TTM Announces Pricing of Secondary Offering of Common Stock by Selling Stockholder
November 17 2016 - 7:00AM
TTM Technologies, Inc. (NASDAQ:TTMI) ("TTM") announced today that
it has priced 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”), at
$11.50 per share, 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. The
offering is expected to close on November 22, 2016. No shares of
common stock are being sold by TTM in the offering.
J.P. Morgan Securities LLC acted as sole book-running manager in
the offering. Needham & Company, LLC and Stifel, Nicolaus &
Company, Incorporated acted 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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