Infineon offers newly issued shares

Infineon Technologies AG announced on July 13 the sale of 52,174,000 newly issued American Depositary Shares at a price of Euro25.00/share and $21.33/ADS.

The shares have been issued by Infineon from its authorized capital in a capital increase without pre-emptive rights; no shares were offered by any of Infineon’s existing shareholders. The underwriters have an option, exercisable prior to August 12, 2001, to purchase an additional 7,826,000 shares solely to cover over-allotments.

The offering was made in simultaneous public offerings in Germany and the United States and in a private placement to international institutional investors in the rest of the world. Infineon’s shares are listed on the Frankfurt Stock Exchange and its ADSs are listed on the New York Stock Exchange (FSE/NYSE:IFX).

The company intends to use the net proceeds of approximately Euro1.271 billion (US$1.085 billion) resulting from the offering to fund future capital expenditures and potential acquisitions, to repay short-term debt, and for working capital and other corporate purposes.

Munich, Germany-based Infineon Technologies AG offers semiconductor and system solutions for applications in the wired and wireless communications markets, for security systems and smartcards, for the automotive and industrial sectors, as well as memory products.


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