Press Release
22 March 2018

Sensirion Holding AG prices its IPO at CHF 36 per share and lists on SIX Swiss Exchange

- Sensirion Holding AG, a leading global manufacturer of environmental and flow sensors domiciled in Staefa, Switzerland, has priced the Initial Public Offering (IPO) of its shares on SIX Swiss Exchange. Sensirion shares (ticker symbol: SENS) will be traded on SIX Swiss Exchange from today.

- In the IPO, the offered shares were several times oversubscribed due to strong demand from Swiss and international institutional shareholders as well as domestic private investors.

- The shares of Sensirion were priced at CHF 36 per share, at the top end of the price range, corresponding to a placement volume of CHF 276 million and a total market capitalization for Sensirion of CHF 504 million (before exercise of the over-allotment option).

- Sensirion will raise gross proceeds from the IPO of CHF 55 million (before exercise of the over-allotment option).

- Sensirion has established a stable pool of anchor shareholders, including the Founders and Co-Chairmen of Sensirion, Moritz Lechner and Felix Mayer, with the objective of creating long-term value for its shareholders by maintaining the company's entrepreneurial long-term strategy.

Commenting on today's announcement Felix Mayer, Founder and Co-Chairman of the Board of Directors of Sensirion Holding AG, said: "It is great to open this next chapter of Sensirion as a public company. Since its inception 20 years ago, Sensirion has shown its ability to adapt to new market trends and delivering growth through several macroeconomic cycles and technology transformations. With the established pool of anchor shareholders, we will ensure the sustainable development of Sensirion. Moritz Lechner and I will remain fully committed to Sensirion and look forward to capturing the growth opportunities in environmental and flow sensors with our dedicated team."

Marc von Waldkirch, CEO of Sensirion, added: "We are delighted by the successful placement of our shares and the strong investor interest in Sensirion. Swiss and international institutional as well as domestic private investors are convinced of our robust business model benefitting from secular trends and the attractive prospects in the sensor industry. The increased public visibility of Sensirion combined with our entrepreneurial company culture can help us to attract the best talents available by benefitting in the long-term of a highly committed and qualified workforce. We welcome our new shareholders and look forward to building on the broader shareholder base for the further development of Sensirion."

The bank syndicate placed 6,150,000 existing shares being offered by the majority shareholder, Gottlieb Knoch, and 1,530,000 newly issued shares offered by Sensirion in the base offering. The net proceeds from the primary offering will provide Sensirion with enhanced flexibility for its future financing and corporate strategy and will enable Sensirion to exploit additional growth opportunities. Sensirion has also granted the Joint Global Coordinators an over-allotment option of up to 1,152,000 newly issued registered shares, representing up to 15% of the total number of shares in the base offering, exercisable within 30 calendar days after the first day of trading on SIX Swiss Exchange. If the over-allotment option is exercised in full, the placement volume of the IPO will be CHF 318 million and the total market capitalization for Sensirion will be CHF 545 million.

The shareholder structure will consist of a stable pool of anchor shareholders, including the Founders, who will collectively hold 33.6% of the share capital (31.1% if the over-allotment option is exercised in full). Management shareholders and the company have committed to a lock-up period of 12 months after the first trading day. The selling shareholder has committed to a lock-up period of six months after the first trading day.

Credit Suisse and J.P. Morgan are acting as Joint Global Coordinators and Joint Bookrunners, along with Vontobel as Co-Bookrunner. Lazard is acting as financial adviser and Homburger AG as legal adviser to Sensirion.
 

Key data

Contact information
Investor Relations
Andrea Wüest, Director Investor Relations
Phone: +41 44 927 11 40
E-mail: andrea.wueest@sensirion.com

Media
Andreas Meile, Head Marketing & Communications
Phone: +41 44 306 49 06
E-mail: andreas.meile@sensirion.com

About Sensirion Holding AG

Sensirion Holding AG, headquartered in Staefa, Switzerland, is a leading manufacturer of digital microsensors and systems. The product range includes gas and liquid flow sensors, differential pressure sensors and environmental sensors for the measurement of humidity and temperature, volatile organic compounds (VOC), carbon dioxide (CO₂) and particulate matter (PM2.5). An international network with sales offices in the US, Europe, China, Taiwan, Japan and South Korea supplies international customers with standard and custom sensor system solutions for a vast range of applications. Sensirion sensors can commonly be found in the medical, industrial, automotive and consumer end markets. Sensirion is a global player with approximately 735 employees. Revenues in the financial year 2017 amounted to CHF 148 million. For further information visit: www.sensirion.com.

Disclaimer
This document and the information contained herein are not for distribution in or into (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful. This document does not constitute an offer of securities for sale in or into the United States, Canada, Australia or Japan.

This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Sensirion Holding AG to which these materials relate have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will not be a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in, and in reliance on, Rule 144A under the Securities Act.

This document is not an offer to sell or a solicitation of offers to purchase or subscribe for securities. This document is not a prospectus within the meaning of Article 652a of the Swiss Code of Obligations or a listing prospectus as defined in the listing rules of SIX Swiss Exchange AG. Copies of this document may not be sent to jurisdictions, or distributed in or sent from jurisdictions, in which this is barred or prohibited by law. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, in any jurisdiction in which such offer or solicitation would be unlawful prior to registration, exemption or qualification under the securities laws of such jurisdiction. A decision to invest in securities of Sensirion Holding AG should be based exclusively on the issue and listing prospectus published by Sensirion Holding AG for such purpose. Copies of such issue and listing prospectus (and any supplements thereto) can be obtained free of charge from Sensirion Holding AG, Investor Relations, Laubisruetistrasse 50, 8712 Staefa, Switzerland (email: andrea.wueest@sensirion.com), and at Credit Suisse AG, Zurich, Switzerland (email: equity.prospectus@credit-suisse.com).

This document does not constitute an "offer of securities to the public" within the meaning of Directive 2003/71/EC of the European Union, as amended (the "Prospectus Directive") of the securities referred to herein in any member state of the European Economic Area (the "EEA"). Any offers of the securities referred to in this document to persons in the EEA will be made pursuant to an exemption under the Prospectus Directive, as implemented in member states of the EEA, from the requirement to produce a prospectus for offers of the Securities. In any EEA Member State that has implemented the Prospectus Directive, this document is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.

In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2) (a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

The Joint Global Coordinators and Joint Bookrunners as well as the Co-Bookrunner and their affiliates are acting exclusively for Sensirion Holding AG and the selling shareholder and no one else in connection with the contemplated IPO. They will not regard any other person as their respective client in relation to the contemplated IPO and will not be responsible to anyone other than Sensirion Holding AG and the selling shareholder for providing the protections afforded to their respective clients, nor for providing advice in relation to the contemplated IPO, the contents of this communication or any transaction, arrangement or other matter referred to herein.

Lazard GmbH is acting exclusively as financial adviser to the Sensirion Holding AG and no one else in connection with the IPO and will not be responsible to anyone other than Sensirion Holding AG for providing the protections afforded to clients of Lazard GmbH or for providing advice in relation to the IPO or any other matters referred to in this announcement. Neither Lazard GmbH nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Lazard GmbH in connection with this announcement, any statement contained herein or otherwise.

This communication may contain statements about the future that use words such as, for example, "believe", "assume", "expect" and other similar expressions. Such statements about the future are subject to risks, uncertainties, and other factors, which can cause the true results of the company to differ significantly from that which is expressly or implicitly assumed in these statements. In view of these uncertainties, the reader should not depend on this type of statement about the future. The company gives no undertaking whatever to update such statements regarding the future, or to adapt them to future events or developments.