By Mauro Orru 
 

Ams AG (AMS.EB) said Tuesday that it would place 3.35 million treasury shares to institutional investors through a private placement to boost its shareholder base.

The Austrian sensor company said it expects the placement to be executed ahead of an upcoming rights issue.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

January 28, 2020 01:58 ET (06:58 GMT)