@Comm Corporation Announces Redemption of Series A Preferred Stock.Business Editors BURLINGAME, Calif.--(BUSINESS WIRE)--May 12, 2000 @Comm See comms. Corporation (Nasdaq: ATCM ATCM Antarctic Treaty Consultative Meeting ATCM Airborne Toxic Control Measure ATCM Association of Town Centre Management (UK) ATCM Air Toxics Control Measure ATCM Aeronautical Time Cycle Management ATCM Advanced Technology Cruise Missile ), on April 25, 2000, called for redemption all of its outstanding shares of its Series A Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. at the close of business on May 23, 2000. The redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. is $5.00 per share of Series A Preferred Stock. At March 29, 2000, 1,527,989 shares of @Comm Series A Preferred Stock were outstanding. The holders of the Series A Preferred Stock have the right to convert their shares into @Comm Common Stock at any time prior to the redemption date Redemption date The date on which a bond matures or is redeemed. redemption date The date on which a debt security is scheduled to be redeemed by the issuer. The redemption date is the scheduled maturity date or, if applicable, a call date. . Each outstanding share of Series A Preferred Stock is convertible into one share of @Comm Common Stock. On the redemption date, all shares of @Comm Series A Preferred Stock which are not converted into @Comm Common Stock prior to the redemption date will be cancelled and will then represent only the right to receive the redemption price, without interest, upon surrender of the certificates representing the Series A Preferred Stock. All other rights of the holders of the Series A Preferred Stock will terminate and the Series A Preferred Stock will no longer be transferred on the books of @Comm or deemed to be outstanding for any purpose. Shares of @Comm Series A Preferred Stock may be surrendered for payment of the redemption price, or for conversion, to @Comm Common Stock at the following address: @ Comm Corporation, 577 Airport Blvd., Suite 700, Burlingame, CA 94010, Attn: Chief Financial Officer. About @Comm @Comm (Nasdaq: ATCM), formerly Xiox Corporation, develops and distributes integrated communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. that provide businesses with smart telephony and data networking capabilities that enable advanced communications services and applications, while significantly reducing complexity and operating costs operating costs npl → gastos mpl operacionales . @Comm's telemanagement systems and solutions provide businesses with cost-saving tools for telephone expense control, billback, utilization and fraud control. For more information: @Comm Corporation, 577 Airport Blvd., Suite 700, Burlingame, CA 94010, 650-375-8188, http://www.atcomm.com. |
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