EQS-Adhoc: AT&S Austria Technologie & Systemtechnik AG: AT&S launches an offering of a € 400 million deeply subordinated perpetual convertible bond with an early redemption option for the Company

EQS-Ad-hoc: AT&S Austria Technologie & Systemtechnik AG / Key word(s):
   Financing
   AT&S Austria Technologie & Systemtechnik AG: AT&S launches an offering of
   a € 400 million deeply subordinated perpetual convertible bond with an
   early redemption option for the Company

   16-Jun-2026 / 07:58 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.

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

   NOT FOR DISTRIBUTION IN OR INTO THE U.S., AUSTRALIA, CANADA, JAPAN, SOUTH
   AFRICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE
   PROHIBITED BY APPLICABLE LAW. THIS ANNOUNCEMENT IS FOR INFORMATION
   PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

    

   AT&S launches an offering of a € 400 million deeply subordinated perpetual
   convertible bond with an early redemption option for the Company (Hybrid
   Convertible Bond)

    

   Disclosure of inside information pursuant to Article 17 MAR

    

   Leoben, Austria, 16 June 2026 – Following the report and the announcement
   to raise up to € 500m by issuance of a hybrid convertible bond and/or a
   hybrid bond on 20 May 2026, AT&S Austria Technologie & Systemtechnik
   Aktiengesellschaft (“AT&S” or the “Company”) today resolved on the launch
   of a deeply subordinated perpetual convertible bond with an early
   redemption option for the Company (Hybrid Convertible Bond, the “Bond”).
   The Bond will be convertible into new and/or existing ordinary no-par
   value bearer shares of the Company (the “Shares”) for a limited time. At
   the same time, AT&S decided not to proceed with the issuance of the
   aforementioned hybrid bond.

    

   The Bond will be issued at par with a total nominal amount of € 400
   million at a denomination of € 100,000. The Bond will be offered by way of
   an accelerated bookbuilding process exclusively to institutional investors
   in certain jurisdictions outside the United States of America in reliance
   on Regulation S under the U.S. Securities Act of 1933, as amended via a
   private placement (the “Offering”). Subscription rights to the Bond for
   existing shareholders have been excluded on the basis of the report of the
   Company on the exclusion of subscription rights as of 20 May 2026 and the
   consent of the Company's Supervisory Board.

    

   The Bond will bear interest at their Principal Amount at the relevant Rate
   of Interest, payable semi-annually in arrear. The Rate of Interest will be
   a fixed rate between 2.500% to 3.000% per annum from the Issue Date
   (inclusive) to 23 June 2031 (the “First Reset Date”) (exclusive), and from
   the First Reset Date (inclusive), the relevant Reset Interest Rate per
   annum, calculated as the sum of (i) the applicable 5-year Mid-Swap Rate in
   Euro, and (ii) the margin of 1,000bps. The Company will have no obligation
   to pay interest if it elects to defer the relevant payment of interest in
   whole or in part. The initial conversion price is expected to be set at a
   premium between 25% to 30% above the reference share price which will be
   equal to the volume weighted average price of the Shares on the Vienna
   Stock Exchange today, 16 June 2026.

    

   The final terms of the Bond are expected to be determined later today, 16
   June 2026 and will be announced separately.

    

   The Company may redeem all, but not some only, of the Bond outstanding
   (i) on the First Reset Date or any subsequent Interest Payment Date,
   (ii) at any time on or after 27 August 2029 if the price of the Shares
   underlying the Bond is equal to or exceeds 150 per cent of the conversion
   price in effect over a certain period, (iii) for reasons of a Gross up
   Event, a Tax Event, or an Accounting Event, or (iv) if less than 25 per
   cent. of the aggregate principal amount of the Bond originally issued
   remains outstanding.

    

   The settlement of the Bond is expected to take place on or around 23 June
   2026 (the “Issue Date”). Application will be made for the Bond to be
   admitted to trading on the Vienna MTF of the Vienna Stock Exchange.

    

   AT&S intends to use the net proceeds from the issuance of the Bond for
   general corporate purposes, including the refinancing of existing
   indebtedness and to strengthen its capital base.

    

   As part of the Offering, the Company has agreed to a lock-up period ending
   90 calendar days after the Issue Date, subject to customary exemptions and
   waiver by the Joint Global Coordinators.

    

    

   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 [3]www.ats.net

    

   Media download:

   On the AT&S media portal [4]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; [email protected]

    

    

   Contact Investor Relations:

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

    

   AT&S Austria Technologie & Systemtechnik Aktiengesellschaft
   Fabriksgasse 13
   8700 Leoben / Austria

   [5]https://ats.net/ 

    

   Disclaimers

    

   This announcement and the information contained herein is restricted and
   may not be published, distributed or released, directly or indirectly, in
   the United States of America (including its territories and possessions),
   Australia, Canada, Japan, South Africa or any other jurisdiction where
   such publication, distribution or release would be unlawful. The
   publication, distribution or release of this announcement may be
   restricted by law in certain jurisdictions and persons who are in
   possession of this document or other information referred to herein should
   inform themselves about and observe any such restrictions. Further, this
   announcement is for information purposes only and is not an offer of, or a
   solicitation of an offer to purchase, sell or subscribe for, securities in
   any jurisdiction. Any failure to comply with these restrictions may
   constitute a violation of the securities laws of any such jurisdiction.

    

   The Bond offered or offered to be purchased, sold or subscribed for and
   the Shares to be delivered on conversion of the Bond will not be and have
   not been registered under the U.S. Securities Act of 1933, as amended (the
   "Securities Act") or with any securities regulatory authority of any state
   or other jurisdiction of the United States and may not be offered, sold,
   pledged, taken up, exercised, resold, renounced, transferred or delivered,
   directly or indirectly, in or into the United States, except pursuant to
   an exemption from, or in a transaction not subject to, the registration
   requirements of the Securities Act and in compliance with any applicable
   securities laws of any state or other jurisdiction of the United States.
   The securities referred to herein have not been approved, disapproved or
   recommended by the U.S. Securities and Exchange Commission, any state
   securities commission in the United States or any other U.S. regulatory
   authority, nor have any of the foregoing authorities passed upon or
   endorsed the merits of the offering of the securities referred to herein.
   No public offering of, or solicitation of an offer to purchase, sell or
   subscribe for, securities of the Company is being made in the United
   States or any such other jurisdiction.

    

   This document and the offer when made, in member states of the European
   Economic Area ("EEA") (each a "Member State") and the United Kingdom
   ("UK"), are only addressed to and directed at persons who are "qualified
   investors" as defined in Regulation (EU) 2017/1129 of the European
   Parliament and of the Council of 14 June 2017 on the prospectus to be
   published when securities are offered to the public or admitted to trading
   on a regulated market (the "Prospectus Regulation" or the Public Offers
   and Admissions to Trading Regulations 2024 ("POATRs") ("Qualified
   Investors"). Each person in a Member State or in the UK who initially
   acquires any Bond or to whom any offer of Bond may be made and, to the
   extent applicable, any funds on behalf of which such person is acquiring
   the Bond that are located in a Member State or in the UK will be deemed to
   have represented, acknowledged and agreed that it is a Qualified Investor.

    

   In addition, in the UK, this document is only being distributed to and is
   only directed at (i) persons who have professional experience in matters
   relating to investments falling within Article 19(5) of the Financial
   Services and Markets Act 2000 (Financial Promotion) order 2005, as amended
   (the "Order"), (ii) high net worth entities falling within Article 49(2)
   of the Order and (iii) persons at or to whom it can otherwise lawfully be
   distributed or directed (all such persons together being referred to as
   "relevant persons"). The Securities are only available to, and any
   invitation, offer or agreement to subscribe, purchase or otherwise acquire
   such Securities will be engaged in only with, relevant persons. Any person
   who is not a relevant person should not act or rely on this notification
   or any of its contents.

    

   Solely for the purposes of the manufacturer's product approval process,
   contained within: (a) EU Directive 2014/65/EU on markets in financial
   instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of commission
   delegated directive (EU) 2017/593 supplementing MiFID II; and (c) local
   implementing measures (together, the "MiFID II Product Governance
   Requirements"), and disclaiming all and any liability, whether arising in
   tort, contract or otherwise, which any "manufacturer" (for the purposes of
   the MiFID II Product Governance Requirements) may otherwise have with
   respect thereto, the target market assessment in respect of the Bond has
   led to the conclusion that: (i) the target market for the Bond is eligible
   counterparties and professional clients only, each as defined in MiFID II;
   and (ii) all channels for distribution of the Bond to eligible
   counterparties and professional clients are appropriate. Any person
   subsequently offering, selling or recommending the Bond (a "distributor")
   should take into consideration the manufacturer's target market
   assessment; however, a distributor subject to MiFID II is responsible for
   undertaking its own target market assessment in respect of the Bond (by
   either adopting or refining the manufacturer's target market assessment)
   and determining appropriate distribution channels.

    

   The target market assessment is without prejudice to the requirements of
   any contractual or legal selling restrictions in relation to any offering
   of the securities. For the avoidance of doubt, the target market
   assessment does not constitute: (a) an assessment of suitability or
   appropriateness for the purposes of MiFID II; or (b) a recommendation to
   any investor or group of investors to invest in, or purchase, or take any
   action whatsoever with respect to the Bond.

    

   The Bond is not intended to be offered, sold or otherwise made available
   to and should not be offered, sold or otherwise made available to any
   retail investor in the EEA. For these purposes, a retail investor means a
   person who is one (or more) of: (i) a retail client as defined in point
   (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of
   Directive (EU) 2016/97 (as amended, the "Insurance Distribution
   Directive"), where that customer would not qualify as a professional
   client as defined in point (10) of Article 4(1) of MiFID II. Consequently,
   no key information document required by Regulation (EU) 1286/2014 (as
   amended or superseded, the "PRIIPs Regulation") for offering or selling
   the Bond or otherwise making them available to retail investors in the EEA
   has been prepared and therefore offering or selling the Bond or otherwise
   making them available to any retail investor in the EEA may be unlawful
   under the PRIIPs Regulation.

    

   The Bond is not intended to be offered, sold, distributed or otherwise
   made available to and should not be offered, sold, distributed or
   otherwise made available to any retail investor in the UK. For these
   purposes, a retail investor means a person who is not a professional
   client, as defined in point (8) of Article 2(1) of Regulation (EU) No
   600/2014 as it forms part of domestic law by virtue of the European Union
   (Withdrawal) Act 2018 (the "EUWA"). Consequently, no disclosure document
   required by the FCA Product Disclosure Sourcebook ("DISC") for offering,
   selling or distributing the Bond or otherwise making them available to
   retail investors in the UK has been prepared and therefore offering,
   selling or distributing the Bond or otherwise making them available to any
   retail investor in the UK may be unlawful under DISC and the Consumer
   Composite Investments (Designated Activities) Regulations 2024.

    

   End of Inside Information

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   16-Jun-2026 CET/CEST News transmitted by [6]EQS Group

   View original content: [7]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: 2346620


    
   End of Announcement EQS News Service


   2346620  16-Jun-2026 CET/CEST

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