Martinsried/Munich, Germany; Mahwah, New Jersey, USA. February 14, 2006. JDS Uniphase plans to sell all of its remaining 4,269,616 shares in ADVA, or about 11.6% of ADVA's issued shares. The transaction follows an earlier sale of about 4.3 million shares in ADVA executed in September 2005 and is part of an overall optimization of JDS Uniphase's general investment portfolio. The shares will be offered in a private placement to institutional investors managed by JPMorgan by way of an accelerated bookbuilding process on February 14. A full exit by JDS Uniphase would increase ADVA's free float from 68% to about 80%.
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ABOUT ADVA OPTICAL NETWORKING
ADVA Optical Networking (FSE: ADV) is a leading global provider of Optical+Ethernet networking solutions for rapid and cost-effective provisioning of high-speed data, storage, voice and video services in the metropolitan area. Leveraging core competencies in Optical+Ethernet technologies together with expertise in enterprise applications, ADVA focuses on delivering end-to-end solutions from enterprise sites to carrier regional infrastructure. ADVA's carrier-class Fiber Service Platform (FSP) portfolio is explicitly designed to enhance services, simplify networks and reduce the total cost of ownership. ADVA's solutions have been deployed at over 100
carriers and several thousand enterprises worldwide. For further information about ADVA: www.advaoptical.com.
carriers and several thousand enterprises worldwide. For further information about ADVA: www.advaoptical.com.
NO OFFER OF SECURITIES FOR SALE IN THE UNITED STATES
This announcement is not being issued in the United States of America and should not be distributed to United States persons or publications with a general circulation in the United States. This announcement does not constitute an offer of securities for sale in the United States. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. No public offering of the securities will be made in the United States.
Published by:
ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany
ADVA Optical Networking Inc., Mahwah/New Jersey, USA
ADVA Optical Networking Corp., Tokyo, Japan
FOR INVESTORS:
Wolfgang Guessgen
t +49 89 89 0665 240 (Europe)
t +1 201 258 8300 (U.S.)
t +81 3 5408 5891 (Asia)
FOR PRESS:
Christine Keck
t +49 89 89 0665 0 (Europe)
t +1 201 258 8293 (U.S.)
t +81 3 5408 5891 (Asia)