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News Details

Ad-hoc | 11 November 2020 09:48

Manz AG: Joint venture partner exercises call option to acquire Manz AG’s share in Talus Manufacturing Ltd.

Manz AG / Key word(s): Disposal

Manz AG: Joint venture partner exercises call option to acquire Manz AG’s share in Talus Manufacturing Ltd.

11-Nov-2020 / 09:48 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Publication of inside information pursuant to Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse (Market Abuse Regulation)

Joint venture partner exercises call option to acquire Manz AG’s share in Talus Manufacturing Ltd.

Reutlingen, November 11, 2020 – The joint venture partner of Manz Taiwan Ltd., a subsidiary of Manz AG, has exercised its contractual call option to acquire Manz Taiwan Ltd.’s 80.5% share in Talus Manufacturing Ltd. Chungli City (Taiwan). The agreed selling price is in the mid double-digit million-euro range. The contribution to earnings made by Talus Manufacturing Ltd. totaled 8.8 million euros in fiscal year 2019 (previous year: – 2.6 million euros) and 9.3 million euros in the first nine months of fiscal year 2020.

The transaction is still subject to regulatory approvals in Taiwan The joint venture partner is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Talus Manufacturing Ltd. is a global center for the refurbishment and upgrade of existing semiconductor manufacturing equipment.

Additional information:

ISIN: DE000A0JQ5U3

WKN: A0JQ5U

Exchange abbreviation: M5Z

Market segment: Regulated market (Prime Standard) of the Frankfurt Stock Exchange

Manz AG

Steigäckerstraße 5

72768 Reutlingen

Germany

Investor Relations Contact:

Manz AG

Axel Bartmann

Tel: +49 (0)7121 – 9000-395

Fax: +49 (0)7121 – 9000-99

E-Mail: [email protected]

cometis AG

Claudius Krause

Tel.: +49 (0)611 – 205855-28

Fax: +49 (0)611 – 205855-66

E-Mail: [email protected]

11-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Manz AG
	Steigäckerstr. 5
	72768 Reutlingen
	Germany
Phone:	+49 (0) 7121 9000-0
Fax:	+49 (0) 7121 9000-99
E-mail:	[email protected]
Internet:	http://www.manz.com
ISIN:	DE000A0JQ5U3
WKN:	A0JQ5U
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1147162