Cancellation of 619'054 shares of Advanced Digital Broadcast Holdings S.A.
(Thomson Reuters ONE) -
ADB Holdings S.A. /
Cancellation of 619'054 shares of Advanced Digital Broadcast Holdings S.A.
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The issuer is solely responsible for the content of this announcement.
Geneva - 11 October 2010
On 18 February 2010 Advanced Digital Broadcast Holdings S.A. closed a share
buyback program, which had commenced on 7 September 2009. Under the program,
the company purchased a total of 619'054 of its own shares, which represented
10.0% of the issued and outstanding share capital of the company. The shares
were bought back through a dedicated trading line.
At the Annual General Meeting of Shareholders, held on 25 June 2010, the
shareholders approved the proposal of the Board of Directors to reduce the
share capital by way of cancellation of the 619'054 shares repurchased under
the program.
The shares were cancelled effective as of 5 October 2010. The amount of issued
and outstanding shares at Advanced Digital Broadcast Holdings S.A. is
therefore now 5'571'488.
This press release and further information on ADB Group can be found on the
Group's website at www.adbholdings.com
For further information please contact:
Tina Nyfors
Executive Vice President
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) was founded in 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 sells digital Pay-TV
solutions, including consumer premise devices (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), and
Vidiom Systems (www.vidiom.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
SA does not intend to register its securities in the United States of America.
[HUG#1450924]
--- End of Message ---
ADB Holdings S.A.
Avenue de Tournay 7 Chambesy Switzerland
ISIN: CH0021194664;
Cancellation of shares:
http://hugin.info/136393/R/1450924/392189.pdf
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originality of the information contained therein.
Source: ADB Holdings S.A. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 11.10.2010 - 18:00 Uhr
Sprache: Deutsch
News-ID 45025
Anzahl Zeichen: 0
contact information:
Town:
Chambesy
Kategorie:
Business News
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