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SOITEC : Results of the Extraordinary General Meeting on April 29, 2016

ID: 1431628
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(Thomson Reuters ONE) -







Results of the Extraordinary General Meeting on April 29, 2016


Approval by the General Meeting of Shareholders
of the final two resolutions enabling
Soitec''s proposed capital increases to go ahead



Bernin, France, April 29, 2016 - The Board of Directors of Soitec (Euronext
Paris), a world leader in manufacturing revolutionary semiconductor materials,
is announcing that the Extraordinary General Meeting of the Company''s
shareholders held today on second call and chaired by Paul Boudre approved both
resolutions on the agenda by a very large majority. These were the only two
resolutions that the Combined General Meeting of April 11, 2016 was unable to
vote on because the quorum requirement was not met.

The Group reiterates that all the resolutions that could be put to a vote were
adopted at the Combined General Meeting that met on first call on April
11, 2016. Given the votes in favor expressed at the Extraordinary General
Meeting held on second call on April 29, 2016, all the resolutions required for
the Company''s proposed capital increases[1] totaling between ?130 million and
?180 million announced on February 10, 2016 to go ahead have now been adopted.

The General Meeting of the Shareholders approved the whole proposed
recapitalization project of Soitec and also the delegations of powers to the
Board of Directors to carry out each of the three capital increases reserved
respectively for Bpifrance Participations, CEA Investissement and
NSIG Sunrise[2] (in a total amount of around ?76.5 million) and the subsequent
launch of a rights issue (in an amount of between ?53.5 million and
?103.5 million).




About Soitec

Soitec (Euronext, Paris) is a world leader in manufacturing innovative
semiconductor materials. The company uses its unique technologies to serve the
electronics market. With 3,600 patents worldwide, Soitec''s strategy is based on
disruptive innovation to respond to its customers'' needs for high performance,
energy efficiency and cost competitiveness. Soitec has manufacturing facilities,
R&D centers and offices in Europe, US and Asia. For more information, please
visit www.soitec.com.


For all information, please contact:

Investor relations Media
Steve Babureck Marylen Schmidt
+33 (0)6 16 38 56 27 or +1 858 519 6230 +33 (0)6 21 13 66 72
steve.babureck(at)soitec.com marylen.schmidt(at)soitec.com

Individual Shareholder Relations Fabrice Baron
08 05 10 99 39 +33 (0)1 53 32 61 27
investors(at)soitec.com fabrice.baron(at)ddbfinancial.fr

Isabelle Laurent
+33 (0)1 53 32 61 51
isabelle.laurent(at)ddbfinancial.fr



--------------------------------------------------------------------------------

[1]     For further details, please refer to the press release published by the
Company on February 10, 2016 and all the information concerning the capital
increases available on the website at www.soitec.com.
[2]    A wholly-owned subsidiary of National Silicon Industry Group (NSIG)

Soitec press release in PDF:
http://hugin.info/143589/R/2008645/743040.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: SOITEC via GlobeNewswire
[HUG#2008645]






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Date: 04/29/2016 - 18:30
Language: English
News-ID 1431628
Character count: 2219
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