DGAP-Adhoc: Dialog Semiconductor Plc.: Dialog announces commencement of the process for the second tranche of shares to be bought back pursuant to its share buyback programme authorised by shareholders at the annual general meeting on 2 May 2019.

DGAP-Ad-hoc: Dialog Semiconductor Plc. / Key word(s): Share Buyback 
Dialog Semiconductor announces commencement of the process for the second 
tranche of shares to be bought back pursuant to its share buyback programme 
authorised by shareholders at the annual general meeting on 2 May 2019. 
 
03-March-2020 / 23:41 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Ad-hoc announcement in accordance with Article 17 of Regulation (EU) No 
596/2014 of the European Parliament and the Council of 16 April 2014.* 
 
London, UK, 3 March 2020 - Today the board of directors of Dialog 
Semiconductor Plc (XETRA: DLG) (the *Company*), a provider of highly 
integrated power management, AC/DC power conversion, solid state lighting 
and Bluetooth(R) low energy wireless technology, has resolved to commence 
the process to buy back a second tranche of shares in accordance with the 
shareholder approvals granted at the Company's Annual General Meeting 
(*AGM*) on 2 May 2019 relating to the share buyback programme (the *2019 
Buyback Programme*). 
 
The Company will give notice in writing to each of Barclays Bank PLC, 
Goldman Sachs International, HSBC Bank plc and Merrill Lynch International 
(together the *Brokers*) that it wishes to exercise its rights to purchase 
shares pursuant to the contingent forward share purchase contracts entered 
into with each of the Brokers on or around the date of the AGM, specifying 
the terms on which the Company is willing to purchase shares from the Broker 
that provides the most favourable pricing terms to the Company (the 
*Preferred Broker*). 
 
These terms include: 
 
- the maximum total cost of the shares to be purchased by the Company from 
the Preferred Broker under the second tranche of the 2019 Buyback Programme 
shall be &euro90.0 million and the minimum total cost shall be &euro70.0 
million; and 
 
- the maximum maturity date for the second tranche of the 2019 Buyback 
Programme shall be 24 September 2020 and the minimum maturity date shall be 
14 August 2020. 
 
Based on the assumption that the average price at which ordinary shares will 
be acquired by the Company is &euro31.07 per share, this would enable the 
Company to acquire up to approximately 2.9 million ordinary shares pursuant 
to the second tranche of the 2019 Buyback Programme. 
 
Once appointed, the Preferred Broker shall, acting independently as 
principal (without influence from the Company), purchase Certified Interests 
(*CIs*) in the Company on the Frankfurt Stock Exchange and, after acquiring 
the corresponding number of ordinary shares in the Company from Clearstream 
Banking AG, which is the registered shareholder for the shares underlying 
the CIs, shall sell these ordinary shares to the Company on certain 
settlement dates in accordance with the terms above and the contingent 
forward share purchase agreement with the Preferred Broker. 
 
Further details relating to the second tranche of the 2019 Buyback 
Programme, including details of the Preferred Broker, shall be announced 
separately before the purchase of the second tranche of shares commences. 
The Company will regularly provide information on the progress of the 
buyback, including the number of ordinary shares purchased by the Company, 
on its website at 
https://www.dialog-semiconductor.com/investor-relations/financial-news/share 
-buybacks. 
 
No more than one tranche of shares will be bought back at any one time by 
the Company and there can be no certainty that any further ordinary shares 
will be acquired by the Company following the conclusion of the second 
tranche of the 2019 Buyback Programme. 
 
Contact: 
Jose Cano 
Director, Investor Relations 
[e-mail] 
[phone] 
Information and Explanation of the Issuer to this News: 
 
*For further information please contact: * 
 
*Dialog Semiconductor* 
*Jose Cano * 
Head of Investor Relations 
T: [phone] 
[e-mail] 
 
*FTI Consulting* *London* 
Matt Dixon 
T: [phone] 
[e-mail] 
*FTI Consulting Frankfurt* 
Anja Meusel 
T: [phone] 
[e-mail] 
*About Dialog Semiconductor* 
Dialog Semiconductor is a leading provider of integrated circuits (ICs) that 
power mobile devices and the Internet of Things. Dialog solutions are 
integral to some of today's leading mobile devices and the enabling element 
for increasing performance and productivity on the go. From making 
smartphones more power efficient and shortening charging times, enabling 
home appliances to be controlled from anywhere, to connecting the next 
generation of wearable devices, Dialog's decades of experience and 
world-class innovation help manufacturers get to what's next. 
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 Semiconductor plc is 
headquartered in London with a global sales, R&D and marketing organization. 
In 2019, it had approximately $1.42 billion in revenue. It currently has 
approximately 2,000 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 MDAX and TecDax indices. For 
more information, visit www.dialog-semiconductor.com [1]. 
*Forward Looking Statements* 
This press release contains 'forward-looking statements' that reflect 
management's current views with respect to future events. The words 
'anticipate,' 'believe,' 'estimate', 'expect,' 'intend,' 'may,' 'plan,' 
'project' and 'should' and similar expressions identify forward-looking 
statements. Such statements are subject to risks and uncertainties, 
including, but not limited to: an economic downturn in the semiconductor and 
telecommunications markets; changes in currency exchange rates and interest 
rates, the timing of customer orders and manufacturing lead times, 
insufficient, excess or obsolete inventory, the impact of competing products 
and their pricing, political risks in the countries in which we operate or 
sale and supply constraints. If any of these or other risks and 
uncertainties occur (some of which are described under the heading 'Managing 
risk and uncertainty' in Dialog Semiconductor's most recent Annual Report) 
or if the assumptions underlying any of these statements prove incorrect, 
then actual results may be materially different from those expressed or 
implied by such statements. We do not intend or assume any obligation to 
update any forward-looking statement which speaks only as of the date on 
which it is made, however, any subsequent statement will supersede any 
previous statement. 
 
03-March-2020 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Dialog Semiconductor Plc. 
             Tower Bridge House, St. Katharine's Way 
             E1W 1AA London 
             United Kingdom 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.dialog-semiconductor.com 
ISIN:        GB0059822006 
WKN:         927200 
Indices:     MDAX, TecDAX 
Listed:      Regulated Market in Frankfurt (Prime Standard); Regulated 
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, 
             Munich, Stuttgart, Tradegate Exchange 
EQS News ID: 989091 
 
End of Announcement DGAP News Service 
 
989091 03-March-2020 CET/CEST 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=05a2d53650825c5d0ec657805ab88da2&application_id=989091&site_id=vwd&application_name=news 
 

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March 03, 2020 17:41 ET (22:41 GMT)