Genesys Conferencing Announces ADS Ratio Change; Aligns ADSs with Ordinary Shares
June 19 2006 - 12:00AM
Business Wire
Genesys Conferencing (Euronext Eurolist C: FR0004270270)
(NASDAQ:GNSY), a global multimedia conferencing leader, today
announced a change in the ratio of its American Depositary Shares
(ADSs) traded on the Nasdaq Stock Market. In order to better align
the trading price of its ADSs with its Euronext-listed ordinary
shares of common stock, the company will be changing its current
ratio of two ADSs for every one ordinary share. Effective June 29,
2006, the new ratio will be one ADS for every one ordinary share.
There will be no change to the number of Genesys Conferencing's
ordinary shares. "Today's announcement demonstrates Genesys
Conferencing's commitment to make the company more accessible to
the investment community. The change in the ADS ratio will bring
better clarity and end any possible confusion for investors between
the ordinary share and ADS listings," stated Francois Legros,
Chairman and Chief Executive Officer. The company also notes that
ADS holders may exchange their ADSs at any time with ordinary
shares by contacting its transfer agent, the Bank of New York.
Genesys Conferencing--Connecting the World for 20 Years Founded in
1986, Genesys Conferencing is a leading provider of converged
collaboration and communication services to thousands of
organizations worldwide, including more than 200 of the Fortune
Global 500. The company's flagship product, Genesys Meeting Center,
provides an integrated multimedia conferencing solution that is
easy to use and available on demand. With offices in more than 20
countries across North America, Europe and Asia Pacific, the
company offers an unmatched global presence and strong local
support. Genesys Conferencing is publicly traded on Euronext
Eurolist C in France (ISIN FR0004270270) and on the NASDAQ in the
U.S. (GNSY). Additional information is available at
www.genesys.com.
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