FOR RELEASE: IMMEDIATE
Leuven, Belgium, April 20, 2004
Option NV (Euronext Brussels: OPTI) today announces that the private placement closed successfully with the issuance of 551.724 new shares. The new shares have been issued at an issuance price of 14,50 EUR per share and placed with a group of selected European institutional investors. As a result of the private placement, Option raised a total of 8.000.000 EUR.
The new shares issued as a result of this private placement will have similar rights as the existing shares of Option NV.
The annual report for the fiscal year ending December 31, 2003 and other interim reports of Option NV are available through the company’s website www.option.com.
KBC Securities acted as manager of the private placement.
For more information please contact:
Frederic Convent, CFO & General Counsel
Tel +32 (0)16 317 411
investor@option.com
About Option
Option NV (www.option.com), the wireless technology company, is a leading innovator in the design, development and manufacture of 3G WCDMA (UMTS), EDGE, GPRS, GSM and WLAN technology products for wireless connectivity solutions. Option has built up an enviable reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option’s headquarters are in Leuven, Belgium. The company has Research & Development in Leuven, a Software and Applications development centre in Adelsried (Germany) and an ISO 9002 production engineering and logistics facility in Cork, Ireland. More information can be found at www.option.com .
Option and the Option logo are trademarks of Option NV.