OCZ Technology Group (Reg S) Announcements

Admission of Unrestricted Stock

04 November 2008 10:20:21



RNS Number : 3743H OCZ Technology Group, Inc. 04 November 2008  
?NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN THE UNITED STATES, CANADA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA, ISRAEL, JAPAN OR AUSTRALIA, OR THEIR RESPECTIVE TERRITORIES OR POSSESSIONS

4 November 2008

OCZ Technology Group, Inc.

Admission of Unrestricted Stock

OCZ Technology Group, Inc. ("OCZ" or "the Group", AIM: OCZ) a worldwide leader in innovative, ultra-high performance and high reliability memory, PC components and system builds, announces that it has received applications to have the restrictive legend on certificates representing 4,354,944 common shares in the issued share capital of OCZ ("Common Shares") removed. These shares will be transferred to a new line of unrestricted shares and will be eligible to be held and transferred within the CREST system as depository interests. 

Application has been made for a total of 4,354,944 Common Shares to be admitted to trading on AIM under the new line and dealings are expected to commence on AIM on 5 November 2008. Following admission of the Qualifying Shares, the Group will have 36,207,693 Common Shares admitted to trading under the existing restricted line (ISIN number USU675091065) and 16,140,988 Common Shares admitted to trading under the new unrestricted line within the CREST system (ISIN number US67086E1055).

Holders of Common Shares are reminded that they should have received documentation from the Registrar detailing the procedure to have the restrictive legend removed from certificates representing Qualifying Shares. If you hold Common Shares and have not received such documentation, please contact the Registrar on +44 (0)1534 825348. However, if your Common Shares are held on your behalf by a nominee or broker, you should contact such nominee or broker. The removal of the restrictive legend and the establishment of the depository interest facility is intended to enhance the liquidity in the trading of the Common Shares and allow investors who may have previously had difficulty in dealing, to deal more easily. 

Enquiries:

OCZ Technology Group, Inc
 

Art Knapp, Chief Financial Officer 
+1 408 733 8400

Quentin Solt, Non-executive Director
+ 44 (0)1926 808080

John East and Partners Limited
Bidhi Bhoma
+44 20 7628 2200
Important Information:

None of the Common Shares have been registered under the US Securities Act of 1933, as amended (the "US Securities Act") and may be "restricted securities" within the meaning of Rule 144 under the US Securities Act. Accordingly, the shares of OCZ may not be re-sold or otherwise transferred except (a) in offshore transactions meeting the requirements of Regulation S under the US Securities Act; (b) pursuant to an effective registration statement under the US Securities Act; or (c) pursuant to an available exemption under the US Securities Act.

Note to editors

OCZ develops, produces, and distributes high-performance computer components including flash memory storage, memory modules, thermal management solutions and computer power supplies, designed to make computers run faster, more reliably and more efficiently.
 
With a reputation for innovation and excellence in a demanding and discerning market, OCZ extended its market leadership when it acquired PC Power & Cooling in May 2007, to become a global force in high-performance power supply and cooling products. In October 2007, it acquired high performance laptop and desktop computer systems maker Hypersonic PC to further diversify its product offerings. Recently the company released new products such as the Neural Impulse Actuator (NIA), Solid State Drives (SSD), DIY Notebook solutions, and Fatal1ty memory solutions. These products were recently shown at Games Convention 2008 in Leipzig Germany and at NVISION in San Jose, CA.

Based in the heart of Silicon Valley, OCZ employs approximately 275 staff across offices in the USA (Sunnyvale and San Diego), Canada, Holland and its manufacturing and logistics centre in Taiwan.

www.ocztechnology.com
This information is provided by RNSThe company news service from the London Stock Exchange  END  LISUSARRWKRARAA

All data suppied by Digital Look (15 minute delay)




Risk Warning

There is an extra risk of losing money when shares are bought in some smaller companies including 'Penny Shares'. There is a big difference between the buying price and the selling price of these shares. If they have to be sold immediately, you may get back much less than you paid for them or you may have difficulty in selling them. Past performance is not a reliable indicator of future results. The price may change quickly and it may go down as well as up. You could lose every penny put into a particular share.

The information contained above has been compiled from documented sources which are believed to be reliable but, due to their very nature, are subject to a degree of historical inaccuracy and have not been independently verified and cannot be guaranteed. The pages on this website are provided for information only. City Equities Limited will not accept responsibility for loss incurred by any person or body acting, or refraining from acting, as a result of information and/or opinions given anywhere on this website. Issued by City Equities Limited, Aldermary House, 10-15 Queen Street, London, EC4N 1TY. Registered in England. Registered No. 2742847. Registered Address: Amwell House, 19 Amwell Street, Hoddeson, Herts. EN11 8TS. City Equities Limited is Authorised and regulated by the Financial Services Authority. Registration No. 155051.