Regulatory News:
InfoVista (Paris:IFV) (Euronext: IFV, ISIN: FR0004031649), the leading provider of service performance assurance, today announced that InfoVista's executive management team, which consists of seven C-level and Senior Vice Presidents, invested €412,321 in the purchase of 1,178,060 warrants of the Company. Philippe Ozanian, Chief Executive Officer, personally invested €239,640 in the purchase of 684,685 warrants. As of December 15, 2009, the entire warrant program represents around 6.5% of the 18,009,904 issued shares of the Company.
On December 15, 2009, the shareholders' meeting voted to adopt a resolution to provide InfoVista's Board of Directors the ability to implement the warrant program. These warrants have a three-year lifetime and may only be exercised after a holding period of two years. The management team's investment will only be profitable once the trading price of InfoVista shares exceeds €3.86 (€0.35 subscription price + €3.51 exercise price), which is 25% higher than the closing price on December 16, 2009. InfoVista's management team thereby demonstrates confidence in its ability to create future value.
A special report of the Board of Directors and a report of the statutory auditors on the final terms and conditions and on the impact of the issuance of these warrants are available at InfoVista's head office. Shareholders may send a request for these documents.
About InfoVista
InfoVista enables managed service providers, mobile operators, broadband operators and enterprise IT organizations to ensure the availability and quality of the services they deliver at the lowest possible cost, empowering these organizations to successfully make the transformation from infrastructure providers to service providers. Our customers rely on InfoVista's proven solutions for service and infrastructure performance management to successfully launch new and high performance services, foresee potential service issues before they impact end users, reduce customer churn, and invest appropriately. Sample customers include Bell Canada, Bharti, BNP Paribas, Cable & Wireless, Citigroup, Defense Information Systems Agency (DISA), Deutsche Telekom, Fidelity Investments, JP Morgan Chase, KPN International, SFR, SingTel, T-Mobile, Telefonica, and Telstra. InfoVista is traded on the Euronext Paris (FR0004031649) and can be found online at www.infovista.com.
Except for historical information contained herein, the matters discussed in this news release are "forward looking statements." These statements involve risks and uncertainties which could cause actual results to differ materially from those in such forward-looking statements; including, without limitation, risks and uncertainties arising from the rapid evolution of our markets, competition, market acceptance of our products, our dependence upon spending by the telecommunications industry and our ability to develop and protect new technologies. For a description of other factors which might affect our actual results, please see the "Risk Factors" section and other disclosures in InfoVista's public filings with the French Autorité des Marchés Financiers. Readers of this news release are cautioned not to put undue reliance on any forward-looking statement. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
InfoVista is a registered trademark of InfoVista, S.A.
Contacts:
InfoVista
Karena D'Arcy
Investor Relations Manager,
+33 1
64 86 79 00
kdarcy@infovista.com
or
Kreab
Gavin Anderson
Kirsten Molyneux
Investor Relations
+44 20
7074 1800
kmolyneux@kreabgavinanderson.com
