LEUVEN, Belgium – December 9, 2009 – Option, the wireless technology company, announces that Gimv NV commits itself to support Option’s rights issue subject to certain conditions.
Gimv has committed to subscribe to the capital increase for an amount of EUR 2.5 million, in case and to the extent that not all unexercised rights would be sold in the private placement following the rights subscription period. The commitment of Gimv is subject to the Company raising at least EUR 8.5 million (excluding Gimv’s commitment) within the framework of the contemplated rights issue.
As was announced earlier, Jan Callewaert, representing 17.34 per cent of the company’s issued share capital (personally and through his wholly owned Pepper NV), has committed to exercise all his rights and to subscribe to the capital increase.