ZURICH, Switzerland & SYRACUSE, N.Y.--(BUSINESS WIRE)--Sept. 20,
2007--INFICON Holding AG (SWX Swiss Exchange: IFCN), a leading
manufacturer of instrumentation and process control software for the
semiconductor and vacuum-coating industries and other industrial
applications, today announced that its Board of Directors has extended
the current share repurchase program to reach 10% of the registered
share capital as planned and has eliminated the prior maximum amount.
This will allow for the repurchase of an additional 45,737 shares. The
share repurchase program will end by December 31, 2007, as previously
announced.
The initial share repurchase program, launched May 3, 2007 on a
special second trading line on the SWX Swiss Exchange, authorized a
maximum value of CHF 40 million, not to exceed 10% of the registered
share capital.
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As of market close on 19 September 2007, INFICON had repurchased
189,850 shares or 8.06 % of all registered shares in the Company.
The Board of Directors has decided to take this action in response
to INFICON's ability to generate solid cash flows and to further
optimize the balance sheet. The Board intends to propose the
cancellation of all repurchased shares at the ordinary Annual General
Meeting of Shareholders on April 24, 2008.
ABOUT INFICON
INFICON is a leading developer, manufacturer and supplier of
innovative instrumentation, critical sensor technologies, and advanced
process control software for the semiconductor and vacuum-coating
industries and other industrial applications. These analysis,
measurement and control products are vital to original equipment
manufacturers (OEMs) and end-users in the complex manufacturing of
semiconductors, flat panel displays, magnetic and optical storage
media and precision optics. INFICON also provides essential
instrumentation for gas leak detection to the air
conditioning/refrigeration industries and toxic chemical analysis for
the emergency response and security markets. INFICON has world-class
manufacturing facilities in the United States and Europe and worldwide
offices in the U.S., China, France, Germany, Japan, Korea,
Liechtenstein, Singapore, Switzerland, Taiwan, and the United Kingdom.
INFICON is a publicly listed company, registered with the Swiss Stock
Exchange (SWX). For more information about INFICON and its products,
please visit www.inficon.com.
This press release and oral statements or other written statements
made, or to be made, by us contain forward-looking statements that do
not relate solely to historical or current facts. These
forward-looking statements address, among other things, our strategic
objectives, trends in vacuum technology and in the industries that
employ vacuum instrumentation, such as the semiconductor and related
industries and the anticipated effects of these trends on our
business. These forward-looking statements are based on the current
plans and expectations of our management and are subject to a number
of uncertainties and risks that could significantly affect our current
plans and expectations, as well as future results of operations and
financial condition. Some of these risks and uncertainties are
discussed in the company's Annual Report for fiscal 2006. As a
consequence, our current and anticipated plans and our future
prospects, results of operations and financial condition may differ
from those expressed in any forward-looking statements made by or on
behalf of our company. We undertake no obligation to publicly update
or revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT: Corporate:
INFICON Holding AG
Betty Ann Kram, 315-434-1122
Director of Global Communications
BettyAnn.Kram@inficon.com
or
European:
sensus PR GmbH
Bernhard Schweizer, +41-43-366-5511
inficon@sensus.ch
SOURCE: INFICON Holding AG