Option NV (Euronext: OPTI) announced that on December 30, 2003 , 1.066.246 new shares were issued as a result of the conversion of the subordinated bonds created on 16 July 2001
Leuven , 5 January 2004 . Option NV (Euronext: OPTI) announced that on December 30, 2003 , 1.066.246 new shares were issued as a result of the conversion of the subordinated bonds created on 16 July 2001 . As a result thereof, the capital has been increased by € 629.085, bringing the total amount of capital to € 5.510.082,34, represented by 9.285.231 outstanding shares.
GIMV NV , Jan Callewaert and Partners@Venture requested the company to convert their respective bonds. By conversion, respectively 479.811, 479.811 and 106.624 new shares were issued to GIMV, Jan Callewaert and Partners@Venture . The number of shares that can be issued upon conversion is equal to the nominal value of the bond (€ 316.542) divided by the price of the share (€ 5,9375), calculated as the average of the share price on NASDAQ Europe during (30) calendar days before the issuance of the bonds.
These subordinated convertible bonds were originally underwritten by Mr. Jan Callewaert , Option’s CEO and by GIMV NV , each obtaining ten bonds with a nominal value of € 316.542 per bond. In the course of 2002, two bonds were transferred to the company “Partners@Venture”. On 27 December 2001 the maturity date of the subordinated convertible bonds was extended until 26 January 2004 .
The shares issued by the conversion of the bonds have the same rights as the existing shares of Option NV and are listed on EURONEXT Brussels.
Shareholders’ structure after conversion:
The last annual report and the other interim reports are available on the website www.option.com
For more information please contact
Frederic Convent
Chief Financial Officer & General Counsel
Option NV
Kolonel Begaultlaan 54
3012 Leuven
Tel +32 (0)16 317 411
Jan Callewaert
President & CEO
Option NV
Kolonel Begaultlaan 54
3012 Leuven
Tel +32 (0)16 317 411