ON Semiconductor Files Shelf Registration Statement for Common Stock.Business Editors PHOENIX--(BUSINESS WIRE)--March 30, 2004 ON Semiconductor (Nasdaq: ONNN) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC) relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offer, from time to time, of up to approximately 111.8 million shares of common stock by TPG TPG Texas Pacific Group TPG Tapping TPG Transports Publics Genevois (Geneva, Switzerland public transportation) TPG Test Pattern Generator TPG TNT Post Group TPG Trésorier Payeur Général Advisors II Inc., a selling stockholder. The timing and amount of any offerings will depend on market and general business conditions. The selling stockholder is currently subject to a lock-up agreement Lock-Up Agreement A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. executed in connection with a share offering in February February: see month. 2004, which prohibits the sale of any shares prior to May 4, 2004. The company will not receive any of the proceeds from the sale of shares by the selling stockholder. "ON Semiconductor has been and continues to be an important investment for TPG," commented John Marren, partner, TPG. "We are taking the opportunity to register our shares in ON Semiconductor such that we can pursue realizations of our position in ON Semiconductor at the appropriate times and in an orderly orderly /or·der·ly/ (or´der-le) an attendant in a hospital who works under the direction of a nurse. or·der·ly n. An attendant in a hospital. manner." A registration statement relating to these securities has been filed with the SEC 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. About ON Semiconductor ON Semiconductor offers an extensive portfolio of power- and data-management semiconductors and standard semiconductor components that address the design needs of today's sophisticated electronic products, appliances and automobiles. For more information visit ON Semiconductor's Web site at http://www.onsemi.com. ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its Web site in this news release, such information on the Web site is not to be incorporated herein. |
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