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Chartered Semiconductor Files Registration
Statement
in the United States for Follow-On Global Offering
SINGAPORE -- April 6, 2000 -- Chartered Semiconductor Manufacturing Ltd.
(Nasdaq: CHRT and SGX-ST: CHARTERED) today announced that it has filed a
registration statement on Form F-1 with the U.S. Securities and Exchange
Commission for a follow-on global offering of 78,000,000 ordinary shares,
directly or in the form of American Depositary Shares (ADSs). Additionally,
135,000,000 ordinary shares are being offered by selling shareholders.
Chartered and one of the selling shareholders have also granted the U.S. and
international underwriters a 30-day option to purchase up to an aggregate of
31,950,000 ordinary shares, directly or in the form of ADSs, to cover
overallotments, if any.
The Company's U.S. offering will be managed by Salomon Smith Barney, Credit
Suisse First Boston, Chase H&Q, SG Cowen and Wit SoundView. The Company's
international offering will be managed by Salomon Smith Barney International,
Credit Suisse First Boston, Chase H&Q, SG Cowen, Wit SoundView, Overseas
Union Bank Limited and Vickers Ballas & Co. Pte Ltd. When available, a
copy of the U.S. prospectus may be obtained from Salomon Smith Barney Inc.,
388 Greenwich Street, New York, New York 10013; telephone 212-816-6000; Credit
Suisse First Boston Corporation, Prospectus Department, Eleven Madison Avenue,
New York, New York 10010, telephone 212-325-2000; Chase Securities, Inc., One
Bush Street, San Francisco, California 94104, telephone 415-439-3300; SG Cowen
Securities Corporation, Two International Place, Boston, Massachusetts 02110,
telephone 617-946-3700; and Wit SoundView Corporate, 22 Gatehouse Road,
Stamford, CT 06911, telephone 203-462-7200. Overseas Union Bank Limited can be
contacted at 1 Raffles Place, OUB Centre, Singapore 048616, telephone
1-800-224-2000.
- About Chartered
- Chartered Semiconductor Manufacturing Ltd. (Nasdaq: CHRT and SGX-ST:
CHARTERED) is one of the world's leading independent foundries providing wafer
fabrication services. Guided by the tenets of trust, service, partnership,
advanced technology and stability, the Company aims to provide world-class
semiconductor foundry services that enable customers to create and deliver
market-leading system-level solutions. Chartered operates five fabrication
facilities that serve high-growth, technologically advanced applications such
as communications and networking. Headquartered in Singapore, Chartered
employs approximately 3400 people at its 11 locations in North America, Asia
and Europe.
-
No Offering
- A registration statement relating to these securities has been filed with
the U.S. Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or jurisdiction.
-
- This news release is not an offer of the Company's securities for sale in
or out of the United States. The Company's securities may not be offered or
sold in the United States absent registration or an exemption from
registration. Any public offering of the Company's securities to be made in
the United States will be made by means of a prospectus that may be obtained
from the Company and that will contain detailed information about the Company
and management, as well as financial statements.
-
Safe Harbor Statement under the Provisions of the United States Private
Securities Litigation Reform Act of 1995
- This news release contains forward-looking statements, as defined in the
safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to the Company's
proposed follow-on global offering and the selling shareholders' proposed
secondary offering and reflect the Company's current views with respect to
future events and financial performance, and are subject to certain risks and
uncertainties, which could cause actual results to differ materially from
those anticipated. For example, the Company and/or the selling shareholders
may decide not to effect the follow-on and/or secondary offerings or may elect
to change the proposed terms or timing thereof. Although the Company believes
the expectations reflected in such forward-looking statements are based upon
reasonable assumptions, it can give no assurance that its expectations will be
attained. A description of certain of the risks and uncertainties which could
cause actual results to differ materially from those indicated in the
forward-looking statements can be found in the section captioned "Risk
Factors" in the Company's Annual Report on Form 20-F filed with the U.S.
Securities and exchange Commission. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
-
- Chartered completed its global initial public offering in October 1999 and
is traded in the United States on Nasdaq and in Singapore on the Singapore
Exchange Securities Trading Limited (SGX-ST).
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