Chartered Commences Tender Offer for Its Outstanding Convertible Notes Due 2006.SINGAPORE -- Chartered Semiconductor Manufacturing Chartered Semiconductor Manufacturing SGX: C27 NASDAQ: CHRT (abbreviated CSM) is the world's fourth largest dedicated independent semiconductor foundry, with its headquarters and main operations located in the Woodlands Industrial Park, Kranji Singapore. (Nasdaq:CHRT CHRT Canadian Human Rights Tribunal CHRT Chert (lithological term) CHRT Consolidated Human Resource Technology ) (SGX-ST:CHARTERED) today announced that it commenced a cash tender offer (the "Tender Offer") for any and all of its US$575 million original principal amount of 2.5% Senior Convertible Notes due 2006(1) (the "Notes") outstanding. The redemption amount for the Notes at maturity is the accreted value accreted value The current value of an original-issue discount bond, taking into account imputed interest that has accumulated. at maturity of approximately US$664 million, plus accrued and unpaid 2.5% per year semi-annual interest payment. The accreted value of the Notes as of September 2, 2005, the expected settlement date of the Tender Offer, will be approximately US$652.5 million. The Tender Offer will expire at 12:01 a.m., New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. time, on Thursday, September 1, 2005, unless extended or earlier terminated (the "Expiration Time Expiration time The time of day by which all exercise notices must be received on the expiration date. Technically, the expiration time is currently 11:59AM on the expiration date, but public holders of option contracts must indicate their desire to exercise no later than 5:30PM on "). Holders who validly tender their Notes prior to the Expiration Time will be entitled to receive an amount in cash equal to US$1,140 per Note for each US$1,000 of original principal amount of Notes accepted for payment plus the pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. portion of the 2.5% per year semi-annual interest payment accrued and unpaid up to, but excluding, the settlement date of the Tender Offer. The terms and conditions of the Tender Offer, including Chartered's obligation to accept and pay the purchase price for the Notes tendered, are set forth in Chartered's Offer to Purchase Statement dated August 4, 2005 (the "Offer to Purchase"). Chartered may amend, extend or, subject to certain conditions, terminate the Tender Offer at any time prior to the Expiration Time. Chartered has appointed Goldman, Sachs & Co. as the Dealer Manager to the Tender Offer and retained Lucid Issuer Services Limited as Information and Tender Agent in connection with the Tender Offer. Any questions or requests for assistance or for additional copies of the Offer to Purchase or related documents may be directed to the Information and Tender Agent at Leroy House, 436 Essex Road, London N1 3QP, United Kingdom, telephone: (44) 20 7704 0880, facsimile: (44) 20 7067 9098, email: chartered@lucid-is.com, attention: Mr. Yves Theis. This announcement shall not constitute an offer to purchase or a solicitation of an offer to sell any securities. The Tender Offer is being made only through an Offer to Purchase and related materials. Holders of the Notes should read carefully the Offer to Purchase and related materials because they contain important information. Holders of the Notes and investors may obtain a free copy of the Tender Offer Statement on Schedule TO, the Offer to Purchase and other documents that Chartered has filed with the U.S. Securities and Exchange Commission ("SEC") at the SEC's website at www.sec.gov. These materials contain important information and holders of the Notes are urged to read them carefully prior to making any decision with respect to the Tender Offer. About Chartered Chartered Semiconductor Manufacturing (Nasdaq:CHRT) (SGX-ST:CHARTERED), one of the world's top dedicated semiconductor foundries, offers leading-edge technologies down to 90 nanometer (nm), enabling today's system-on-chip designs. Chartered further serves the needs of customers through its collaborative, joint development approach on a technology roadmap that extends to 45nm. Chartered's strategy is based on open and comprehensive design enablement solutions, manufacturing enhancement methodologies, and a commitment to flexible sourcing. In Singapore, Chartered operates a 300mm fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. facility and four 200mm facilities. (1) CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. No. 16133RAA RAA Residential Accredited Appraiser (National Association of Realtors) RAA Reinsurance Association of America RAA Reeve Aleutian Airways RAA Regional Airline Association RAA Royal Australian Artillery 4, ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. No. US16133RAA41 |
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