Ascom: Convocation of an Extraordinary Shareholders’ Meeting

Sterling Investment Group and Swissfirst Bank require the convocation of an Extraordinary Shareholders’ Meeting to resolve a share buy-back programme.
On 1 September 2005 Ascom was informed by Sterling Investment Group and Swissfirst Bank, which together represent more than 10% of the outstanding registered shares of Ascom Holding AG, that they request the convocation of an Extraordinary Shareholders’ Meeting until 14 October 2005 latest, with the following stipulated motion:

Share buy-back program

The Board of Directors is instructed and authorized, to buy-back own shares in a maximum total amount of CHF 288 million through a second trading line at virt-x as soon as, and immediately after the divestment of the division Transport Revenue has been legally implemented. These shares are definitely intended for cancellation and shall not be regarded as own shares held, in terms of Art. 659 OR (Swiss Code of Obligations). The necessary change in the articles of incorporation (reduction of share capital) will be submitted for approval to the Ordinary General Meeting 2006.
This media release is a translation of the original German version. The German language version is binding.

About Ascom

ascom.gifAscom is an international solution provider with comprehensive technological know-how. In future the company aims to concentrate on the core areas of Wireless Solutions (high-value on-site communications solutions) and Security Solutions (applications for security, communication, automation and control systems for infrastructure operators, public security institutions and the army). The other areas mainly comprise Transport Revenue (revenue collection systems for public transport, parking and toll) and Network Integration (network solutions for the data/voice convergence market). With a wealth of experience in implementing complex projects for discerning customers, Ascom has established itself in important key markets. Offerings range from analysis and consulting to system design and system integration, project management, engineering and implementa-tion, right through to maintenance and support. The company has subsidiaries in 20 countries and a workforce of circa 3,600 employees worldwide. Ascom registered shares (symbol ASCN) are listed on the SWX Swiss Exchange in Zurich.
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