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Announcement Relating to the Final Settlement of the First Tranche of Shares Bought Back Pursuant to Dialog Semiconductor Plc's Authorised Share Buyback ProgrammeDialog Semiconductor (News - Alert) Plc reports that, pursuant to the share buyback programme announced by the Company on May 3, 2016, the Company has purchased the following ordinary shares in the Company from Barclays Bank PLC:
The first tranche of the share repurchase programme announced by the Company on May 3, 2016 has, as planned, been concluded. A cumulative total of 1,332,158 ordinary shares have been bought back, at an average price of EUR28.1498 per share, corresponding to 1.71% of the Company's ordinary share capital, at a total cost of EUR37,500,000. The Company obtained shareholder approval at its Annual General Meeting on April 28, 2016 to purchase, in aggregate, up to 7,786,595 of its ordinary shares (representing approximately 10% of the Company's ordinary share capital as at March 30, 2016). The Company therefore still has authority to purchase, in aggregate, a further 6,454,437 ordinary shares. There can be no certainty that any further ordinary shares will be acquired by the Company following the conclusion of the first tranche of its buyback programme. The Company will consider further repurchases of ordinary shares during the next open period. The Company will announce the purchase of any further tranche of ordinary shares if and when it determines to make any such further purchase. Details of any ordinary shares purchased by the Company are available on the Company's website at http://www.dialog-semiconductor.com/investor-relations/financial-news/share-buybacks Dialog and the Dialog logo are registered trademarks of Dialog Semiconductor Plc or its subsidiaries. All other product or service names are the property of their respective owners. (c) Copyright 2016 Dialog Semiconductor All Rights Reserved About Dialog Semiconductor Dialog Semiconductor provides highly integrated standard (ASSP) and custom (ASIC) mixed-signal integrated circuits (ICs), optimized for smartphone, computing, IoT, LED Solid State Lighting (SSL) and smart home applications. Dialog brings decades of experience to the rapid development of ICs while providing flexible and dynamic support, world-class innovation and the assurance of dealing with an established business partner. With world-class manufacturing partners, Dialog operates a fabless business model and is a socially responsible employer pursuing many programs to benefit the employees, community, other stakeholders and the environment we operate in. Dialog's power saving technologies including DC-DC configurable system power management deliver high efficiency and enhance the consumer's user experience by extending battery lifetime and enabling faster charging of their portable devices. Its technology portfolio also includes audio, Bluetooth(R) low energy, Rapid Charge(TM) AC/DC power conversion and multi- touch. Dialog Semiconductor plc is headquartered in London with a global sales, R&D and marketing organization. In 2015, it had approximately $1.35 billion in revenue and was one of the fastest growing European public semiconductor companies. It currently has approximately 1,660 employees worldwide. The company is listed on the Frankfurt (FWB: DLG) stock exchange (Regulated Market, Prime Standard, ISIN GB0059822006) and is a member of the German TecDax index.
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