Renesas Electronics Corporation — M&A Activity 2022

Aug 30, 2022

National Storage Mechanism | Additional information

RNS Number : 5527X

Renesas Electronics Corporation

30 August 2022

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE TAKEOVER CODE (THE "CODE") WHICH, AMONGST OTHER THINGS, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF THE PERIOD OF 12 MONTHS FROM THE END OF THE OFFER PERIOD CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.

For immediate release

30 August 2022

Rule 19.6(c) confirmation with respect to post-offer intention statements made in relation to Dialog Semiconductor Plc ("Dialog")

Renesas Electronics Corporation ("Renesas") announces that, further to the completion of its recommended cash offer for the entire issued and to be issued share capital of Dialog, which was implemented by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006, and which became effective on 30 August 2021, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Renesas has complied with its post-offer statements of intent made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code, as originally detailed in its announcement of 8 February 2021 and the scheme document published on 8 March 2021.

Enquiries:
Renesas Investor Relations: Yuuki Oka Public Relations: Kyoko Okamoto	+81 (3) 6773 3002 +81 (3) 6773 3001
Nomura (Financial adviser to Renesas) Guy Hayward-Cole, Henry Phillips	+44 (0) 207 102 1000

Important Notice

Nomura International plc ("Nomura"), which is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority in the United Kingdom, is acting as financial adviser exclusively to Renesas and no one else in connection with this announcement and Nomura, its affiliates and its respective officers, employees, agents, representatives and/or associates will not regard any other person as their client, nor will they be responsible to anyone other than Renesas for providing the protections afforded to clients of Nomura nor for providing advice in relation to the matters in the Acquisition, this announcement or any matter referred to herein. Neither Nomura nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Nomura in connection with the Acquisition, this announcement or any matter referred to herein.

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