ADB Group announces closing of the share repurchase program
(Thomson Reuters ONE) -
ADB Holdings S.A. / ADB Group announces closing of the share repurchase program processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Geneva - 18 February 2010
Advanced Digital Broadcast Holdings SA (SIX: ADBN) announced today the closing
of its share repurchase programme approved by its Annual General Meeting of
Shareholders held on 26 June, 2009, and launched on 7 September, 2009.
The company has repurchased a total of 619,054 of its own shares, which
represents 10.0% of the issued and outstanding company's share capital, through
a dedicated trading line (SIX: ADBNE). The share repurchase program had a limit
of 619,054 shares, which was fully achieved.
As of today, the company owns a total of 1,201,517 of its own registered shares,
or 19.4% of its issued and outstanding share capital. At the next Annual General
Meeting, shareholders of the company will decide on the reduction of the
company's share capital with a total number of 619,054 shares.
This press release and further information on ADB Group can be found on the
Group's website atwww.adbholdings.com
For further information please contact:
Tina Nyfors
EVP, Corporate Development
Tel: +41 22 592 8433
Fax: +41 22 592 8432
t.nyfors(at)adbglobal.com
-end-
About ADB Group (SIX: ADBN)
ADB Group (www.adbholdings.com
1995 and is a leading developer of solutions required to view and interact with
digital TV broadcast through cable, satellite, terrestrial and IP networks. The
Group primarily sells consumer premise devices, including set-top boxes, with
over 15 million units deployed since 1997. The development and sales of the
Group's products and services are conducted through ADB (www.adbglobal.com
This press release contains forward-looking statements. You are cautioned that
any such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those in the forward-looking statements as a result of various factors,
among which:
* future developments of the world digital TV market, in particular the future
demand for digital TV products in the key markets and from key customers
served by our Group;
* pricing pressures, competitive market situation;
* our and the industry's capability to successfully and timely innovate and
develop challenging technology, and our capability to hire and retain
high-level employees;
* changes in the exchange rates between the US$ and the main other operating
currencies of the Group, including the Euro and the Polish Zloty;
* our ability in an intensive competitive environment, to continue securing
orders from existing or new customers and to achieve our pricing
expectations for volume supplies of new products in whose development we
have or are currently investing;
* the ability of our suppliers to meet our demands for supplies, qualitatively
or quantitatively, and to offer competitive pricing;
* our gross margin could vary significantly from expectations based on changes
in revenue levels, product mix and pricing, changes in unit costs, and the
timing and execution of shipments ramp-ups;
* changes in the economic, tax, social or political environment, including
import and other duties, military conflict, terrorist activities, as well as
natural events such as severe weather, health risks, epidemics or
earthquakes in the countries in which we, our key customers and our
suppliers operate;
* our ability to obtain required licenses on third-party intellectual property
on reasonable terms and conditions, the impact of potential claims by third
parties involving intellectual property rights relating to our business, and
the outcome of litigation;
* the results of actions by our competitors, including new product offerings
and our ability to react thereto;
Advanced Digital Broadcast Holdings SA undertakes no obligation to publicly
update or revise any forward-looking statements. Advanced Digital Broadcast
Holdings SA reserves the right to amend the information at any time without
prior notice.
The information contained in this press release may not be considered as being a
substitute for economic, legal, tax or other advice and you are cautioned to
base investment decisions or other decisions on the content of this release. You
are recommended to consult your investment advisers or other advisers prior to
making any decision.
This press release is not an offer of securities for sale or a solicitation to
invest in Advanced Digital Broadcast Holdings SA securities. In particular, it
is not an offer of securities for sale in the United States of America, its
territories and possessions. Securities may not be offered or sold in the
United States absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Advanced Digital Broadcast Holdings
S.A. does not intend to register its securities in the United States of America.
[HUG#1386090]
--- End of Message ---
ADB Holdings S.A.
Avenue de Tournay 7 Chambesy Switzerland
ISIN: CH0021194664;
Media release (PDF): http://hugin.info/136393/R/1386090/344755.pdf
Unternehmensinformation / Kurzprofil:
Datum: 18.02.2010 - 14:30 Uhr
Sprache: Deutsch
News-ID 12675
Anzahl Zeichen: 0
contact information:
Town:
Chambesy
Kategorie:
Business News
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