percent of shares contributed by end of initial acceptance period on September 2, 2019
  • Further acceptance period ends at midnight (Frankfurt am Main) / 6:00 pm (New York) on September 19, 2019

At the end of the initial acceptance period on September 2, 2019, First Sensor AG shareholders had contributed a total of 7,376,321 shares to the voluntary public takeover bid by TE Connectivity Sensors Germany Holding AG (TE Holding). This corresponds to 71.90 percent of the total share capital and voting rights of First Sensor as of the reference date. TE Holding is a wholly-owned subsidiary of TE Connectivity Ltd. (NYSE: TEL) (TE), one of the world's leading technology companies in the sensor and connection solutions sectors. Shareholders who did not accept the offer within the lapsed period can do so during the further acceptance period that runs until midnight (Frankfurt am Main) or 6:00 pm (New York) on September 19, 2019. The final number of tendered shares will be announced by TE immediately after the end of the further acceptance period.

When the first acceptance period expired, all non-regulatory bid conditions had been fulfilled. Implementation of the bid still depends on approvals relating to foreign trade in Germany and the United States. The acquisition is expected to be concluded by mid-2020 at the latest.

The Executive Board and the Supervisory Board of First Sensor AG welcome and support the takeover bid, and have advised shareholders to accept it. “We are convinced that the transaction is strategically sound and in the best interests of First Sensor, our shareholders, and our employees. The planned combination with TE will allow us to accelerate our growth in a market environment that is increasingly competitive worldwide. We can benefit here from TE's technology and product leadership and its global reach in order to provide our customers with a more extensive range of products. The result at the end of the acceptance period reflects this assessment,” says Dr. Dirk Rothweiler, CEO of First Sensor AG.

The offer, along with further information and documents relating to the transaction, can be found online at www.sensor-offer.com. The statement of the Executive Board and the Supervisory Board, as well as the statement of the General Works Council of First Sensor AG are available in the Investor Relations section of the First Sensor website.

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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