SOURCE: Option

December 09, 2009 01:30 ET

Option announces commitment of Gimv to its rights issue

LEUVEN, BELGIUM--(Marketwire - December 9, 2009) -

Option, the wireless technology company, announces that Gimv NV commits itself to support Option's rights issue subject to certain conditions.

Gimv has committed to subscribe to the capital increase for an amount of EUR 2.5 million, in case and to the extent that not all unexercised rights would be sold in the private placement following the rights subscription period. The commitment of Gimv is subject to the Company raising at least EUR 8.5 million (excluding Gimv's commitment) within the framework of the contemplated rights issue.

As was announced earlier, Jan Callewaert, representing 17.34 per cent of the company's issued share capital (personally and through his wholly owned Pepper NV), has committed to exercise all his rights and to subscribe to the capital increase.

For the PDF version of the press release in English or in Dutch, please click on the links below:

Option announces commitment of Gimv to its rights issue:

Option kondigt engagement van Gimv aan bij haar kapitaalverhoging:

JP Ziegler, CFO
Gaston Geenslaan 14
B-3001 Leuven, Belgium
TEL: +32 (0) 16 31 74 11
FAX: +32 (0) 16 31 74 90

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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