Executive Management Team Invests in InfoVista’s Future
Paris, France – January 6, 2009 – InfoVista (Euronext: IFV, ISIN: FR0004031649), the leading provider of service performance assurance, today announced that InfoVista’s executive management team, which consists of seven C-level and Senior Vice Presidents, invested €412,321 in the purchase of 1,178,060 warrants of the Company. Philippe Ozanian, Chief Executive Officer, personally invested €239,640 in the purchase of 684,685 warrants. As of December 15, 2009, the entire warrant program represents around 6.5% of the 18,009,904 issued shares of the Company.
On December 15, 2009, the shareholders’ meeting voted to adopt a resolution to provide InfoVista’s Board of Directors the ability to implement the warrant program. These warrants have a three-year lifetime and may only be exercised after a holding period of two years. The management team’s investment will only be profitable once the trading price of InfoVista shares exceeds €3.86 (€0.35 subscription price + €3.51 exercise price), which is 25% higher than the closing price on December 16, 2009. InfoVista’s management team thereby demonstrates confidence in its ability to create future value.
A special report of the Board of Directors and a report of the statutory auditors on the final terms and conditions and on the impact of the issuance of these warrants are available at InfoVista’s head office. Shareholders may send a request for these documents.
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Americas & Asia Erin HableAccount Executive Sterling Kilgore, Inc. (630) 964-8500 ext. 222 ehable@sterlingkilgore.com |
Europe, Middle East & Africa Clémentine Hegele / Alexandra KedwardHotwire PR France +33 1 43 12 55 48 / +33 1 43 12 55 66 clementine.hegele@hotwirepr.com alexandra.kedward@hotwirepr.com |
