ADB Holdings S.A. / Intention to form a new shareholder group processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Geneva - 24 June 2010
In compliance with the Federal Act on Stock Exchanges and Securities Trading,
Advanced Digital Broadcast Holdings S.A. announces that on 24 June 2010, its
largest shareholder group, Andrew Rybicki Group, informed the Company of the
following:
Andrew Rybicki Group (currently holding 33.5% of the Company shares) is in the
process of being replaced by a Luxembourg-based holding company named 4T S.A.
Current Andrew Rybicki Group members (Andrew Rybicki, Maria Rybicki, Katherine
Rybicki-Justo and Sofia Justo) will contribute their shares into this new
entity, together with the following members of the Company management and its
Board of Directors, who also intend to join 4T S.A. (in alphabetical order):
Krzysztof Bilinski William Luehrs
Alessandro Brenna Pierre-Alain Nicati
Chun Mei Chang Tina Nyfors
Stan Hemphill François Pogodalla
John Justo Thomas Steinmann
Krzysztof Kolbuszewski Janusz Szajna
Chen Yun Lu Belinda Wong
After completion of the intended share transfers, 4T S.A. will hold a total of
2'314'147 shares of the Company, or 37.4% of the current share capital.
Mr. Andrew Rybicki, Founder of the ADB Group, stated: "The time has come for
me to take concrete actions to secure a smooth succession to the next
generation management team. By creating this new shareholder group, I know
that their interests are perfectly aligned with all of the shareholders as
well as with the best interests of the Company. Share participation, requiring
the management team to personally invest, is also an increasingly popular way
to secure that the management attention stays firmly in increasing the
shareholder value. All the participants have a proven track record of
delivering results, and I rest assured that the Company will be in good hands
also going forward."
The finalization of the 4T S.A. shareholding arrangements is subject to Swiss
Takeover Board approval.
This press release and further information on ADB Group, is available at the
Group website at www.adbholdings.com.
For further information please contact:
Tina Nyfors
Executive Vice President
Corporate Development
Tel: +41 22 592 8433
Fax: +41 22 592 8432
t.nyfors@adbglobal.com
-end-
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 15 million units
deployed since 1997. The development and sales of the Group's products and
services are conducted through ADB (www.adbglobal.com), and Vidiom Systems
(www.vidiom.com).
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 which:
* 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 Polish Zloty;
* 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 pricing;
* 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.
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.
[HUG#1427016]
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ADB Holdings S.A.
Avenue de Tournay 7 Chambesy Switzerland
ISIN: CH0021194664;
Intention to form a new shareholder group: http://hugin.info/136393/R/1427016/374702.pdf
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Source: ADB Holdings S.A. via Thomson Reuters ONE
