TTM Announces Secondary Offering of Common Stock by Selling Stockholder
November 14 2016 - 4:10PM
TTM Technologies, Inc. (NASDAQ:TTMI) ("TTM") announced today that
it has commenced an underwritten registered public secondary
offering of 12,000,000 shares of its common stock by its largest
stockholder, Su Sih (BVI) Ltd. (the “Selling Stockholder”),
pursuant to TTM’s shelf registration statement filed with the
Securities and Exchange Commission. The Selling Stockholder will
receive all of the proceeds from the offering. The underwriters
have a 30-day option to purchase up to an additional 1,800,000
shares of common stock from the Selling Stockholder. No shares of
common stock are being sold by TTM in the offering.
J.P. Morgan Securities LLC is acting as sole book-running
manager in the offering. Needham & Company, LLC and Stifel,
Nicolaus & Company, Incorporated are acting as co-managers in
the offering. The offering of these securities is being made by
means of a prospectus supplement and the accompanying prospectus
only, copies of which may be obtained from J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 or by calling toll-free 1-866-803-9204.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About TTM TTM Technologies, Inc. is a major
global printed circuit board manufacturer, focusing on quick-turn
and technologically advanced PCBs, backplane assemblies and
electro-mechanical solutions. TTM stands for time-to-market,
representing how TTM's time-critical, one-stop manufacturing
services enable customers to shorten the time required to develop
new products and bring them to market.
IR Contact
Sameer Desai
Senior Director, Corporate Development & Investor Relations
sameer.desai@ttmtech.com
714-327-3050
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