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Form SC TO-C AIXTRON SE Filed by: Grand Chip Investment GmbH

May 23, 2016 5:06 PM EDT

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE TO

 

(Rule 14d-100)

 

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

AIXTRON SE

(Name of Subject Company (Issuer))

 

Grand Chip Investment GmbH

(Names of Filing Persons (Offeror))

 

Ordinary Shares, nominal value €1 per share

American Depositary Shares

(each representing one Ordinary Share)

(Title of Class of Securities)

 

D0257Y135 (Ordinary Shares)

009606104 (American Depositary Shares)

(CUSIP Number of Class of Securities)

 

Mr. Zhendong Liu

Fujian Grand Chip Investment Fund LP

Room 1201, 12/F, IFC Building

82# Zhanhong Road, Xiamen, China

Telephone:  +86 592 5204789

(Name, address, and telephone numbers of person authorized to receive notices and communications on
behalf of filing persons)

 

Copies to:

 

Scott R. Saks

Paul Hastings LLP
200 Park Ave
New York, NY 10166
(212) 318-6000

 

CALCULATION OF FILING FEE

 

Transaction Valuation

 

Amount of Filing Fee

Not applicable*

 

Not applicable*

 


* In accordance with General Instruction D to Schedule TO, no filing fee is required because this filing contains only preliminary communications made before the commencement of a tender offer.

 

o                                    Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

 

Amount Previously Paid:

N/A

Filing Party:

N/A

Form of Registration No.:

N/A

Date Filed:

N/A

 

x            Check the box if the filing relates solely to preliminary communications made before the commencement of the tender offer.

 

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

x                                  third party tender offer subject to Rule 14d-1

 

o                                    issuer tender offer subject to Rule 13e-4

 

o                                    going private transaction subject to Rule 13e-3

 

o                                    amendment to Schedule 13D under Rule 13d-2

 

Check the following box if the filing is a final amendment reporting the results of the tender offer: ¨

 

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

o                                    Rule 13e-4(i) (Cross-Border Issuer Tender Offer)

 

x                                  Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 



 

This filing on Schedule TO relates to a planned voluntary public takeover offer by Grand Chip Investment GmbH, a German limited liability company (“GCI”), to purchase all of the outstanding ordinary shares, no par value (“Ordinary Shares”), of AIXTRON SE, a Societas Europaea with its corporate seat in Aachen, Germany (“AIXTRON”), including all Ordinary Shares represented by American depository shares (“ADSs”), to be commenced pursuant to a Business Combination Agreement, dated as of May 23, 2016, between AIXTRON, AIXTRON China Ltd., GCI, Fujian Grand Chip Investment Fund LP, GCI’s indirect parent company (“FGC”), and, Mr. Zhendong Liu, FGC’s Managing Partner.  This filing relates solely to preliminary communications made before the commencement of the takeover offer.

 

This filing is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding Ordinary Shares (including Ordinary Shares represented by ADSs) has not commenced. The terms and conditions of the takeover offer will be published in, and the solicitation and offer to purchase Ordinary Shares (including Ordinary Shares represented by ADSs) will be made only pursuant to the offer document and related offer materials prepared by GCI and as approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). Once GCI has obtained the necessary permission from BaFin, the offer document and related offer materials will be published and also filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Tender Offer Statement on Schedule TO at the time the takeover offer is commenced.  AIXTRON intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the takeover offer.

 

The Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) and the Solicitation/Recommendation Statement, as they may be amended from time to time will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not the documents contained in this filing, will govern the terms and conditions of the takeover offer.  Those materials and other documents filed by GCI or AIXTRON with the SEC will be available at no charge on the SEC’s web site at www.sec.gov.  In addition, GCI’s Tender Offer Statement and other documents it will file with the SEC will be available at www.grandchip-aixtron.com.

 

Exhibit Index

 

99.1                        Joint Press Release of AIXTRON and GCI, dated May 23, 2016

 

99.2                        Investor Presentation, dated May 23, 2016

 

99.3                        Transaction Fact Sheet

 

99.4                        Transaction Website

 

99.5                        Questions and Answers about the Transaction

 

99.6                        Announcement Required under German Law

 

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Exhibit 99.1

 

 

GCI to launch offer for AIXTRON SE

 

·                  Chinese investor Fujian Grand Chip Investment Fund LP (FGC) will launch a voluntary public takeover offer through its indirect German subsidiary Grand Chip Investment GmbH (GCI) for AIXTRON(1) SE

 

·                  Voluntary public takeover offer will be for all of AIXTRON’s outstanding shares - including shares represented by American depository shares (“ADS”)

 

·                  Shareholders will be offered 6.00 Euros in cash per AIXTRON share valuing AIXTRON at approximately 670 million Euros

 

·                  The offer reflects a 50.7% premium to three month volume weighted average share price prior to announcement

 

·                  AIXTRON and FGC view the transaction as an opportunity to grow and to expand the company and its workforce - the transaction is not directed towards cost or staff reductions

 

·                  R&D competency & technologies will be maintained at AIXTRON’s existing technology centers

 

·                  AIXTRON shall further strengthen its technology and IP portfolio, which shall remain vested with AIXTRON

 

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany

 

·                  Executive and Supervisory Board support the transaction

 

·                  AIXTRON’s customers will benefit from further enhancement of strong product portfolio and customer support

 


(1)                In this document, unless the context otherwise requires, references to “AIXTRON”, “the AIXTRON Group”, the “Group” or “the Company” are to AIXTRON SE and its consolidated subsidiaries. References to “Management” are to the Executive Board of AIXTRON SE.

 

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Herzogenrath, May 23, 2016 — AIXTRON SE (FSE: AIXA; NASDAQ: AIXG) and the Fujian Grand Chip Investment Fund LP (“FGC”) today announced that AIXTRON SE (“AIXTRON”) and Grand Chip Investment GmbH (“GCI”), a 100% indirect subsidiary of FGC, have entered into an agreement. FGC is a Chinese investment fund which is controlled and managed by Mr. Zhendong Liu (“Mr. Liu”), FGC’s Managing Partner. Mr. Liu is a Chinese businessman and private investor.

 

Pursuant to the agreement, GCI will launch a voluntary public takeover offer to acquire all of the outstanding ordinary shares, including all ordinary shares represented by AIXTRON ADS. Under the terms of the agreement, AIXTRON shareholders will be offered 6.00 Euros in cash per each ordinary share. The transaction values AIXTRON’s equity, including net cash, at approximately 670 million Euros and reflects a 50.7% premium to the three-month volume weighted average share price prior to announcement.

 

This transaction will support the long-term future of AIXTRON. In a rapidly changing market environment, the transaction provides the opportunity for AIXTRON to continue its investment in its R&D portfolio to enable future growth across AIXTRON’s technology areas.

 

The transaction will support AIXTRON’s long-term R&D activities to bring new products and technologies to market, support the execution of AIXTRON’s current strategy and technology roadmaps and improve AIXTRON’s ability to compete and grow in China.

 

Executive and Supervisory Board support the transaction. “We fully support this transaction as it provides immediate value to our shareholders while also enabling AIXTRON to bring their new products to market. With FGC we have found a partner that will provide local market insights to support our business objectives in Asia,” said Kim Schindelhauer, Chairman of the Supervisory Board of AIXTRON.

 

“The transaction allows us to address our short term challenges, and to strengthen our long-term future prospects by enabling us to execute on our roadmaps across all our technology areas,” said Martin Goetzeler, Chief Executive Officer of AIXTRON. “The transaction also is great news for our employees. It will provide us with a long-term horizon to promote the further development of new products, and we will need the best talent to do so. In addition, our customers will benefit from stronger support and execution of their roadmaps”, he adds. Both AIXTRON and FGC view the transaction as an opportunity to grow and expand the Company and its workforce and have agreed that the transaction is not directed towards cost or staff reductions.

 

FGC to support AIXTRON’s strategy

 

“Through this transaction we will support AIXTRON in gaining stronger access to the Chinese market and establishing AIXTRON as a local provider amongst Chinese partners. We are committed to support the necessary investments for AIXTRON and to enhance its product portfolio. We share the vision to further develop AIXTRON to become one of the top players in the semiconductor industry. AIXTRON is a cornerstone in our overall investment strategy”,

 

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said Mr. Liu, Managing Partner of FGC. “This transaction is a good deal for everyone. Enabling future growth for AIXTRON will lead to a strengthening of the employee base. Customers will continue to be provided with the excellent standard in quality that AIXTRON is known for as well as state of the art new technologies and products,” he adds.

 

FGC intends to support AIXTRON’s strategy going forward. AIXTRON’s legal domicile, headquarters will remain in Herzogenrath, Germany. R&D competency and AIXTRON’s existing technology will be maintained at the existing technology centers. FGC has also agreed that AIXTRON shall further strengthen its technology and IP Portfolio, which shall remain vested with AIXTRON, including in Germany. AIXTRON’s existing global set up will be maintained and expanded with AIXTRON’s three technology hubs in Herzogenrath (Germany), Cambridge (UK) and Sunnyvale (USA) leveraging their close proximity to leading high tech eco-systems and the core markets for its technology. Further international technology hubs may be established.

 

Management remains in place and governance continuity is ensured

 

Martin Goetzeler is to remain CEO of AIXTRON and Dr. Bernd Schulte is to remain in his function as COO. The Management Board will be fully supported by FGC in the continuous execution of AIXTRON’s strategy and business plan.

 

AIXTRON’s Supervisory Board shall continue to consist of six members.

 

Transaction Structure

 

The transaction will be implemented through a voluntary public takeover offer of GCI for all outstanding ordinary shares of AIXTRON, including all shares of AIXTRON represented by AIXTRON ADS.

 

GCI expects the offer to commence in July 2016 after approval of the offer document by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungs-aufsicht / BaFin). The offer will be subject to certain conditions precedent, including regulatory approvals and a minimum acceptance threshold of 60% of all of AIXTRON’s issued shares, including shares represented by ADS.

 

Closing is expected in the second half of 2016.

 

Financing Structure of the Transaction

 

Approximately RMB 1.7 billion, equal to approx. EUR 231 million(2), of equity financing will be provided by FGC. The remainder of the transaction is to be financed by debt facilities.

 


(2)         According to the following conversion rate which was published by ECB on May 20. 2016 at 15:00 CET: EUR 1 = RMB 7.3456.

 

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Advisors

 

J.P. Morgan is acting as financial advisor to AIXTRON, and White & Case LLP is serving as legal advisor, to AIXTRON. Buttonwood Finance Ltd. is acting as investment advisor and Deutsche Bank is acting as financial advisor to FGC, and Paul Hastings LLP and Glade Michel Wirtz are serving as legal advisors to FGC.

 

Retail investor information

 

Any AIXTRON shareholder who has questions pertaining to this announcement can call 00 800 3917 3917 or +49 89 30 90 3290 for more information on the offer. Further information on the transaction can be found on www.grandchip-aixtron.com.

 

Details for German Press Call

 

AIXTRON will present the transaction on a media call taking place at 10:00 a.m. CEST. The media call will take place in German. Both the presentation and access to the call are available via AIXTRON’s website at www.aixtron.com. The conference call will last approximately one hour. Participants can dial in 10 minutes prior to the session. Details for the call are as follows:

 

+49 69 247471831

 

Germany

 

 

 

+1 212 4440297

 

United States

 

AIXTRON Analyst and Investor Call Details

 

AIXTRON will hold an analyst and investor conference call to present the transaction today at 3:00 p.m. CEST. Both the presentation and access to the call are available via AIXTRON’s website at www.aixtron.com. The conference call will last approximately one hour. Participants can dial in 10 minutes prior to the session. Details for the call are as follows:

 

+49 69 247501899

 

Germany

 

 

 

+1 212 4440297

 

United States

 

CONTACTS

 

Investor Relations

 

Guido Pickert

+49 2407 9030 444

[email protected]

 

Media Relations

 

Dr. Marc Langendorf, Brunswick Group

+49 89 80 99 025 17

[email protected]

 

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About AIXTRON

 

AIXTRON is a leading provider of deposition equipment to the semiconductor industry. AIXTRON was founded in 1983 and is headquartered in Herzogenrath (near Aachen), Germany, with subsidiaries and sales offices in Asia, United States and in Europe. Aixtron’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in a broad range of innovative applications, technologies and industries. These include LED applications, display technologies, data storage, data transmission, energy management and conversion, communication, signalling and lighting as well as a range of other leading-edge technologies.

 

For further information on AIXTRON (FSE: AIXA, ISIN DE000A0WMPJ6; NASDAQ: AIXG, ISIN US0096061041) please visit our website at: www.aixtron.com.

 

About FGC

 

FGC is an investment fund which is controlled and managed by Zhendong  Liu, a Chinese businessman and private investor. FGC is owned to 51% by Mr. Liu and to 49% by Xiamen Bohao Investment Ltd., an investment entity indirectly controlled by Chinese private investors Mr. Zhongyao Wang and Mr. Wanming Huang.

 

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Additional information

 

This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding ordinary shares (including ordinary shares represented by American depositary shares) of AIXTRON SE has not commenced. The terms and conditions of the takeover offer will be published in, and the solicitation and offer to purchase ordinary shares (including ordinary shares represented by American depositary shares) will be made only pursuant to the offer document and related offer materials prepared by Grand Chip Investment GmbH and as approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). Once Grand Chip Investment GmbH has obtained the necessary permission from BaFin, the offer document and related offer materials will be published in Germany and also filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Tender Offer Statement on Schedule TO at the time the takeover offer is commenced. AIXTRON SE intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the takeover offer; in addition, AIXTRON SE’s Management Board and Supervisory Board will publish a statement pursuant to Sec. 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG). The offer document for the takeover offer (in German and in English) containing the detailed terms and conditions of, and other information relating to, the takeover offer will, among other things, be published on the internet at www.grandchip-aixtron.com.

 

Acceptance of the takeover offer by shareholders that are resident outside Germany and the United States may be subject to further legal requirements. With respect to the acceptance of the takeover offer outside Germany and the United States, no responsibility is assumed for the compliance with such legal requirements applicable in the respective jurisdiction.

 

The Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) and the Solicitation/Recommendation Statement, as they may be amended from time to time, as well as the Management and Supervisory Board’s statement pursuant to Sec. 27 WpÜG will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not this document, will govern the terms and conditions of the takeover offer.  Those materials and other documents filed by Grand Chip Investment GmbH or AIXTRON SE with the SEC will be available at no charge on the SEC’s web site at www.sec.gov.  In addition, Grand Chip Investment GmbH’s Tender Offer Statement and other documents it will file with the SEC will be available at www.grandchip-aixtron.com.

 

In this document, unless the context otherwise requires, references to “AIXTRON”, “the AIXTRON Group”, the “Group” or “the Company” are to AIXTRON SE and its consolidated subsidiaries. References to “Management” are to the Executive Board of AIXTRON SE.

 

Cautionary statement regarding forward-looking statements

 

This document contains forward-looking statements, including statements regarding the expected consummation of the proposed transaction and AIXTRON SE’s future performance, which involves a number of risks and uncertainties, including the satisfaction of closing

 

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conditions for the transaction, the possibility that the transaction will not be completed, the failure to retain key AIXTRON SE employees, customers and partners, uncertainty regarding the anticipated benefits of the transaction and the failure of the parties to achieve anticipated goals of the transaction, and other risks and uncertainties discussed in AIXTRON SE’s public filings with the SEC, including the “Risk Factors” section of AIXTRON SE’s Form 20-F filed on February 23, 2016, as well as the offer document to be filed by Grand Chip Investment GmbH, the Solicitation/Recommendation Statement to be filed by AIXTRON SE and the statement pursuant to Sec. 27 WpÜG to be published by AIXTRON SE’s Management and Supervisory Board.  These documents and statement are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of AIXTRON SE and Grand Chip Investment GmbH, that may cause results, levels of activity, performance or achievements to be materially different from any future statements.  These statements are generally identified by words or phrases such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”, “should”, “estimate”, “predict”, “potential”, “continue” or the negative of such terms or other similar expressions.  If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements.  AIXTRON SE undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

 

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Exhibit 99.2

GCI to launch offer for AIXTRON SE Partnership for Growth May 23, 2016

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Disclaimer Additional information This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding ordinary shares (including ordinary shares represented by American depositary shares) of AIXTRON SE has not commenced. The terms and conditions of the takeover offer will be published in, and the solicitation and offer to purchase ordinary shares (including ordinary shares represented by American depositary shares) will be made only pursuant to the offer document and related offer materials prepared by Grand Chip Investment GmbH and as approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). Once Grand Chip Investment GmbH has obtained the necessary permission from BaFin, the offer document and related offer materials will be published in Germany and also filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Tender Offer Statement on Schedule TO at the time the takeover offer is commenced. AIXTRON SE intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the takeover offer; in addition, AIXTRON SE’s Management Board and Supervisory Board will publish a statement pursuant to Sec. 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG). The offer document for the takeover offer (in German and in English) containing the detailed terms and conditions of, and other information relating to, the takeover offer will, among other things, be published on the internet at www.grandchip-aixtron.com. Acceptance of the takeover offer by shareholders that are resident outside Germany and the United States may be subject to further legal requirements. With respect to the acceptance of the takeover offer outside Germany and the United States, no responsibility is assumed for the compliance with such legal requirements applicable in the respective jurisdiction. The Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) and the Solicitation/ Recommendation Statement, as they may be amended from time to time, as well as the Management and Supervisory Board’s statement pursuant to Sec. 27 WpÜG will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not this document, will govern the terms and conditions of the takeover offer. Those materials and other documents filed by Grand Chip Investment GmbH or AIXTRON SE with the SEC will be available at no charge on the SEC’s web site at www.sec.gov. In addition, Grand Chip Investment GmbH’s Tender Offer Statement and other documents it will file with the SEC will be available at www.grandchip-aixtron.com. In this presentation, unless the context otherwise requires, references to ‘‘AIXTRON”, “the AIXTRON Group’’, the ‘‘Group’’ or ‘‘the Company’’ are to AIXTRON SE and its consolidated subsidiaries. References to ‘‘Management’’ are to the Executive Board of AIXTRON SE. Cautionary statement regarding forward-looking statements This document contains forward-looking statements, including statements regarding the expected consummation of the proposed transaction and AIXTRON SE’s future performance, which involves a number of risks and uncertainties, including the satisfaction of closing conditions for the transaction, the possibility that the transaction will not be completed, the failure to retain key AIXTRON SE employees, customers and partners, uncertainty regarding the anticipated benefits of the transaction and the failure of the parties to achieve anticipated goals of the transaction, and other risks and uncertainties discussed in AIXTRON SE’s public filings with the SEC, including the “Risk Factors” section of AIXTRON SE’s Form 20-F filed on February 23, 2016, as well as the offer document to be filed by Grand Chip Investment GmbH, the Solicitation/Recommendation Statement to be filed by AIXTRON SE and the statement pursuant to Sec. 27 WpÜG to be published by AIXTRON SE’s Management and Supervisory Board. These documents and statement are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of AIXTRON SE and Grand Chip Investment GmbH, that may cause results, levels of activity, performance or achievements to be materially different from any future statements. These statements are generally identified by words or phrases such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”, “should”, “estimate”, “predict”, “potential”, “continue” or the negative of such terms or other similar expressions. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements. AIXTRON SE undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

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Transaction overview Consideration 1) According to the following conversion rate which was published by ECB on May 20. 2016 at 15:00 CET: EUR 1 = RMB 7.3456 3 Pursuant to the agreement, Grand Chip Investment (GCI) will launch a voluntary public takeover offer to acquire all outstanding ordinary shares, including all ordinary shares represented by AIXTRON ADS: AIXTRON shareholders will be offered 6.00 Euros in cash per each ordinary share 50.7% premium to three month volume weighted average share price prior to announcement Total transaction value of approximately € 670m implying an enterprise value of € 488m: Values AIXTRON at 2.5x EV / sales 2015 Offer Process Voluntary public takeover offer to all of AIXTRON‘s shareholders. Takeover offer expected to commence in July 2016. Closing expected second half of 2016. Offer subject to conditions precedent, including regulatory approvals and a minimum acceptance threshold of 60% of all AIXTRON’s issued shares, including shares represented by ADS. Financing Structure Approximately RMB 1.7 billion, equal to approx. €231 million1, of equity financing will be provided by Fujian Grand Chip Investment Fund LP (FGC). The remainder of the transaction is to be financed by debt facilities. Support The Executive Board and Supervisory Board of AIXTRON welcome and support the strategic benefits of the transaction: Executive Board and Supervisory Board intend to recommend the offer Executive Board and Supervisory Board members intend to tender their shares Certain Contractual Provisions FGC will support AIXTRON’s strategy going forward to drive R&D, to promote the further development of new products and to enhance the portfolio. R&D competency & technologies will be maintained at the existing technology hubs in Germany, the UK and the U.S. AIXTRON shall further strengthen its technology and IP Portfolio, which will remain vested with AIXTRON, including in Germany. AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany. Transaction is not directed towards cost and staff reductions.

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An attractive offer securing the future of AIXTRON by enabling sustainable and profitable growth Transaction provides the opportunity for improved access to growth markets This transaction will: Provide the opportunity to better access growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems. Provide the opportunity to enhance AIXTRON’s development in changing market conditions to secure its current employee base. Support AIXTRON’s long-term R&D activities to further develop new products and technologies. Support the execution of AIXTRON’s current strategy and technology roadmaps in line with the business plan in order to best serve its customers. Improve AIXTRON’s ability to compete and grow in emerging markets, particularly in China. Dynamic market developments are creating significant challenges for small and mid size equipment manufacturers but can also create new business opportunities 4

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Market in the semiconductor equipment sector changing significantly 5 Technological breakthroughs are speeding up 1 Technology innovation and disruptive cycles requiring timely execution from R&D into high-volume manufacturing environment. 2 R&D investments will continue to rise Increasing number of materials and disruptive device architectures result in increasing R&D spending needs. 3 Semiconductor related industries merging Larger end-markets, larger balance sheet industry players, need for increased system capabilities, shorter product cycles and stronger R&D focus. Emerging markets to drive growth in the industry 5 Local sourcing requirements and Chinese market intelligence key to addressing emerging growth markets. Business models are converging 4 New product development and manufacturing is driven by strategic customer-supplier relationship rather than cost down engineering focus.

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Significant upfront investment required to bring new products to market. Ability to sustain development while new products come to market. Access to investment capital 6 Diversification Diversification is key to reduce risk from adverse technology cycles / single product failure. Diversification requires scale and resources to successfully develop new products. Balanced product portfolio requires cash generation vs. growth. Scale matters Critical mass: scale and customer track record required to succeed in increasingly competitive environment. Industry increasingly consolidating. Shift to emerging markets (technologies/regions) Access to emerging markets is crucial due to the shift of semiconductor companies conducting more and more business in Asia and, in particular, China. creating challenges for small-to-medium sized players

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Full commercialization of broad product portfolio require further investments 7 MOCVD TFOS CNT/Graphene ALD for Memory (1 Customer*) MOCVD-Opto MOCVD PE OLED Deposition Development stage Pilot stage High-volume stage Upfront investments needed for R&D and in demo phase Mean duration: 3-5 years Small scale revenue in the pilot stage Investments in final process and device qualification Mean duration: 1-3 years AIXTRON‘s current revenue drivers in high-volume stage CIP** investments towards higher production efficiencies *2 other customers in development / pilot stage **Continuous Improvement Process

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 which would be facilitated through increased market access by FGC 8 Significant investments required in technology and engineering capacities enabling high-volume manufacturing and developing the product mix focusing on higher and more profitable growth markets to tap the full growth potential within AIXTRON’s technology areas. 2015* *Pie charts show the estimated size of AIXTRON’s addressable market 2015 and 2020 (SAM by technology group) 2020* MOCVD-Opto OLED Deposition MOCVD PE ALD Memory MOCVD TFOS Carbon 0% 20% 40% 60% 80% 100% 120% 140% 160% ALD Memory MOCVD-Opto OLED Deposition MOCVD PE CNT/Graphene MOCVD TFOS 5 Year Market CAGR in % 49% 24% 8% 18 % 1% 22% 31% 16% 6% 20% 5%

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Capital-intensive future technologies require a strong partner at the side of AIXTRON 9 Equipment Equipment Process and Integration Layer Qualification Process and Integration Upfront investment requirements MOCVD-Opto MOCVD PE OLED Deposition MOCVD TFOS and ALD Memory Process and Integration Film Qualification Equipment Equipment Complexity: Higher upfront investments due to more complex customer requirements (R&D, Capex and Working Capital). Efficiency: Customers require a better integration into their existing system landscape and their processes.

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The transaction provides the opportunity to grow in China with regional support 10 Source: PwC / Gartner /Others Key parties involved Fujian Grand Chip Investment Fund LP (FGC) is a Chinese investment fund which is controlled and managed by Mr. Zhendong Liu, FGC’s Managing Partner. Mr. Liu is a Chinese businessman and private investor. Grand Chip Investment GmbH (GCI) is a 100% indirect subsidiary of FGC and has entered into an agreement with AIXTRON. Approximately RMB 1.7 billion of equity financing will be provided by FGC. The remainder of the transaction is to be financed by debt facilities. Continued growth in the Chinese integrated circuit (IC) industry expected: Each year China consumes more than half of the worldwide semiconductors. Worldwide the semiconductor market grew at a around ~3% per year (CAGR). During that same period China's much smaller semiconductor industry revenue grew at over ~20% (CAGR). Continuous growth in number and size of Chinese semiconductor manufacturers is apparent. Trend is expected to continue.

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11 Australia: 1 Sweden: 1 Austria: 1 Belgium: 3 Netherlands: 1 Poland: 2 Switzerland & Italy: 3 China: 8 Slovakia: 1 Japan: 4 UK: 3 Scotland: 1 Russia: 1 India: 1 France: 3 Taiwan: 7 USA: 25 Germany: 12 South Korea: 8 Over 50 research cooperations worldwide: Academic R&D Industrial R&D* Three own R&D hubs in Herzogenrath, Cambridge and Sunnyvale Continuation of AIXTRON‘s strong research cooperations with prestigious universities and industrial customers. The existing strong R&D network will be maintained 23 2 4 1 2 3 3 12 1 2 1 1 1 8 2 6 3 1 6 1 1 1 *include multiple programs at specific customers

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12 FGC contractually confirms Current Executive Board of AIXTRON remains in place with full support of FGC. R&D competency, as well as AIXTRON’s existing technologies will be maintained at the existing technology centers. AIXTRON shall further strengthen its technology and IP Portfolio, which will remain vested with AIXTRON, including in Germany. AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany. FGC will maintain and expand the existing global set up with three leading technology hubs in Germany, United Kingdom and the United States leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology. Further international technology hubs may be established. Both AIXTRON and FGC view the transaction as an opportunity to grow and expand AIXTRON’s workforce and have agreed that the transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s employees. AIXTRON’s Supervisory Board shall continue to consist of six members.

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13 Transaction effects on AIXTRON’s employees R&D competency, as well as AIXTRON’s existing technologies will be maintained at the existing technology centers. Locations will be maintained. AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany. FGC will maintain and expand the existing global set up with three leading technology hubs in Germany, United Kingdom and the United States leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology. Further international technology hubs may be established. AIXTRON shall further strengthen its technology and IP Portfolio, which will remain vested with AIXTRON, including in Germany. Both AIXTRON and FGC view the transaction as an opportunity to grow and expand AIXTRON’s workforce and have agreed that the transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s employees.

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14 Transaction effects on AIXTRON’s customers The transaction will provide AIXTRON with a long-term horizon to promote the further development of new products and to enhance the portfolio. AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany. AIXTRON’s customers will benefit from stronger support and execution of their roadmaps. R&D competency, as well as AIXTRON’s existing technologies will be maintained at the existing technology centers. IP and data protection and all other customer agreements will continue to comply with the established highest standards. AIXTRON shall further strengthen its technology and IP Portfolio, which will remain vested with AIXTRON, including in Germany. FGC will maintain and expand the existing global set up with three leading technology hubs in Germany, the United Kingdom and the United States leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology.

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Supporting the long-term future of AIXTRON for the benefit of all stakeholders Strengthen established businesses, particularly Optoelectronics & Power Management Strengthen supplier-customer engagement in technology development & partnering Support on capitalizing the new business Qualification for high-volume manufacturing at our customers Commitment to support existing product lines Improved access to emerging markets Focus on growth areas and R&D Growth in emerging countries, particularly in China, to the benefit of all global locations Increasing footprint emerging markets, particularly in China Improving service and support infrastructure Drive full development of high performance materials like III-V, Graphene, Organics, high-k into high-volume manufacturing Penetrate the Global Semiconductor & Display Market Being positioned as enabler for next-gen PE and semiconductor government targets Being positioned as enabler for memory and logic production equipment Capitalizing on OLED initiatives 15 Immediate value generation Attractive premium to current share price 50.7% premium to three month volume weighted average share price prior to announcement Short-term Mid- term

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Timetable and next steps 16 Regulatory approvals expected in the course of the summer Offer launch planned in July 2016 Offer period of 10 weeks Closing expected second half of 2016

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If you have any further questions or require more information, please contact us at: AIXTRON SE Dornkaulstr. 2 52134 Herzogenrath Germany Phone +49 (2407) 9030-0 Fax +49 (2407) 9030-40 E-Mail [email protected] 17 Thank you very much for your attention.

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Exhibit 99.3

 

 

Facts on AIXTRON SE

 

Unless specified differently all facts and figures are for the financial year 2015.

 

About AIXTRON(1) SE:

 

·                  Technology leader in deposition systems for complex materials

·                  Over 30 years of experience — company founded in 1983 as a spin-off of RWTH Aachen

·                  Worldwide presence with 12 sales/representative offices and production facilities

·                  More than 3,000 deposition systems delivered globally

·                  Leading edge R&D centers and demo facilities with hubs in Germany, UK and the U.S.

·                  Business operated from the headquarters in Herzogenrath, Germany

 

Employees:

 

·                  ~750 employees worldwide

 

·                  8%: Sales

·                  34%: R&D

·                  44%: Manufacturing

·                  14%: Administration

 

Revenue:

 

·                  € 197.8 million

 

Geographic Mix: Revenue by region

 

·                  60% Asia

·                  22% Americas

·                  18% Europe

 

Executive Board Members:

 

·                  Martin Goetzeler, President and Chief Executive Officer

·                  Dr. Bernd Schulte, Executive Vice President and Chief Operating Officer

 

Supervisory Board:

 

·                  Kim Schindelhauer, Chairman of the Supervisory Board

·                  Prof. Dr. Wolfgang Blättchen, Deputy Chairman of the Supervisory Board, Chairman of the Audit Committee

·                  Dr. Andreas Biagosch, Member of the Supervisory Board

·                  Prof. Dr. Petra Denk, Chair of the Technology Committee

·                  Dr. Martin Komischke, Member of the Supervisory Board

·                  Prof. Dr. Rüdiger von Rosen, Chairman of the Nomination Committee

 


(1)  In this release, unless the context otherwise requires, references to ‘‘AIXTRON”, “the AIXTRON Group’’, the ‘‘Group’’ or ‘‘the Company’’ are to AIXTRON SE and its consolidated subsidiaries. References to ‘‘Management’’ are to the Executive Board of AIXTRON SE

 

 



 

Product Portfolio:

 

AIXTRON is a leading provider of deposition equipment to the semiconductor industry. The different applications in all its technology areas are based on four material groups and end markets.

 

·                  Compound Semiconductors:

 

MOCVD (metal organic chemical vapor deposition) is one of the most important technologies for producing compound semiconductors, which are an essential element of optoelectronic components. AIXTRON’s customers use the MOCVD technology for the manufacturing of different applications such as:

 

·                  MOCVD OPTO is a technology for producing optoelectronic devices or LEDs that are widely used in lighting, display application or data communication.

·                  MOCVD for Power Electronics (PE) is a technology used in application areas such as consumer electronics (e.g., in the field of wireless charging), automotive (e.g., components for electrical vehicles and self-driving cars), white goods (e.g., components for more efficient air conditioners) and industrial devices (e.g., components for more efficient wind turbines or high-speed trains).

·                  MOCVD TFOS (Three Five on Silicon) is a technology used for the development of future logic devices.

 

·                  Silicon Semiconductors:

 

Atomic layer deposition (ALD) is a process to manufacture ultrathin films for semiconductor components that are necessary for the production of memory chips mainly used in DRAM and NAND Flash devices (e.g., SSDs, USB sticks, memory chips for digital cameras).

 

·                  Organic Electronics:

 

Organic Vapor Phase Deposition (OVPD) is a process for the thin-film deposition of organic materials. Plasma Enhanced Chemical Vapor Deposition (PECVD) is a process for thin-film encapsulation of organic layers. These technologies enable the production of organic light emitting diodes (OLEDs), which are increasingly used in displays or OLED TVs.

·                  Carbon Nanomaterials:

 

AIXTRON’s BM systems can be used to produce carbon nanotubes, carbon nanowires and graphene. Potential applications are in the field of logic devices, lithium ion batteries or carbon fiber composite products (e.g., components for wind turbines or aviation industry).



 

Facts on the acquirer:

 

·                  Fujian Grand Chip Investment Fund LP (FGC) is a Chinese investment fund which is controlled and managed by Mr. Zhendong Liu, FGC’s Managing Partner. Mr. Liu is a Chinese businessman and private investor.

 

·                  Grand Chip Investment GmbH (GCI) is a 100% indirect subsidiary of FGC and has entered into an agreement with AIXTRON.

 

Overview of the Transaction

 

Consideration:

 

·                  € 6.00/share in cash

 

Transaction value:

 

·                  Total transaction value of approximately € 670m

·                  50.7% premium to three month volume weighted average share price prior to announcement

 

Financing Structure:

 

·                  ~1.7bn RMB (~ € 231m(2)) of equity financing provided by FGC

·                  The remainder of the transaction is to be financed by debt facilities

 

Offer process:

 

·                  The Executive Board and Supervisory Board of AIXTRON endorse the strategic benefits of the transaction

·                  Voluntary public takeover offer to all AIXTRON shareholders

·                  Takeover offer expected to commence in the beginning of July 2016 after approval of the offer document by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht / BaFin)

·                  Offer subject to conditions precedent, including regulatory approvals and a minimum acceptance threshold of 60% of all AIXTRON’s issued shares, including shares represented by ADS.

·                  Closing expected in the second half of 2016

 


(2)  According to the following conversion rate which was published by ECB on 20 May 2016 at 15:00 CET:
EUR 1 = RMB 7.3456.

 



 

Transaction scope and commitment:

 

Pursuant to the terms of the agreement, AIXTRON and the Fujian Grand Chip Investment Fund LP (FGC) have contractually agreed to, among other things, the following terms:

 

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency & technologies will be maintained at AIXTRON’s existing technology hubs. AIXTRON shall further strengthen its technology and IP Portfolio, which shall remain vested with AIXTRON, including in Germany.

·                  AIXTRON’s existing global set up with its three leading technology hubs in Herzogenrath (Germany), Cambridge (UK) and Sunnyvale (USA) is to remain unchanged and further international technology hubs may be established, leveraging the close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology.

·                  AIXTRON and FGC view the transaction as an opportunity to grow and expand the Company and its workforce. The transaction is not directed towards cost or staff reductions.

·                  AIXTRON’s current Executive Board remains in place with full support of FGC.

 

Additional information

 

This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding ordinary shares (including ordinary shares represented by American depositary shares) of AIXTRON SE has not commenced. The terms and conditions of the takeover offer will be published in, and the solicitation and offer to purchase ordinary shares (including ordinary shares represented by American depositary shares) will be made only pursuant to the offer document and related offer materials prepared by Grand Chip Investment GmbH and as approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). Once Grand Chip Investment GmbH has obtained the necessary permission from BaFin, the offer document and related offer materials will be published in Germany and also filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Tender Offer Statement on Schedule TO at the time the takeover offer is commenced. AIXTRON SE intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the takeover offer; in addition, AIXTRON SE’s Management Board and Supervisory Board will publish a statement pursuant to Sec. 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG). The offer document for the takeover offer (in German and in English) containing the detailed terms and conditions of, and other information relating to, the takeover offer will, among other things, be published on the internet at www.grandchip-aixtron.com.

 

Acceptance of the takeover offer by shareholders that are resident outside Germany and the United States may be subject to further legal requirements. With respect to the acceptance of the takeover offer outside Germany and the United States, no responsibility is assumed for the compliance with such legal requirements applicable in the respective jurisdiction.

 

The Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) and the Solicitation/ Recommendation Statement, as they may be amended from time to time, as well as the Management and Supervisory Board’s statement pursuant to Sec. 27 WpÜG will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not this document, will govern the terms and conditions of the takeover offer.  Those materials and other documents filed by Grand Chip Investment GmbH or AIXTRON SE with the SEC will be available at no charge on the SEC’s web site at www.sec.gov.  In

 



 

addition, Grand Chip Investment GmbH’s Tender Offer Statement and other documents it will file with the SEC will be available at www.grandchip-aixtron.com.

 

In this document, unless the context otherwise requires, references to “AIXTRON”, “the AIXTRON Group”, the “Group” or “the Company” are to AIXTRON SE and its consolidated subsidiaries. References to “Management” are to the Executive Board of AIXTRON SE.

 

Cautionary statement regarding forward-looking statements

 

This document contains forward-looking statements, including statements regarding the expected consummation of the proposed transaction and AIXTRON SE’s future performance, which involves a number of risks and uncertainties, including the satisfaction of closing conditions for the transaction, the possibility that the transaction will not be completed, the failure to retain key AIXTRON SE employees, customers and partners, uncertainty regarding the anticipated benefits of the transaction and the failure of the parties to achieve anticipated goals of the transaction, and other risks and uncertainties discussed in AIXTRON SE’s public filings with the SEC, including the “Risk Factors” section of AIXTRON SE’s Form 20-F filed on February 23, 2016, as well as the offer document to be filed by Grand Chip Investment GmbH, the Solicitation/Recommendation Statement to be filed by AIXTRON SE and the statement pursuant to Sec. 27 WpÜG to be published by AIXTRON SE’s Management and Supervisory Board.  These documents and statement are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of AIXTRON SE and Grand Chip Investment GmbH, that may cause results, levels of activity, performance or achievements to be materially different from any future statements.  These statements are generally identified by words or phrases such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”, “should”, “estimate”, “predict”, “potential”, “continue” or the negative of such terms or other similar expressions.  If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements.  AIXTRON SE undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

 


Exhibit 99.4

lntendeo Voluntary Takeover Offer of Grand cnip Investment GmbH to tne Mlders of AIXTRON SE Ordinary snares aM AIXTRON American Depositary snares You have entered the website that Grand ChipInvestment Gn'tll-l C'Bidder") has designated for thepublicationof dxuments and notifications in connection with its intended voluntary public takeover cffer (the ''Takeover Offerjto the holders of crdinary shares of AIXTRON SE C'AIXTRON Shares")and holders of AIXTRON America1depostiary shares \AIXTRON ADSs"). n aderlo access further documents and notifications in coMection with theintended TakeoverOffer, holders of AIXTRON Shares and AIXTRON AOSs (coltectively,•AlXTRON Securityholders")arerequested to confirm,at the bottom of this page, notice of the foDowing information. Important Legal Information and Notices Regarding tne Intended Takeover Offer The information contained on the followingpageshas been prepared solely for the purpose of providinginformation regarding the Takeover Offer to the AIXTRON Securityholdere.On the following psgee, the Bidder hse provided (or willprovide se eooo se reseonsbly practicable):(i) the documents the Bidder files withthe U.S.Securitiesand Exchange Comnision (the "SEC")relati'lg to the Takeover Offer;{ii)publications required under the German Securities Acquisiticn and Takeover Act (Wertpapiererwerbs-und Obemahmegesetz­ 'Wp0Gj; (iii) whenavaileble, Ute offer document for the Takeover Offer (inGermanandin English) containing the detailed terms and conditions of,andother information relating to,the Offer (the "Offer Document");and(iv) potentially otherinformation. The announcements and theinformation onthis website do not constitute aninvitation to make an offer to sel AIXTRON Shares or AIXTRON ADSs. Wth the exception of the·1elto be published Offer Document andcertain related documents,announcements and ilformation on this website also do not constitute an offer to purchase AIXTRON Shares or AIXTRON ADSs and arenot for thepurposes of the bidder king Rny l"f!(lt fRtinnor IF!nfP.riOIJ into Rny nthP.r hinr i naIP.IJFtlr.nmnVtmF!r"lt An offer to purchase AIXTRON Shares is sotety made on thebasis of lhe Offer Document and related materials that the Bidder intends to fife with the German Federal F111ancial Supervisory Authority {Bundesanstatt fUr Finanzdienstfeistungsaufsicht, •BaFin").Once the Bidder has obtained thenecessary permission from Bafin,the Offer Cocument and related offer materials will be PJblished and also filed wih the SECin a Tender Offer Statement on Schedule TO at thetime the Takeover Offer is commenced.AI.XTRON SEalso intends to file a Solicitatio'li'Recommendation Statement on Schedule 140-9 with the SEC with respect to the Takeover Offer.The Tender Offer Statement {including the Offer Document, a relatedletter of transmittalandother related offer materas)and the SoficitationiRecorrrnendaOOn Statement, as they may be amended fran time to time, as wellas the Management and SupeMsory Board's statement pursua1t to Sec.27 WpOG will containimportant nformation that should be read carefuly before any decision is made w th respect to the takeover offer because they wiiJ govern the terms and conditions of the takeover offer. The Bidder has not appraled thepublication,sending, distribution,ordissemination of any documents associated withthe Takeover Offer by thrid parties outside the FederalRepublic of Germany and the United States.Neither the Bidder nor persons acting ineoncert with the Bidder \Whinthemeaning of Section 2 para. 5 sentence 1and sentence 3 Wp0G arein any way responsible for the eolll)liance of thepublication,sending,distribution, or dissenination of any documents associated with the Takeover Offer by a thirdparty outside of the Federal Republic of Germany and the United Slates.

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The publication,sending,distribution or disserrination of any documents associated with the Takeover Offer in certain jurisdictions other than theFederal Repub'ic of Germany and the United Statesmay be governed by laws of jurisdictions other than the FederalRepublic of Germany and the Unted Statesin which thepublication,sending,distribution or disserrination are subject tolegalrestrictions. Persons vmo are not resident in the FederalRepublic or Germany or the United States or who are for other reasons subject to the laws of other jurisdictions shouk:l inform themselves of,and observe,those laws. It ispossible that the Bidder will change its intentions and evaluations stated inthe documents or notifications on this website or in the yet to bepublishedOffer Document,especially with regard to the Offer,after the publication of the documents, notifications or the Offer Document. Documents and notifications on this website may contain certainforward-looking statements. SUch statements are,in particular, indicated by terms suchas e"'"'...ts•• "believes"• "is of the opinion"> •attempts•' "estimates"' -;;ntends"• •assumes•and•endeavors" and similar phrases.Such statements express current intentions. views,expectations. estimates and forecasts \Wh regad topossible future events.They are,amonother things,based on certain assumptions,assessments and forecasts,are subject to risks and uncertainties and therefore they may tum out to be incorrect. 0 I hereby confirmthat I have read and acKnowledged the legal notices and infonnation above.

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Deutsch (../index.html) English (index.html) Grand Chip Investment GmbH Grand Chip Investment GmbH to launch a voluntary public takeover offer for AIXTRON SE Fujian Grand Chip Investment Fund LP ("FGC") on 23 May 2016 announced that AIXTRON SE ("AIXTRON") and Grand Chip Investment GmbH ("GCI"), a 100% indirect subsidiary of FGC, have entered into a business combination agreement. Pursuant to the agreement, GCI will launch a voluntary public takeover offer to acquire all of the outstanding ordinary shares, including all ordinary shares represented by AIXTRON ADS. Under the terms of the agreement, AIXTRON shareholders will be offered 6.00 Euros in cash per each ordinary share. The transaction values AIXTRON’s equity, including net cash, at approximately 670 million Euros and reflects a 50.7% premium to the three-month volume weighted average share price prior to announcement. DOWNLOADS Decision to make a voluntary public takeover offer (freiwilliges öffentliches Übernahmeangebot) pursuant to Section 10 para. 1 sentence 1 in conjunction with Sections 29 para. 1, 34 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs-und Übernahmegesetz, WpÜG)

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23May2016|PDF 70K(../assets/pdf/section10announcementENG.pdf) Announcement press release 23May2016|PDF 437K(../assets/pdf/Announcement pressrelease.pdf) Transaction fact sheet 23May2016|PDF 611K(../assets/pdf/Transactionfactsheet.pdf) Presentation: Chinese investor (GCI) to launch offer for AIXTRON SE 23 May 2016|PDF 759K(../assets/pdf/PresentationChinese investor (GCI) to launch offer forAIXTRON SE.pdf) Q&A 23 May 2016|PDF 735K(../assets/pdf/Q&A ENG.pdf) IMPRINT Grand Chip Investment GmbH c/o Paul Hastings (Europe) LLP, Siesmayerstraße 21 D-60323 Frankfurt am Main Germany Managing Director: Mr. Zhendong Liu [email protected] 86-592-5204789

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Registered with the commercial register of the local court of Frankfurt am Main, HRB 104996. DISCLAIMER 1.LIMITATION OF LIABILITY FOR INTERNAL CONTENT The content of our website has been compiled with meticulous care and to the best of our knowledge. However, we cannot assume any liability for the up-to-dateness, completeness or accuracy of any of the pages. Pursuant to section 7, para. 1 of the TMG (Telemediengesetz – Tele Media Act by German law), we as service providers are liable for our own content on these pages in accordance with general laws. However, pursuant to sections 8 to 10 of the TMG, we as service providers are not under obligation to monitor external information provided or stored on our website. Once we have become aware of a specific infringement of the law, we will immediately remove the content in question. Any liability concerning this matter can only be assumed from the point in time at which the infringement becomes known to us. 2.EXTERNAL LINKS Our website contains links to the websites of third parties (“external links”). As the content of these websites is not under our control, we cannot assume any liability for such external content. In all cases, the provider of information of the linked websites is liable for the content and accuracy of the information provided. At the point in time when the links were placed, no infringements of the law were recognizable to us. As soon as an infringement of the law becomes known to us, we will immediately remove the link in question. 3.COPYRIGHT The content and works published on this website are governed by the copyright laws of Germany. Any duplication, processing, distribution or any form of utilization beyond the scope of copyright law shall require the prior written consent of the author or authors in question. 4.DATA PROTECTION A visit to our website can result in the storage on our server of information about the access (date, time, page accessed). This does not represent any analysis of personal data (e.g., name, address or e-mail address). If personal data are collected, this only occurs – to the extent possible – with the prior consent of the user of the website. Any forwarding of the data to third parties without the express consent of the user shall not take place. We would like to expressly point out that the transmission of data via the Internet (e.g., by e-mail) can offer security vulnerabilities. It is therefore impossible to safeguard the data completely against access by third parties. We cannot assume any liability for damages arising as a result of such security vulnerabilities. The use by third parties of all published contact details for the purpose of advertising is expressly excluded. We reserve the right to take legal steps in the case of the unsolicited sending of advertising information; e.g., by means of spam mail.

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Exhibit 99.5

 

 

Q&A

 

Contents

 

 

 

Top Questions

1

Strategic Rationale

4

Company Strategy

6

Financial Community — Tender Offer Terms, Transaction Structure, Timeline, Process

7

Financing

8

Employees, Trade Union

8

Politicians

10

Customers, Business Partners, Suppliers

11

 

Top Questions

 

1.              How was the offer price determined?

 

·                  There were a number of factors considered including current financial position and outlook of the company, the technology roadmap of the company, the dynamic and highly competitive industry, macroeconomic environment, strategic area of focus and historical valuations as well as other factors.

·                  €6.00 per share of AIXTRON represents an enterprise value of approx. €488m. Total transaction value is approximately €670m.

·                  The consideration offered for the approximately 112 million company shares will be a cash consideration. It represents 50.7% premium in regards to the three-month volume weighted average share price prior to the announcement.

 

2.              What other options did AIXTRON consider in addition to a sale to Fujian Grand Chip Investment Fund LP’s indirect wholly owned subsidiary, Grand Chip Investment GmbH (GCI)?

 

·                  We are constantly assessing all strategic options towards a sustainable development of our business.

·                  We believe that this is the best option for shareholders and employees and will support AIXTRON’s strategy and future.

·                  The planned transaction enables profitable growth across all our technology areas due to a strong partner.

 

3.              Is this the best offer? Do you think that Fujian Grand Chip Investment Fund LP (FGC) will consider increasing the offer price?

 

·                  We had thorough negotiations with FGC on this subject and firmly believe that the offer price represents a fair price. This offer represents 50.7% premium in regards to the three month volume weighted average share price prior to the announcement.

 



 

·                  The Executive and Supervisory Boards support the takeover offer by FGC, and intend to tender their shares.

 

4.              Will AIXTRON be delisted if the transaction succeeds?

 

·                  At this point in time, it is too early to say.

 

5.              Will AIXTRON be excluded from major indices such as the TecDAX?

 

·                  This is too early to say as this is dependent on trading volumes and market capitalization.

·                  Due to a lower free float, trading volumes might be lower going forward.

 

6.              Who is the acquirer?

 

·                  The acquirer is a special purpose investment vehicle, Grand Chip Investment GmbH, specifically established for this transaction by the Fujian Grand Chip Investment Fund LP (FGC), a Chinese investment fund.

·                  The following parties are primarily involved:

·                  The Fujian Grand Chip Investment Fund LP (FGC) is a Chinese investment fund which is controlled and managed by Mr. Zhendong Liu, FGC’s Managing Partner. Mr. Liu is a Chinese businessman and private investor.

·                      FGC has agreed that:

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC will maintain and potentially expand the existing global set up with three leading technology hubs in Germany, the United Kingdom and the United States, leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology.

·                  FGC and AIXTRON view the transaction as an opportunity for growth and expansion of the Company and its workforce. The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

·                  FGC has full trust and confidence in the current members of the AIXTRON Management Board and has no intention to support any action aiming at the removal of its current members or the termination of any corresponding service agreement.

 

7.              Is this a classic case of the Chinese absorbing German technology and R&D and moving the business to China permanently?

 

·                  FGC has committed to maintain AIXTRON’s R&D competency, as well as existing technology, at the existing technology centers.

·                  FGC intends to grow AIXTRON’s business profitably through strategic growth projects — R&D is one of the most important elements.

 

8.              The company has not been performing well for many years, is this the only option for survival?

 

·                  We are constantly assessing our strategic options and are convinced that this is the best option for shareholders, employees, customers and for securing the future of AIXTRON.

·                  We believe this transaction will provide us with the necessary backing in order to drive commercialization of our technologies in changing market conditions.

·                  It is a fair and attractive offer to shareholders and the Executive and Supervisory Boards support this offer.

 



 

9.              How many more years is AIXTRON gaining through this takeover?

 

·                  The transaction will enable profitable growth in all of our technology areas and supports the successful execution of our strategy and technology roadmaps in line with our business plan.

 

10.       Has FGC made any commitments to maintaining AIXTRON’s locations and jobs?

 

·                  FGC has agreed that:

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC will maintain and potentially expand the existing global set up with three leading technology hubs in Germany, the United Kingdom and the United States, leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology.

·                  FGC and AIXTRON view the transaction as an opportunity for growth and expansion of the Company and its workforce. The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

·                  FGC has full trust and confidence in the current members of the AIXTRON Management Board and has no intention to support any action aiming at the removal of its current members or the termination of any corresponding service agreement.

 

11.       Will organizational structures remain in place? Will the CEO remain in place?

 

·                  FGC intends to maintain and to expand AIXTRON’s current operations and organizational structure to the extent practicably possible. This includes AIXTRON’s international operations and sites.

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  FGC has agreed that it has full trust and confidence in the current members of the AIXTRON Management Board and has no intention to support any action aiming at the removal of its current members or the termination of any corresponding service agreement.

 

12.       Is FGC planning any restructuring measures?

 

·                  We have assessed our strategic options and are convinced that this is the best option for shareholders, employees, customers supporting AIXTRON’s strategy and future.

·                  This transaction will provide us with the necessary backing in order to develop positively in changing market conditions. We will gain a better market access in China as well as to further growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  The transaction will not change our defined strategy. Our business plan remains in place.

·                  Both AIXTRON and FGC view the transaction as an opportunity to grow and expand the Company and its workforce and have agreed that the transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

 

13.       Will AIXTRON’s strategic focus change due to the transaction?

 

·                  No, it’s the opposite. The transaction is expected to enhance our defined strategy. Our business plan remains in place as well as our focus on returning to profitability and cash surplus.

 



 

·                  FGC further intends to promote AIXTRON as one of the top equipment manufacturers for the semiconductor industry and will support AIXTRON in capitalizing on future market opportunities.

·                  This transaction will provide us with the necessary backing in order to develop positively in changing market conditions. We expect to gain market access in China as well as to further growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  AIXTRON will continue to serve its customers with the highest standard in quality.

·                  IP and data protection will continue to comply with the established highest standards.

 

Strategic Rationale

 

General

 

14.       How is FGC a good fit?

 

·                  FGC is an excellent fit and is expected to support AIXTRON’s business objectives through commitments for sustainable and profitable growth.

·                  The transaction is expected to provide AIXTRON with a long-term horizon to promote the further development of new products and to enhance its product portfolio.

·                  The transaction is expected to support AIXTRON’s long-term R&D activities to bring new products and technologies to market, support the execution of AIXTRON’s current strategy and technology roadmaps and improve AIXTRON’s ability to compete and grow in China.

 

15.       Is this just a financial investment by FGC? What strategic advantages do they bring to AIXTRON?

 

·                  The transaction will:

·                  Provide opportunities to better access growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  Provide the required commitments with the necessary backing in order to develop positively in changing market conditions.

·                  Support AIXTRON’s long-term R&D activities to promote the further development of new products and to enhance the company’s portfolio.

·                  Support the execution of AIXTRON’s current strategy and technology roadmaps in line with the business plan in order to best serve its customers.

·                  Improve AIXTRON’s ability to compete and grow in China.

 

16.       How is this transaction expected to provide growth for AIXTRON in China?

 

·                  The transaction will improve our ability to compete and grow in China and allow AIXTRON to firmly establish itself as a significant supplier to the Chinese market.

 

Market Access

 

17.       Is this deal only about gaining market access?

 

·                  Market access to China is one important aspect. Nonetheless, the transaction is also expected to:

·                  Provide opportunities to better access growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on

 



 

                        Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  Provide the required commitments to enhance AIXTRON’s development in changing market conditions to secure its current employee base.

·                  Support AIXTRON’s long-term R&D activities to promote the further development of new products and to enhance the company’s portfolio.

·                  Support the execution of AIXTRON’s current strategy and technology roadmaps in line with the business plan in order to best serve its customers.

·                  Improve AIXTRON’s ability to compete and grow in China.

 

18.       What markets are you expecting to tap into / how large is the potential addressable market?

 

·                  It is less about the markets that we will tap into but more so about the execution on the potential of certain technology areas that we expect to be able to exploit in the next five years.

·                  We are expecting to tap into significant growth potential in the next five years particularly in the areas of MOCVD TFOS, MOCVD PE, Carbon Nanomaterials or OLED deposition equipment.

 

19.       You already have access to the Chinese market through your sales, services and application lab locations there. What specifically will FGC bring to the table?

 

·                  The transaction will:

·                  Provide opportunities to better access growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  Provide the required commitments to to develop positively in changing market conditions

·                  Support AIXTRON’s long-term R&D activities to promote the further development of new products and to enhance the company’s portfolio.

·                  Support the execution of AIXTRON’s current strategy and technology roadmaps in line with the business plan in order to best serve its customers.

·                  Improve AIXTRON’s ability to compete and grow in China.

 

20.       How are the markets developing / what market trends are you expecting to benefit from?

 

·                  Overall, we are seeing a shift to high volume manufacturing over a number of different industries, R&D investments continue to rise, consumer electronics driving demand particularly in China and increasing manufacturing activities out of China.

·                  Technology innovation and disruptive cycles requiring timely execution from R&D into high-volume manufacturing environment.

·                  We are expecting to benefit particularly from developments in the MOCVD applications market, which is estimated to grow to 1 billion USD by 2020 (Gartner: Dec 2015).

 

21.       How do you see the OLED market developing?

 

·                  The OLED market is seeing some positive developments as companies such as Samsung and LG continue to invest heavily in this technology. OLED therefore continues to have potential for us.

·                  In the future, we believe OLEDs will play a stronger role in large displays, such as televisions. To achieve the cost efficient production of large displays, the industry

 



 

                        needs to see a strong decrease in manufacturing cost. Our OLAD tool is targeting for the large display markets.

 

22.       In which markets have you been successful in the past? Where is your expertise?

 

·                  We have a proven track-record in the technology areas MOCVD for optoelectronic components including LEDs as well as in ALD for Memory with a combined equipment revenue contribution of c. EUR 115.7m or 59% in 2015.

 

23.       How are you performing in comparison to competitors?

 

·                  In the MOCVD markets we hold, depending on the end-applications, either number one or number two positions.

·                  The recent trend in revenues and order intake in the MOCVD area is promising and market share is improving — however still on a low level.

 

Investments

 

24.       What investment volume is FGC planning on providing AIXTRON and in what areas?

 

·                  FGC is committed to support AIXTRON’s business growth, for example through:

·                  R&D and engineering, for example, in new developments of MOCVD and other complex material deposition equipment to drive product development.

·                  Recruiting qualified and “best in class” employees.

·                  M&A in order to strengthen AIXTRON’s portfolio.

 

25.       How much did AIXTRON invest in R&D in the past?

 

·                  2011-2015 (last five years) EUR 302.5m

 

26.       How much is FGC planning to invest in R&D? Where will these investments occur — in Europe or in China?

 

·                  FGC is expected to support AIXTRON’s long-term horizon to promote the further development of R&D activities, new products and to enhance the product portfolio.

·                  Particularly in the technology area of MOCVD TFOS and OLED, investments are expected to drive growth within the next five years.

 

Company Strategy

 

27.       Will AIXTRON continue pursuing its current strategy after the transaction?

 

·                  Yes, AIXTRON will continue to pursue its current strategy and execute on its business plan.

·                  FGC has voiced support for the company’s strategy.

 

28.       The agreement highlights that you will promote growth of AIXTRON’s workforce by hiring qualified experts on an international scale. How much does AIXTRON expect to spend on acquiring this talent?

 

·                  At this point in time, it is too early to disclose specific details.

 

29.       Is FGC planning any further acquisitions?

 

·                  This is a question that you need to raise with FGC as AIXTRON cannot speak on FGC’s behalf.

 



 

Financial Community — Tender Offer Terms, Transaction Structure, Timeline, Process

 

30.       How does the deal benefit AIXTRON’s shareholders?

 

·                  The transaction provides an immediate value creation for shareholders with an all cash offer of 6.00 Euros per AIXTRON share.

·                  The offer represents 50.7% premium in regards to the three-month volume weighted average share price prior to the announcement.

 

31.       What is AIXTRON’s valuation in light of this transaction?

 

·                  The transaction values AIXTRON at approximately 670m Euros.

 

32.       Why is the tender offer acceptance threshold only 60%?  Does that mean FGC doesn’t want to dominate the company and delist it?

 

·                  Both parties are convinced of the strategic benefit of the transaction and the immediate value creation for shareholders.

·                  Hence they have agreed upon a minimum threshold that gives FGC a certain amount of control while at the same time maximizing the chances for a successful transaction.

 

33.       Is it realistic that FGC could acquire 100% of AIXTRON shares?

 

·                  We cannot comment on this.

 

34.       When will the tender offer be launched?

 

·                  FGC expects the offer to commence in July 2016 after approval of the offer document by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht / BaFin).

 

35.       Do you expect any regulatory issues?  In what jurisdictions will you have to file?

 

·                  The offer is subject to regulatory approval with the appropriate bodies in Germany, the United States and China.

·                  We are confident, that all necessary approvals will be achieved.

 

36.       When do you expect the deal to close? What are the next steps?

 

·                  FGC expects the deal to close in the second half of 2016 once regulatory approval has been obtained.

·                  Upon approval of the offer document by BaFin FGC will launch the tender offer.

·                  FGC expects the offer for all shareholders of AIXTRON to commence in July 2016.

·                  The acceptance period is 10 weeks.

·                  The 10 weeks is the maximum time allowed for the acceptance period; the satisfaction of other closing conditions, such as obtaining regulatory approvals, could take longer than 10 weeks after the end of the acceptance period.

 

37.       How long have conversations been ongoing with representatives of FGC?

 

·                  Contact to representatives of FGC exist since February 2016.

 

38.       Does AIXTRON management intend to tender their shares?

 

·                  Yes, the Management Board and Supervisory Board members intend to tender their shares.

·                  Both the Management and Supervisory Boards welcome and support this transaction.

 



 

39.       Have GCI/FGC agreed to pay any “break fees” with regard to the offer in the event the offer is not completed under certain circumstances?

 

·                  Yes, under certain circumstances FGC will be obliged to pay AIXTRON a break fee of 25 million Euros if the takeover offer is not completed.

·                  Details will be provided in the offer document.

 

40.       Has AIXTRON agreed to pay a “solicitation penalty” under certain circumstances?

 

·                  Yes, under certain circumstances, AIXTRON may be required to pay GCI 10 million Euros in connection with, among other things, AIXTRON’s solicitation of third party offers.

·                  Details will be provided in the offer document.

 

Financing

 

41.       What is the financing structure of the transaction?

 

·                  Approximately 231 million Euros of equity financing will be provided by FGC.

·                  The remainder of the transaction is to be financed by debt facilities.

 

42.       Does FGC have committed financing?

 

·                  We have had intensive discussions with the FGC over the past months.  We are confident that the financing will be in place the latest at the time of the filing of the offer documents.

 

43.       So, this means that they don’t have committed financing?

 

·                  Financing is only required to be in place at the time of the filing of the offer documents.  We are confident that the financing will be in place the latest by that time.

 

44.       A significant portion of the offer will be funded out of debt.  How will AIXTRON service and repay this debt given the negative free cashflow?

 

·                  There will be no debt pushdown by GCI to AIXTRON.

·                  This fact is also reflected in the agreement. Therefore, no change to AIXTRON’s balance sheet will result from the takeover offer.

 

Employees, Trade Union

 

45.       Why do you support this transaction? What does this transaction mean?

 

·                  We believe that this is the best option for shareholders and employees and will support the future of AIXTRON.

·                  Technology innovation and disruptive cycles requiring timely execution from R&D into high-volume manufacturing environment.

·                  The transaction allows us to address our short term challenges, and to strengthen our long-term future prospects by enabling us to execute on our roadmaps across all our technology areas

·                  FGC is expected to help us in enhancing our potential across all our technology areas. We will gain a better market access in China as well as to further growth markets such as those for MOCVD (Metal Organic Chemical Vapor Deposition) for TFOS (Three Five on Silicon), MOCVD for Optoelectronics, Carbon Nanomaterials, MOCVD for Power Electronics (PE), ALD (Atomic Layer Deposition) for memory and OLED (Organic Light Emitting Diode) Deposition systems.

·                  The transaction is not expected to change our defined strategy. Our business plan remains in place.

 



 

46.       Do you anticipate any layoffs or location closures as a result of this announcement?

 

·                  The transaction is not geared towards any cost cutting initiatives or layoffs to the detriment of AIXTRON’s personnel.

 

47.       Will there be transfers of manufacturing capacities or functions to China?

 

·                  This is not planned. Both companies have agreed that:

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC will maintain the three leading technology hubs in Germany, United Kingdom and the United States.

 

48.       Will the acquirer make any employment or location guarantees prior to or once the transaction closes?

 

·                  FGC Fund has agreed that:

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency, as well as the existing technology of AIXTRON will be maintained at the existing technology centers.

·                  FGC will maintain and potentially expand the existing global set up with three leading technology hubs in Germany, United Kingdom and the United States.

·                  The parties view the transaction as an opportunity for growth and expansion of the Company and its workforce. The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

·                  FGC has full trust and confidence in the current members of the AIXTRON Management Board and has no intention to support any action aiming at the removal of its current members or the termination of any corresponding service agreement.

 

49.       Is this a classic case of the Chinese absorbing German technology and R&D and moving the business to China permanently?

 

·                  No, FGC has agreed that AIXTRON’s R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC intends to grow AIXTRON’s business profitably through strategic growth projects — R&D is one of the most important elements.

·                  The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

 

50.       Is this really the best option for the company? Can we not grow as an independent company?

 

·                  We assessed strategic options that would ensure sustainability for our business in the future.

·                  We believe this is the best option for shareholders and employees and will support AIXTRON’s strategy and future.

·                  The planned transaction is geared towards profitable growth across our technology areas thanks to a strong partner.

 

51.       What are the implications for my employment contract?

 

·                  Nothing will change within your employment contract.

·                  AIXTRON’s employees remain employees of the company.

 



 

52.       What will happen to my stock options?

 

·             In the event that the AIXTRON shares cease to be listed on Frankfurt Stock Exchange, any participant in AIXTRON’s stock options programs will be treated in complete compliance with German corporate and other applicable law.

 

Politicians

 

53.       Is regulatory approval necessary? Are there any concerns that approval will not be achieved?

 

·                  The offer is subject to regulatory approval with the appropriate bodies in Germany, the United States and China.

·                  We are confident that all necessary approvals will be achieved.

 

54.       Will the presence in Germany be maintained? Will there be any facility closures and/or job losses?

 

·                  Yes, AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  The transaction is not geared towards cost saving initiatives and job cuts to the detriment of AIXTRON’s personnel.

 

55.       Has FGC made any commitments to maintaining AIXTRON’s locations and jobs?

 

·                  FGC has agreed that:

·                  AIXTRON’s legal domicile and headquarters will remain in Herzogenrath, Germany.

·                  R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC will maintain and potentially expand the existing global set up with three leading technology hubs in Germany, the United Kingdom and the United States, leveraging their close proximity to leading high tech eco-systems and the core markets for AIXTRON’s technology.

·                  FGC and AIXTRON view the transaction as an opportunity for growth and expansion of the Company and its workforce. The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

·                  FGC has full trust and confidence in the current members of the AIXTRON Management Board and has no intention to support any action aiming at the removal of its current members or the termination of any corresponding service agreement.

 

56.       Is this a classic case of the Chinese absorbing German technology and R&D and moving the business to China permanently?

 

·                  No, AIXTRON and FGC have agreed that R&D competency, as well as AIXTRON’s existing technology will be maintained at the existing technology centers.

·                  FGC intends to grow AIXTRON’s business profitably through strategic growth projects — R&D is one of the most important elements.

·                  The transaction is not directed towards cost reductions or layoffs to the detriment of AIXTRON’s personnel.

 



 

Customers, Business Partners, Suppliers

 

57.       How will the transaction affect customers, partners and suppliers?

 

·                  Business will continue as usual.

·                  We will continue to maintain the high standard of quality that we practice in working together with our customers, partners and suppliers.

·                  Our customers will benefit from an enhanced AIXTRON product portfolio through targeted commitments in R&D and customer support.

·                  IP and data protection will continue to comply with the established highest standards.

 

58.       What does this transaction mean in the context of data protection, IP and confidentiality?

 

·                  All customer, supplier and business partner agreements on confidentiality (e.g., NDAs) will remain in place and will continue to be adhered to. Data and intellectual property will remain confidential as determined in our contractual terms and conditions.

·                  Nothing will change in this respect.

 

59.       How will customers, partners and suppliers benefit from this transaction?

 

·                  We will continue to maintain the high standard of quality that we practice in working together with our customers, partners and suppliers.

·                  Our customers will benefit from an enhanced AIXTRON product portfolio through targeted commitments in R&D and customer support.

·                  IP and data protection will continue to comply with the established highest standards

·                  Customers and business partners are expected to benefit from AIXTRON being able to continue to execute its current strategy and technology roadmaps in line with our business plan due to this transaction.

·                  The transaction is expected to provide AIXTRON with a long-term horizon to promote the further development of new products and to enhance the company’s portfolio. Customers are therefore expected to benefit from new products and technologies in the mid-term.

 

60.       Will production now be shifted to China? How will you ensure quality in research and production?

 

·                  FGC has committed that AIXTRON’s R&D competency, as well as existing technology will be maintained at the existing technology centers. AIXTRON shall further strengthen its technology and IP portfolio which shall remain vested with AIXTRON.

·                  FGC intends to grow AIXTRON’s business profitably through strategic growth projects — R&D is one of the most important elements.

·                  We will continue to maintain the high standard of quality that we practice in working together with our customers, partners and suppliers.

·                  Further international technology hubs may be established.

 

61.       Due to the transaction will you reevaluate your supplier network? Are you looking to focus on suppliers from China who might be more price competitive?

 

·                  AIXTRON follows specific guidelines in continuously evaluating its relationships with suppliers.

·                  Manufacturing equipment that fulfils the highest standards of semiconductor production requires reliable components of premier quality. Therefore, building on a sustainable, reliable supply chain is one of our most important tasks.

 



 

·                  Our customers expect equipment of highest precision that meets their expectations on high volume manufacturing. Therefore, the qualification of new suppliers takes time in order to be considered and must be aligned with our customer quality standards.

·                  If quality can be met, we will continue to consider qualifying suppliers from China, Asia, Europe or the US.

·                  Business will continue as usual and we are seeking to maintain the good relationships that we have built with our supplier network.

 

62.       Will my contact at AIXTRON change?

 

·                  No, your contact at AIXTRON will continue to be available to you.

 

63.       Will there be any changes to existing contracts?

 

·                  Business will continue as usual and all existing contracts will remain in place.

 

Additional information

 

This document is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell securities. The takeover offer for the outstanding ordinary shares (including ordinary shares represented by American depositary shares) of AIXTRON SE has not commenced. The terms and conditions of the takeover offer will be published in, and the solicitation and offer to purchase ordinary shares (including ordinary shares represented by American depositary shares) will be made only pursuant to the offer document and related offer materials prepared by Grand Chip Investment GmbH and as approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”). Once Grand Chip Investment GmbH has obtained the necessary permission from BaFin, the offer document and related offer materials will be published in Germany and also filed with the U.S. Securities and Exchange Commission (the “SEC”) in a Tender Offer Statement on Schedule TO at the time the takeover offer is commenced. AIXTRON SE intends to file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the takeover offer; in addition, AIXTRON SE’s Management Board and Supervisory Board will  publish a statement pursuant to Sec. 27 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG). The offer document for the takeover offer (in German and in English) containing the detailed terms and conditions of, and other information relating to, the takeover offer will, among other things, be published on the internet at www.grandchip-aixtron.com.

 

Acceptance of the takeover offer by shareholders that are resident outside Germany and the United States may be subject to further legal requirements. With respect to the acceptance of the takeover offer outside Germany and the United States, no responsibility is assumed for the compliance with such legal requirements applicable in the respective jurisdiction.

 

The Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) and the Solicitation/Recommendation Statement, as they may be amended from time to time, as well as the Management and Supervisory Board’s statement pursuant to Sec. 27 WpÜG will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not this document, will govern the terms and conditions of the takeover offer.  Those materials and other documents filed by Grand Chip Investment GmbH or AIXTRON SE with the SEC will be available at no charge on the SEC’s web site at www.sec.gov.  In addition, Grand Chip Investment GmbH’s Tender Offer Statement and other documents it will file with the SEC will be available at www.grandchip-aixtron.com.

 



 

In this document, unless the context otherwise requires, references to “AIXTRON”, “the AIXTRON Group”, the “Group” or “the Company” are to AIXTRON SE and its consolidated subsidiaries. References to “Management” are to the Executive Board of AIXTRON SE.

 

Cautionary statement regarding forward-looking statements

 

This document contains forward-looking statements, including statements regarding the expected consummation of the proposed transaction and AIXTRON SE’s future performance, which involves a number of risks and uncertainties, including the satisfaction of closing conditions for the transaction, the possibility that the transaction will not be completed, the failure to retain key AIXTRON SE employees, customers and partners, uncertainty regarding the anticipated benefits of the transaction and the failure of the parties to achieve anticipated goals of the transaction, and other risks and uncertainties discussed in AIXTRON SE’s public filings with the SEC, including the “Risk Factors” section of AIXTRON SE’s Form 20-F filed on February 23, 2016, as well as the offer document to be filed by Grand Chip Investment GmbH, the Solicitation/Recommendation Statement to be filed by AIXTRON SE and the statement pursuant to Sec. 27 WpÜG to be published by AIXTRON SE’s Management and Supervisory Board.  These documents and statement are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors, many of which are outside the control of AIXTRON SE and Grand Chip Investment GmbH, that may cause results, levels of activity, performance or achievements to be materially different from any future statements.  These statements are generally identified by words or phrases such as “believe”, “anticipate”, “expect”, “intend”, “plan”, “will”, “may”, “should”, “estimate”, “predict”, “potential”, “continue” or the negative of such terms or other similar expressions.  If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements.  AIXTRON SE undertakes no obligation to revise or update any forward-looking statements as a result of new information, future events or otherwise, unless expressly required to do so by law.  Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.

 


Exhibit 99.6

 

Announcement of the decision to make a voluntary public takeover offer (freiwilliges öffentliches Übernahmeangebot) pursuant to Section 10 para. 1 sentence 1 in conjunction with Sections 29 para. 1, 34 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG)

 

Bidder:

 

Grand Chip Investment GmbH

 

c/o Paul Hastings (Europe) LLP,

 

Siesmayerstr. 21, 60323 Frankfurt am Main, Germany

 

registered with the commercial register of the local court (Amtsgericht) of Frankfurt am Main under HRB 104996

 

Target company:

 

AIXTRON SE

 

Dornkaulstraße 2, 52134 Herzogenrath, Germany

 

registered with the commercial register of the local court (Amtsgericht) of Aachen under HRB 16590

 

ISIN: DE000A0WMPJ6

 

Grand Chip Investment GmbH (“Bidder”), a wholly owned indirect subsidiary of Fujian Grand Chip Investment Fund LP, People’s Republic of China, decided today to make a voluntary public takeover offer to the shareholders of AIXTRON SE (“AIXTRON”) for the acquisition of their no-par value registered shares (auf den Namen lautende Stückaktien) in AIXTRON (ISIN: DE000A0WMPJ6; collectively, the “AIXTRON Share(s)”), including all AIXTRON Shares represented by American Depository Shares (ISIN: US0096061041; collectively, the “AIXTRON ADSs”). Bidder intends to offer a consideration in cash of EUR 6.00 per AIXTRON Share subject to final terms set forth in the offer document.

 

The takeover offer will presumably be made subject to the conditions precedent of, amongst others, a minimum acceptance rate of 60 per cent of the issued AIXTRON Shares, the absence of capital measures of the target company and a material adverse effect and the granting of certain regulatory approvals. Furthermore, the public takeover offer will be made in accordance with the terms and conditions set out in the offer document. Insofar as legally

 



 

permissible, the Bidder reserves the right to deviate in the final terms of the public takeover offer from the basic information described herein.

 

The bidder has not entered into any other purchase-agreements regarding AIXTRON Shares.

 

The offer document for the takeover offer (in German and in English) containing the detailed terms and conditions of, and other information relating to, the takeover offer will be published on the internet at www.grandchip-aixtron.com.

 

The offer document for the takeover offer will also be published by way of a notice of availability in the Federal Gazette (Bundesanzeiger) and by keeping copies available for distribution free of charge.

 

Important Notice

 

The terms and conditions of the takeover offer will be published in the offer document for the takeover offer only after the permission by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”) has been obtained. Investors and shareholders of AIXTRON Shares are strongly advised to read the relevant documents regarding the takeover offer published by the Bidder when they become available because they will contain important information. Investors and shareholders of AIXTRON will be able to receive these documents, when they become available free of charge at the website www.grandchip-aixtron.com. Upon publication, the offer document for the takeover offer will also be available as a print copy free of charge at a specified location. Holders of AIXTRON Shares and AIXTRON ADSs (collectively, “AIXTRON Securityholders”) will also be able to receive the relevant documents regarding the takeover offer, including the Bidder’s Tender Offer Statement on Schedule TO filed with the U.S. Securities Exchange Commission (the “SEC”), when they become available free of charge at the SEC’s website (http://www.sec.gov). The Bidder’s Tender Offer Statement (including the offer document, a related letter of transmittal and other related offer materials) will contain important information that should be read carefully before any decision is made with respect to the takeover offer because they, and not this announcement, will govern the terms and conditions of the takeover offer.

 

This announcement is for information purposes only and does not constitute an invitation to make an offer to sell AIXTRON Shares. This announcement does not constitute an offer to purchase AIXTRON Shares and is not for the purposes of the Bidder making any representations or entering into any other binding legal commitments.

 

An offer to purchase AIXTRON Shares will be solely made by the respective offer document which is to be published by the Bidder in due course and is exclusively subject to its terms and conditions. The terms and conditions contained in the offer document may differ from the general information described in this announcement.

 



 

Shareholders of AIXTRON are strongly recommended to seek independent advice, where appropriate, in order to reach an informed decision in respect of the content of the offer document and with regard to the takeover offer.

 

The takeover offer will solely be implemented in accordance with the laws of the Federal Republic of Germany and the United States federal securities laws, especially, with respect to German Law, under the WpÜG and the Regulation on the Content of the Offer Document, Consideration for Takeover Offers and Mandatory Offers and the Release from the Obligation to Publish and Issue an Offer (“WpÜG Offer Regulation”). Accordingly, no other registrations, approvals or authorizations have been applied for or granted in respect of this takeover offer outside of Germany and the United States. Consequently, the Bidder does not assume any responsibility for compliance with any legal requirements other than German and U.S. legal requirements. As a result, AIXTRON Securityholders should not rely on the application of laws of any other jurisdiction for investor protection.

 

The Bidder has not approved the publication, sending, distribution, or dissemination of this announcement or any other document associated with the takeover offer by third parties outside the Federal Republic of Germany and the United States. Neither the Bidder nor persons acting in concert with the Bidder within the meaning of Section 2 para. 5 sentence 1 and sentence 3 WpÜG are in any way responsible for the compliance of the publication, sending, distribution, or dissemination of this announcement or any other document associated with the takeover offer by a third party outside of the Federal Republic of Germany and the United States.

 

The publication, sending, distribution or dissemination of this announcement in certain jurisdictions other than the Federal Republic of Germany and the United States may be governed by laws of jurisdictions other than the Federal Republic of Germany and the United States in which the publication, sending, distribution or dissemination are subject to legal restrictions. Persons who are not resident in the Federal Republic of Germany or the United States or who are for other reasons subject to the laws of other jurisdictions should inform themselves of, and observe, those laws.

 

Forward-Looking Statements

 

This announcement contains forward-looking statements regarding the Bidder’s intended voluntary takeover offer. These statements are not guarantees of future performance and are subject to inherent risks and uncertainties, including with respect to factors that may affect the completion of the takeover offer. Forward-looking statements may be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may”, “will”, “expects”, “believes”, “anticipates”, “plans”, “intends”, “estimates”, “projects”, “forecasts”, “seeks”, “could”, “should”, or the negative of such terms, and other variations on such terms or comparable terminology.

 

Forward-looking statements include, but are not limited to, statements relating to the terms of the intended takeover offer. These statements reflect the Bidder’s current expectations,

 



 

based upon information currently available to them and are subject to various assumptions, as well as risks and uncertainties that may be outside of their control. Actual results could differ materially from those expressed or implied in such forward-looking statements. Any such forward-looking statements speak only as of the date on which they are made. Bidder shall be under no obligation to (and expressly disclaims any such obligation to) update or alter such forward-looking statements whether as a result of a new information, future events or otherwise, except to the extent legally required.

 

Frankfurt am Main, 23 May 2016

 

Grand Chip Investment GmbH

 

Mr Zhendong Liu, Managing Director (Geschäftsführer)

 




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