Announcement Related to the Fourth and Final Settlement of the Second Tranche of Shares Pursuant to the Share Buyback Programme Authorised by Shareholders at the Annual General Meeting on May 2, 2019 (The 2019 Buyback Programme).
Dialog Semiconductor has completed the second tranche of its 2019 Buyback Programme, repurchasing 696,849 ordinary shares at an average price of €42.6342 each, totaling €70 million. This adds to the cumulative buybacks of 2,036,705 shares, representing 2.7% of the company's ordinary share capital as of March 27, 2019. In total, the company bought back 5,171,600 shares under the 2019 Programme at an average price of €37.7059. Shareholder approval was secured to purchase up to 11,457,321 shares. No further shares will be bought under the 2019 Approval.
- Completed buyback of 696,849 shares enhances shareholder value.
- Total shares repurchased under the 2019 Programme reached 5,171,600, supporting EPS growth.
- None.
LONDON, UK / ACCESSWIRE / October 8, 2020 / Dialog Semiconductor Plc (XTRA:DLG) reports that, pursuant to the second tranche of the 2019 Buyback Programme announced by the Company on March 3, 2020, the Company has purchased the following ordinary shares in the Company from HSBC Bank plc:
| Date of purchase | Number of ordinary shares purchased by the Company in the fourth and final settlement of the second tranche of the 2019 Buyback Programme | Average price per share (EUR) in the fourth and final settlement of the second tranche of the 2019 Buyback Programme* | Total number of ordinary shares purchased by the Company in the second tranche of the 2019 Buyback Programme | Total number of ordinary shares purchased by the Company under the 2019 Buyback Programme |
| October 8, 2020 | 696,849 | 42.6342 | 2,036,705 | 5,171,600 |
The second tranche of the 2019 Buyback Programme announced by the Company on March 3, 2020 has, as planned, been concluded.
Under the second tranche of the 2019 Buyback Programme, a cumulative total of 2,036,705 ordinary shares have been bought back, corresponding to
The Company obtained shareholder approval at its Annual General Meeting on May 2, 2019 (the 2019 Approval) to purchase, in aggregate, up to 11,457,321 of its ordinary shares (representing approximately
The Company obtained shareholder approval at its Annual General Meeting on April 30, 2020 (the 2020 Approval) to purchase, in aggregate, up to 10,395,809 of its ordinary shares (representing approximately
Further information on the Company's share buyback programme is available on the Company's website at:
http://www.dialog-semiconductor.com/investor-relations/financial-news/share-buybacks
*Average of the daily volume weighted average price during the second tranche of the 2019 Buyback
Programme (excluding the ordinary shares purchased and the price paid under the first, second
and third interim settlements).
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 2020
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
Steffi Kim
T: +49 (0) 17 1556 5996
Steffi.Kim@fticonsulting.com
About Dialog Semiconductor
Dialog Semiconductor is a leading provider of integrated circuits (ICs) that power mobile devices and the Internet of Things. Dialog solutions are integral to some of today's leading mobile devices and the enabling element for increasing performance and productivity on the go. From making smartphones more power efficient and shortening charging times, enabling home appliances to be controlled from anywhere, to connecting the next generation of wearable devices, Dialog's decades of experience and world-class innovation help manufacturers get to what's next.
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 Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2019, it had approximately
Forward Looking Statements
This press release contains "forward-looking statements" that reflect management's current views with respect to future events. The words "anticipate," "believe," "estimate", "expect," "intend," "may," "plan," "project" and "should" and similar expressions identify forward-looking statements. Such statements are subject to risks and uncertainties, including, but not limited to: an economic downturn in the semiconductor and telecommunications markets; changes in currency exchange rates and interest rates, the timing of customer orders and manufacturing lead times, insufficient, excess or obsolete inventory, the impact of competing products and their pricing, political risks in the countries in which we operate or sale and supply constraints. If any of these or other risks and uncertainties occur (some of which are described under the heading "Managing risk and uncertainty" in Dialog Semiconductor's most recent Annual Report) or if the assumptions underlying any of these statements prove incorrect, then actual results may be materially different from those expressed or implied by such statements. We do not intend or assume any obligation to update any forward-looking statement which speaks only as of the date on which it is made, however, any subsequent statement will supersede any previous statement.
Contact:
Jose Cano
Director, Investor Relations
jose.cano@diasemi.com
+44(0)1793756961
SOURCE: Dialog Semiconductor Plc.
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FAQ
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