ADB Group Launches A Share Repurchase Programme|
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The issuer is solely responsible for the content of this
Geneva - 7 September 2009
Advanced Digital Broadcast Holdings S.A. (SIX: ADBN) announced today
the commencement of a share repurchase programme.
The Company will purchase a maximum of 619,054 of its own shares, or
10% of its share capital for the purpose of subsequently reducing its
share capital, as agreed at the Annual General Meeting of the
Shareholders held on 26 June, 2009. For this share repurchase
programme, a separate trading line at SIX Swiss Stock Exchange has
been established (securities number for the second trading line:
10500835; ISIN: CH0105008350; ticker: ADBNE). The Company is the
exclusive buyer on this trading line.
The programme commences today, and will close on September 7, 2010 at
the latest. The Company retains the right to amend the duration of
the programme at any time.
The Company has appointed Bank am Bellevue AG as agent for this
Investors wishing to sell their shares on the second trading line are
invited to carefully review their tax situation, and to seek
professional advice. Information related to this repurchase programme
is available on the Company's website at www.adbholdings.com.
For further information please contact:
EVP, Corporate Development
Tel: +41 22 592 8433
Fax: +41 22 592 8432
NOTE: This communication does not constitute a prospectus for
quotation under article 652a CO. Also, please note that for shares
purchased on the second trading line, the Swiss federal withholding
tax of 35% on the difference between the repurchase price of the
shares and their nominal value of CHF 0.25 shall be deducted.
About ADB Group (SIX: ADBN)
ADB Group (www.adbholdings.com) was founded in 1995 and is a leading
developer of solutions required to view and interact with digital TV
broadcast through cable, satellite, terrestrial and IP networks. The
Group primarily sells consumer premise devices, including set-top
boxes, with over 13 million units deployed since 1997. The
development and sales of the Group's products and services are
conducted in two main operating segments: the Digital TV Equipment
segment, mainly operated by ADB (www.adbglobal.com), and Software and
Services segment, encompassing Osmosys (www.osmosys.tv) and Vidiom
This press release contains forward-looking statements. You are
cautioned that any such forward-looking statements are not guarantees
of future performance and involve risks and uncertainties, and that
actual results may differ materially from those in the
forward-looking statements as a result of various factors, among
* future developments of the world digital TV market, in particular
the future demand for digital TV products in the key markets and
from key customers served by our Group;
* pricing pressures, competitive market situation;
* our and the industry's capability to successfully and timely
innovate and develop challenging technology, and our capability
to hire and retain high-level employees;
* changes in the exchange rates between the US$ and the main other
operating currencies of the Group, including the Euro and the
* our ability in an intensive competitive environment, to continue
securing orders from existing or new customers and to achieve
our pricing expectations for volume supplies of new products in
whose development we have or are currently investing;
* the ability of our suppliers to meet our demands for supplies,
qualitatively or quantitatively, and to offer competitive
* our gross margin could vary significantly from expectations based
on changes in revenue levels, product mix and pricing, changes in
unit costs, and the timing and execution of shipments ramp-ups;
* changes in the economic, tax, social or political environment,
including import and other duties, military conflict, terrorist
activities, as well as natural events such as severe weather,
health risks, epidemics or earthquakes in the countries in which
we, our key customers and our suppliers operate;
* our ability to obtain required licenses on third-party
intellectual property on reasonable terms and conditions, the
impact of potential claims by third parties involving
intellectual property rights relating to our business, and the
outcome of litigation;
* the results of actions by our competitors, including new product
offerings and our ability to react thereto;
Advanced Digital Broadcast Holdings SA undertakes no obligation to
publicly update or revise any forward-looking statements. Advanced
Digital Broadcast Holdings SA reserves the right to amend the
information at any time without prior notice.
The information contained in this press release may not be considered
as being a substitute for economic, legal, tax or other advice and
you are cautioned to base investment decisions or other decisions on
the content of this release. You are recommended to consult your
investment advisers or other advisers prior to making any decision.
The Company undertakes no responsibility with respect to matters
related to taxes incurred by investors in connection with the sale of
their shares on the second trading line.
This press release is not an offer of securities for sale or a
solicitation to invest in Advanced Digital Broadcast Holdings SA
securities. In particular, it is not an offer of securities for sale
in the United States of America, its territories and possessions.
Securities may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended. Advanced Digital Broadcast
Holdings S.A. does not intend to register its securities in the
United States of America.
--- End of Message ---
ADB Holdings S.A.
Avenue de Tournay 7 Chambesy Switzerland
CH0021194664; Index: SPI, SPIEX, SSCI;
Listed: Main Market in SIX Swiss Exchange;
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