OPTION announces rights issue
LEUVEN, Belgium - November 30, 2009 - Option today announces its intention to raise approximately EUR 20 million, by way of a public market transaction with nonstatutory preferential rights to existing shareholders. It is expected that the subscription
period will start on or about December 7th.
The rights are expected to be tradable on Euronext Brussels. The detailed terms and conditions of the transaction will be announced in due time.
Jan Callewaert, both personally and through his wholly owned Pepper NV, represents 17.34 per cent of the company's issued share capital and has the intention to exercise all his rights and to subscribe to the capital increase.
The proceeds from the capital increase will be used to strengthen the company's capital structure, enable it to support the reorganization of its operations which is projected to
cost EUR 7 million, and to continue the implementation of its new business strategy.
ING is acting as lead manager and bookrunner.
Contact
JP Ziegler, CFO
Gaston Geenslaan 14
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
FAX: +32 (0) 16 31 74 90
E-mail: investor@option.com
About Option
Option, the wireless technology company is a leading innovator in the design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN technology products for wireless connectivity solutions. Option has established an impressive reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option is headquartered in Leuven, Belgium.
The company also has Research & Development in Belgium (Leuven), Germany(Düsseldorf and Augsburg) and an ISO 9001 production engineering and logistics facility in Ireland (Cork). Option maintains offices in Europe, US, Greater China, Japan and Australia.
For more information please visit www.option.com.
Copyright ©2009 OPTION. All rights reserved. All product and company names herein may be (registered) trademarks or trade names.
period will start on or about December 7th.
The rights are expected to be tradable on Euronext Brussels. The detailed terms and conditions of the transaction will be announced in due time.
Jan Callewaert, both personally and through his wholly owned Pepper NV, represents 17.34 per cent of the company's issued share capital and has the intention to exercise all his rights and to subscribe to the capital increase.
The proceeds from the capital increase will be used to strengthen the company's capital structure, enable it to support the reorganization of its operations which is projected to
cost EUR 7 million, and to continue the implementation of its new business strategy.
ING is acting as lead manager and bookrunner.
Contact
JP Ziegler, CFO
Gaston Geenslaan 14
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
FAX: +32 (0) 16 31 74 90
E-mail: investor@option.com
About Option
Option, the wireless technology company is a leading innovator in the design, development and manufacture of 3G HSUPA, HSDPA, UMTS, EDGE, and WLAN technology products for wireless connectivity solutions. Option has established an impressive reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option is headquartered in Leuven, Belgium.
The company also has Research & Development in Belgium (Leuven), Germany(Düsseldorf and Augsburg) and an ISO 9001 production engineering and logistics facility in Ireland (Cork). Option maintains offices in Europe, US, Greater China, Japan and Australia.
For more information please visit www.option.com.
Copyright ©2009 OPTION. All rights reserved. All product and company names herein may be (registered) trademarks or trade names.
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