The selling shareholders have granted the underwriters a 30-day option to purchase an additional 900,000 ordinary shares to cover over-allotments, if any. Citigroup Global Markets Inc. is acting as sole book-running manager, and Deutsche Bank Securities, Inc., CIBC World Markets Corp. and Piper Jaffray & Co. are acting as co-managers. The ordinary shares are being offered only by prospectus. Copies of the prospectus relating to this offering may be obtained from Citigroup Global Markets at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220, telephone: (718) 765-7632.
PowerDsine designs, develops and supplies integrated circuits, modules and systems that enable the implementation of Power over Ethernet in local area networks, providing the capability to transmit and manage electrical power over data network cables. PowerDsine offers integrated products and system solutions to communications equipment manufacturers in the telecom and datacom industries who incorporate them into, or bundle them with, their products. For more information, please visit http://www.powerdsine.com.
A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or other jurisdiction.
This release may contain forward-looking statements. These statements relate to future events or other future financial performance. These forward-looking statements are subject to risks, uncertainties and assumptions about PowerDsine. These statements are only predictions based on our current expectations and projections about future events. You should not place undue reliance on these statements. Actual events or results may differ materially. Many factors may cause our actual results to differ materially from any forward looking statement, including acceptance of new products, costs relating to such products and other factors detailed in PowerDsine's filings with the Securities and Exchange Commission, including its Registration Statement on Form F-1. PowerDsine does not undertake to update any forward looking statements.