Business Objects Increases Shares, Effecting a Two-For-One Stock Split.PARIS--(BUSINESS WIRE)--May 1, 1996--Business Objects (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BOBJY) today announced that it has amended the Deposit Agreement with Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. relating to its American Depositary Receipts American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. ("ADRs"). The amendments are intended to effect two changes: First, the amendment adjusts the ratio at which the Company's Ordinary Shares are converted into American Depositary Shares. Under the original Deposit Agreement, two Ordinary Shares converted into one ADR ADR - Astra Digital Radio . Following the amendment, one Ordinary Share converts into one ADR. This has the effect of doubling the number of outstanding ADRs, producing the same results as a 2-for-1 stock split. The second amendment to the deposit Agreement simplifies the manner by which holders of ADRs can vote their ADRs. The new voting procedures will be described in the Notice of Annual Meeting to be sent to ADR holders in mid-May. These amendments are expected to be effective on or about May 9, 1996. Business Objects is a leading provider of enterprise decision support tools that deliver access to data stored in corporate databases, data warehouses, and packaged applications. The company pioneered the market for business-intelligent decision support tools in 1990 with the introduction of its flagship product, BUSINESSOBJECTS, the first decision support tool to use a "semantic layer" to map complex database schemas to a business representation understandable by mainstream business users. Business Objects generated over $60M in revenue in 1995, concluding its fifth consecutive year of more than 100% revenue growth. BUSINESSOBJECTS has been licensed in more than 50 countries to over 2,900 customer sites and 160,000 users worldwide. Business Objects partners with more than 350 leading third-party vendors including Arbor Software, Hewlett-Packard, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Informix, Microsoft, Oracle, PeopleSoft, Prism, Red Brick, Sun, and Sybase. Strategic resellers include Bull, Digital, Fujitsu, NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers , Price Waterhouse, Sequent, SHL SHL Shift Logical Left SHL Schweizerische Hochschule für Landwirtschaft (German: Swiss College of Agriculture) SHL Southern Hockey League SHL Silver Haired Legislature SHL Single Hidden Layer (neural networks) , Siemens Nixdorf, Toshiba, and Unisys. More information on Business Objects can be found on the World Wide Web at http://www.businessobjects.com. -0- Note to Editors: BUSINESSOBJECTS is a trademark of Business Objects S.A. Other company and product names may be trademarks of the respective companies with which they are associated. CONTACT: Business Objects (Paris) Robert P. Verheecke, Chief Financial Officer (33-1) - 41 25 2121 or Investor Relations Investor relations The process by which the corporation communicates with its investors. 408/864-2070 |
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