NORWALK, Conn., May 26 /PRNewswire-FirstCall/ -- Trans-Lux Corporation (AMEX:TLX), a leading supplier of programmable electronic information displays and operator of cinemas, today announced it has called for redemption on June 15, 2006 (the "Redemption Date"), all of its 7-1/2% Convertible Subordinated Notes due December 1, 2006 (the "7-1/2% Notes"). There is $12.2 million aggregate principal amount of the 7-1/2% Notes outstanding.
Prior to 5:00 p.m. EDT on June 14, 2006, holders may convert their 7-1/2% Notes into shares of the Company's Common Stock, $1 par value per share, at the rate of $14.013 per Note. Alternatively, holders may have their 7-1/2% Notes redeemed at a total redemption price of $1,003.12 per $1,000 principal amount of 7-1/2% Notes consisting of $1,000 principal amount plus accrued interest of approximately $3.12. Any 7-1/2% Note not converted on or before 5:00 p.m. EDT on June 14, 2006 will be automatically redeemed on June 15, 2006 after which interest will cease to accrue.
A Notice of Redemption and a Letter of Transmittal are being mailed to all registered holders of the 7-1/2% Notes. Copies of the Notice of Redemption and the Letter of Transmittal may be obtained from the Company, by calling (203) 853-4321 or email .
Trans-Lux is a full-service, worldwide provider of integrated electronic display solutions for today's communications environments. Incorporated in 1920, Trans-Lux specializes in the design, manufacture, installation and service of large-scale indoor and outdoor LED electronic display systems for applications in the financial, banking, gaming, corporate, retail, transportation, entertainment and sports industries. Trans-Lux offers unique control systems as well as content through its partnerships with key data suppliers in the markets the Company serves. Trans-Lux has display equipment installed at thousands of locations around the world, including the world's major financial exchanges. In addition to its display business, the Company owns and operates a chain of motion picture theatres in the western Mountain States. For more information, please visit our web site at http://www.trans-lux.com/. DATASOURCE: Trans-Lux Corporation CONTACT: Angela D. Toppi, Executive Vice President & CFO of Trans-Lux, +1-203-853-4321, Web site: http://www.trans-lux.com/
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