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29 Nov 2017

BE Semiconductor Industries N.V. Announces Increase in Offering Size and Final Placement of € 175 Million Senior Unsecured Convertible Bonds

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE PROHIBITED BY APPLICABLE LAW.

Duiven, the Netherlands, November 29, 2017 - BE Semiconductor Industries N.V. (the "Company" or "Besi") (Euronext Amsterdam: BESI; OTC: BESIY - Nasdaq International Designation) announces today the successful pricing of its offering (the "Offering") of € 175 million senior unsecured convertible bonds due 2024 (the "Bonds"). The final size was increased from a base size of € 125 million to € 175 million in light of strong investor demand.

The net proceeds of the offering will be used to continue the development of next generation advanced packaging technologies and to further expand the Company's Asian manufacturing operations. In addition, the balance of the net proceeds may be used for general corporate purposes including acquisitions and share buybacks.

The Bonds will be convertible into Besi ordinary shares (the "Shares") and will carry a coupon of 0.50% per annum, payable semi-annually on June 6 and December 6 each year, and an initial conversion price of € 99.74 representing a premium of 40% over the volume weighted average price of the Shares quoted on Euronext Amsterdam between opening of trading today and pricing of the Offering.

The Bonds will be issued at 100% of their principal amount. Unless previously redeemed, converted or purchased and cancelled, the Bonds will be redeemed at their principal amount on December 6, 2024. Upon exercise of their conversion rights, holders will receive Shares, as determined by the then prevailing conversion price. The Company will have the option to redeem all but not some of the outstanding Bonds at their principal amount plus accrued interest at any time from December 27, 2021, if the value of the Shares underlying a Bond exceeds € 130,000 for a specified period of time. The Shares underlying the Bonds correspond to approximately 4.4% of the Company's issued share capital.

The Bonds will be issued on December 6, 2017 (the "Issue Date"). Application is expected to be made for the Bonds to be admitted for trading on the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange no later than 30 days after the Issue Date.

Morgan Stanley & Co. International plc acted as Sole Global Coordinator and Sole Bookrunner on the Offering.

To read the full version of this press release, please download the PDF file.

Contact Us

Investor Relations Besi

Tel: +31 26 319 4500

investor.relations@remove-mebesi.com

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