Leuven – Belgium, June 9 2005 – Option N.V. (Euronext: OPTI, OPIN.BR), the wireless technology company today announced that, with a view to increasing the liquidity of the Option shares and their visibility to the US investors, it has decided to implement a Level I American Depositary Receipts (“ADR”) Program. An F-6 registration statement is being filed with The Securities and Exchange Commission and it is expected that the program will be declared effective in the coming weeks.
This Level I ADR Program has the following characteristics:
• ADRs are U.S. securities issued by a depositary bank representing shares of a non-US company. In this case The Bank of New York has been selected as depositary bank;
• An ADR gives, investors a voting right and future dividend rights according to the terms and conditions of the deposit agreement entered into between The Bank of New York, Option and future ADR holders;
• An ADR gives US investors access to the Option shares through the
over-the-counter market o¬n which ADRs are freely negotiable in the US.
Summary table
Effective Date: June 2005
Exchange: OTC
Ticker Symbol: OPNVY
CUSIP Number: 68401K 10 7
Ratio: 1 ADR: 1 Ordinary Share
Underlying share description: Common
Depositary Bank: The Bank of New York
For further information please contact
Jan Callewaert, CEO
Frederic Convent, CFO
Kolonel Begaultlaan 45
B-3012 Leuven, Belgium
Tel: +32 (0) 16/31.74.11
Fax: +32 (0) 16/31.74.90
E-mail: investor@option.com
Contact at Bank of New York
+ 1 212 815 2291
+ 44 207 964 6080
About Option
Option NV (www.option.com), the wireless technology company, is a leading innovator in the design, development and manufacture of 3G WCDMA (HSDPA and 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.
This announcement does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase to subscribe for, any securities in Option N.V.