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2002 |
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Option Announces Successful
Closing of Private Placement
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FOR IMMEDIATE RELEASE:
TUESDAY 4 JUNE 2002
LEUVEN, BELGIUM – OPTION (Nasdaq Europe: OPIN) today
announced that a private placement of 611.620 ordinary
shares has been fully subscribed by Belgian institutional
investors Quest for Growth NV and Mercator Verzekeringen
NV. The proceeds of the private placement amount to US$
2.0 million (EUR 2.122.369,23).
The subscription price was fixed at 3,27 USD, based on
the average of the stock price of the existing ordinary
shares on Nasdaq Europe during the 30 calendar days preceding
the issuance of the new shares. The company intends to
file a request for admission to trade the new shares on
Nasdaq Europe shortly.
The proceeds of the capital increase will be used to ensure
that adequate financial resources are available to further
expand on the product portfolio.
About Option – “Wireless
Technology” – NASDAQ Europe: OPIN
Option is the leading innovator in wireless communications.
The company designs, develops and manufactures a family
of products for wireless solutions. Option has built up
an enviable reputation for creating exciting new products
that enhance the performance and functionality of wireless
communications. Option’s headquarters are in Leuven,
Belgium. The company has R&D centers in Leuven, Cambridge
(UK) and Adelsried (Germany) and a production engineering
facility in Cork, Ireland. More information can be found
at www.option.com
Johan De Lille
Chief Financial Officer
Option
T: + 32 (0)16 317 411
E: j.delille@option.com
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