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Chartered Semiconductor Files Amended
Registration
Statement for Global Offering
SINGAPORE / MILPITAS, Calif. -- May 1, 2000 -- Chartered Semiconductor
Manufacturing Ltd (Nasdaq: CHRT and SGX-ST: CHARTERED) today announced that it
has filed an amended registration statement with the US Securities and
Exchange Commission for its previously postponed global offering of
213,000,000 ordinary shares, directly or in the form of American Depositary
Shares (ADSs). As amended, the global offering now consists of 175,000,000
ordinary shares, directly or in the form of ADSs, consisting of 78,000,000
ordinary shares offered by Chartered and 97,000,000 ordinary shares 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 26,250,000 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, Overseas Union Bank
Limited, SG Cowen, Vickers Ballas & Co. Pte Ltd and Wit SoundView. 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 Group,
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.
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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.
-
- 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). The Company reported 1999
revenues of US $694.3 million.
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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.
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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 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.
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