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Politics : RAMTRONIAN's Cache Inn

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To: Gutterball who wrote (7120)7/20/1999 10:57:00 PM
From: David C. Burns  Read Replies (1) of 14464
 
Ramtron Announces Results of Special Stockholders Meeting

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--July 20, 1999--Ramtron International Corporation (Nasdaq:RMTRC) announced today at a special stockholders meeting that the Company's common stockholders voted to approve the proposals to effect a restructuring of the capitalization of the Company. The restructuring, which includes a one-for-five reverse stock split, is contingent upon the Company reaching a formal agreement with the Company's preferred stockholders to restate the terms of the Company's Series A Convertible Preferred Stock ("Preferred"). In April 1999, Ramtron announced that it had received a Letter of Intent from a majority of its Preferred stockholders supporting a restatement of the terms of the Company's Preferred. The company is currently planning to finalize the restructuring agreements and effect the reverse stock split at the earliest feasible date.

For additional information regarding Ramtron, contact Communications Department, 1850 Ramtron Drive, Colorado Springs, Colorado USA, 80921. Telephone 800-545-FRAM (3726); fax 719-488-9095; e-mail info@ramtron.com; Web page ramtron.com.

CONTACT:

Ramtron

Lee A. Brown, 719/481-7213
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