ADVA Optical Networking SE : Notification and public disclosure of transactions by persons
July 11, 2022 at 09:29 am EDT
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
11.07.2022 / 15:27 CET/CEST
The issuer is solely responsible for the content of this announcement.
1. Details of the person discharging managerial responsibilities / person closely associated
a) Name
Title:
First name:
Brian
Last name(s):
Protiva
2. Reason for the notification
a) Position / status
Position:
Member of the managing body
b) Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name
ADVA Optical Networking SE
b) LEI
5299001QZNN0TKI9J120
4. Details of the transaction(s)
a) Description of the financial instrument, type of instrument, identification code
Type:
Share
ISIN:
DE000A3MQBT1
b) Nature of the transaction
Exchange of a total of 401,030 tendered shares in ADVA Optical Networking SE at a ratio of 1:0.8244 for a total of 330,609 ordinary shares (common stock) in Acorn HoldCo, Inc. (ISIN US00486H1059, now trading as ADTRAN Holdings, Inc.), together with any fractional cash settlement, at the time of the completion of the voluntary public tender offer (exchange offer) of Acorn HoldCo, Inc. (now ADTRAN Holdings, Inc.) to the shareholders of ADVA Optical Networking SE.
0.8244 shares in Acorn HoldCo, Inc. (now ADTRAN Holdings, Inc.) per share in ADVA Optical Networking SE plus currently unquantifiable fractional compensation in cash per share.
330,609 shares in Acorn HoldCo, Inc. (now ADTRAN Holdings, Inc.) plus currently unquantifiable fractional cash compensation for all shares tendered.
c) Price(s) and volume(s)
Price(s)
Volume(s)
not numberable
not numberable
d) Aggregated information
Price
Aggregated volume
not numberable
not numberable
e) Date of the transaction
06/07/2022; UTC+2
f) Place of the transaction
Outside a trading venue
11.07.2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Adtran Networks SE is a Germany-based provider of networking solutions and telecommunications hardware, software and services. Its products are based on fiber-optic transmission technology combined with Ethernet functionality and software. The Company provides products and services for service providers, government institutions, education facilities, the Internet and cloud industry and enterprise networks. Its product portfolio comprises solutions for scalable optical transport, package edge and aggregation, network synchronization, fiber assurance and automated network management. The Company also provides related technology services and network planning, expanding and maintaining services.