RNS Number : 7830B
OCZ Technology Group, Inc.
21 August 2008
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA, THE REPUBLIC OF
IRELAND, THE REPUBLIC OF SOUTH AFRICA,
ISRAEL, JAPAN OR AUSTRALIA, OR THEIR RESPECTIVE TERRITORIES OR POSSESSIONS
21 August 2008
OCZ Technology Group, Inc.
Depositary interest facility and admission to CREST
OCZ Technology Group, Inc. ("OCZ" or "the Group", AIM: OCZ) a worldwide leader in
innovative, ultra-high performance and high
reliability memory, PC components, and system builds, is pleased to announce that, with effect
from 1 September 2008 (the "Effective Date"),
OCZ shareholders will be able to hold and transfer OCZ's common shares ("Shares") within the
CREST system as depository interests, as long
as certain criteria are satisfied. This is intended to enhance the liquidity in the trading of
the Shares and allow investors who may have
previously had difficulty in dealing, to deal more easily.
The Company, through its new registrar, Computershare Investor Services (Channel Islands)
Limited (the "Registrar"), has established a
depository interest facility to enable qualifying shares ("Qualifying Shares") to be traded in
electronic form within the CREST system under
a new ISIN number. On the Effective Date, Qualifying Shares will be eligible to be transferred
to the new ISIN number. These Qualifying
Shares may then be admitted to CREST as depository interests, thereby allowing settlement of
transactions in Qualifying Shares within the
CREST system.
CREST is a UK and Irish electronic paperless share transfer and settlement system that
allows shares and other securities to be held in
electronic rather than paper form. Companies other than UK or Irish companies may not settle
their shares directly through CREST but are
required to settle them by means of a depository interest.
The transferred Qualifying Shares will be represented in CREST by the new ISIN number
US67086E1055 (AIM: OCZU). Common shares of the
Company which are not Qualifying Shares will continue to be represented by ISIN number
USU675091065 (AIM: OCZ).
Common shares will be eligible for settlement through CREST where they were issued at
least 12 months ago, whether or not in an offering
conducted outside the United States pursuant to Regulation S of the United States Securities
Act of 1933, as amended (the "US Securities
Act") and where the shareholder is not an affiliate of the Company.
Shareholders should note that in order to hold Qualifying Shares (if are eligible to do
so), they will need to provide their share
certificates to the Registrar to have any restrictive legend removed. Shareholders should then
contact their broker or custodian to arrange
to have their unrestricted shares dematerialised and transferred into the CREST system.Explanatory letters have been sent to all
shareholders.
Shareholders should contact the Registrar on +44 (0)1534 825348 if they require further
confirmation of whether their shares are
Qualifying Shares and the process for dematerialisation of their Qualifying Shares or for
receiving new share certificates.
Enquiries:
OCZ Technology Group, Inc
Art Knapp, Chief Financial Officer +1 408 733 8400
Quentin Solt, Non-executive Director + 44 (0)7768 476988
John East and Partners Limited
Bidhi Bhoma +44 20 7628 2200
College Hill
Adrian Duffield +44 20 7457 2020
Important Information:
None of the Shares have been registered under the US Securities Act and may be "restricted
securities" within the meaning of Rule 144
under the US Securities Act. Accordingly, the shares of OCZ may not be re-sold or otherwise
transferred except (a) in offshore transactions
meeting the requirements of Regulation S under the US Securities Act; (b) pursuant to an
effective registration statement under the US
Securities Act; or (c) pursuant to an available exemption under the US Securities Act.
Note to editors
OCZ develops, produces, and distributes high-performance computer components including
flash memory storage, memory modules, thermal
management solutions and computer power supplies, designed to make computers run faster, more
reliably and more efficiently.
With a reputation for innovation and excellence in a demanding and discerning market, OCZ
extended its market leadership when it
acquired PC Power & Cooling in May 2007, to become a global force in high-performance power
supply and cooling products. In October 2007, it
acquired high performance laptop and desktop computer systems maker Hypersonic PC to further
diversify its product offerings.
Based in the heart of Silicon Valley, OCZ employs approximately 250 staff across offices
in the USA (Sunnyvale and San Diego), Canada,
Holland and its manufacturing and logistics centre in Taiwan.
www.ocztechnology.com
This information is provided by RNS
The company news service from the London Stock Exchange
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