EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S intends to issue a (Hybrid) Convertible Bond and/or a Hybrid Bond; no dividend for the financial year 2025/26

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
  Bond/Dividend
  AT&S Austria Technologie & Systemtechnik AG: AT&S intends to issue a (Hybrid)
  Convertible Bond and/or a Hybrid Bond; no dividend for the financial year
  2025/26

  20-May-2026 / 19:34 CET/CEST
  Disclosure of an inside information acc. to Article 17 MAR of the Regulation
  (EU) No 596/2014, transmitted by [1]EQS News - a service of [2]EQS Group.
  The issuer is solely responsible for the content of this announcement.

  ══════════════════════════════════════════════════════════════════════════════

   AT&S intends to issue a (Hybrid) Convertible Bond and/or a Hybrid Bond; no
  dividend for the financial year 2025/26

  Disclosure of inside information pursuant to Article 17 MAR

  THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION
  OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF
  AMERICA, AUSTRALIA, CANADA, JAPAN, THE UNITED KINGDOM OF GREAT BRITAIN AND
  NORTHERN IRELAND, SINGAPORE, BELGIUM, FRANCE, ITALY OR IN OR INTO OTHER
  COUNTRIES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION MAY BE UNLAWFUL.

   

  Leoben – AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
  ("AT&S") intends to issue a deeply subordinated perpetual convertible bond
  with an early redemption option for the company ((Hybrid) Convertible Bond)
  and/or a deeply subordinated perpetual bond with an early redemption option
  for the company (Hybrid Bond).

   

  The details of the potential issuance, such as the total nominal value, issue
  price, conversion price (in case of the (Hybrid) Convertible Bond), time of
  optional redemption and coupon would be determined based on the market
  conditions prevailing at the time of the respective issuance.

   

  The combined issue volume of the two financial instruments could amount to up
  to € 500 million, whereby each of the financial instruments would be limited
  to a maximum amount of € 400 million. Should the Management Board of AT&S
  therefore decide to issue only a (Hybrid) Convertible Bond or only a Hybrid
  Bond, but not both financial instruments, the issue volume would be limited to
  a maximum of € 400 million.

   

  The (Hybrid) Convertible Bond would be convertible to new ordinary bearer
  shares of no par value (no-par value shares) of AT&S.

   

  The (Hybrid) Convertible Bond and the Hybrid Bond would be issued at 100% of
  their nominal value at a denomination of € 100,000 each and would be
  exclusively directed at institutional investors. Subscription rights to the
  (Hybrid) Convertible Bond of existing shareholders would be excluded. In this
  context, reference is also made to the reports of the Management Board of June
  2024 and of today. These reports can be accessed on the company’s website at
  ([3]www.ats.net –
  [4]https://ats.net/en/ir-news/report-of-the-management-board-of-may-20-2026/).

   

  The company has retained various financial and legal advisors, and the
  Supervisory Board has given its approval in principle.

   

  The execution of the potential issuances depends in particular on given market
  conditions and final board resolutions and could take place in the second or
  third quarter of 2026.

   

  The potential proceeds of the issue would serve for refinancing and would also
  strengthen the capital base of AT&S.

   

  Furthermore, the Management Board of AT&S decided to propose to the 32^nd
  Ordinary General Meeting on July 9, 2026 that no dividend be distributed for
  the financial year 2025/26, as was the case in the previous year.

   

  Legal Notice:

  This announcement neither constitutes nor forms part of any prospectus nor an
  offering or solicitation or invitation of any offer to tender or to buy any
  securities of AT & S Austria Technologie & Systemtechnik; neither does it
  constitute financial analysis nor advice or a recommendation regarding any
  financial instruments.

  These securities have not been registered and will not be registered with
  foreign securities authorities in line with foreign securities laws,
  particularly the U.S. Securities Act of 1933, as amended (“Securities Act”),
  and in particular may not be offered or sold in the United States of America
  (“USA”) without registration or an exemption from the registration
  requirements of the Securities Act.

  This announcement may not be disseminated, directly or indirectly, in and/or
  within the USA, Australia, Canada, Japan, the United Kingdom of Great Britain
  and Northern Ireland, Singapore, Belgium, France, Italy or any other country
  in which the distribution or dissemination may be unlawful and may not be
  distributed or forwarded to publications that are widely available in such
  countries. There will be no public offer of securities in the USA.

    

  AT&S Austria Technologie & Systemtechnik Aktiengesellschaft – Advanced
  Technologies & Solutions

  AT&S is a leading global manufacturer of high-end IC substrates and printed
  circuit boards. AT&S develops and produces leading-edge interconnect
  technologies for key digital industries: mobile devices, automotive &
  aerospace, industrial, medical and high-performance computing for AI
  applications. With production sites in Austria (Leoben, Fehring), China
  (Shanghai, Chongqing), Malaysia (Kulim), India (Nanjangud) and a European
  competence center for R&D and IC substrate production in Leoben, AT&S is
  actively shaping the digital transformation – through forward-looking
  investments in research and development and the responsible use of resources.
  The company currently employs around 14,000 people. Further information can
  also be found at [5]www.ats.net

   

  Media download:

  On the AT&S media portal [6]https://ats.canto.de/v/press you will find
  continuously updated picture material on AT&S.

  Media contact:

  Gerald Reischl, Vice President Corporate Communications
  Phone: +43 3842 200 4252; Mobile: +43 664 8859 2452; [7][email protected]

  Contact Investor Relations:

  Philipp Gebhardt, Vice President Investor Relations
  Phone: +43 3842 200 2274; Mobile: +43 664 7800 2274; [8][email protected]

   

  AT&S Austria Technologie & Systemtechnik Aktiengesellschaft
  Fabriksgasse 13
  8700 Leoben / Austria
  [9]www.ats.net

   

  End of Inside Information

  ══════════════════════════════════════════════════════════════════════════════

  20-May-2026 CET/CEST News transmitted by [10]EQS Group

  View original content: [11]EQS News

  ══════════════════════════════════════════════════════════════════════════════

   Language:    English
   Company:     AT&S Austria Technologie & Systemtechnik AG
                Fabriksgasse 13
                8700 Leoben
                Austria
   Phone:       +43 (1) 3842200-0
   E-mail:      [email protected]
   Internet:    www.ats.net
   ISIN:        AT0000969985, AT0000A09S02
   WKN:         922230
   Indices:     ATX
   Listed:      Regulated Unofficial Market in Dusseldorf, Frankfurt,
                Hamburg, Hanover, Munich, Stuttgart, Tradegate BSX; Vienna
                Stock Exchange (Official Market)
   EQS News ID: 2330950


    
   End of Announcement EQS News Service


   2330950  20-May-2026 CET/CEST

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