To: Peace who wrote (7106 ) 6/22/1999 11:30:00 PM From: David C. Burns Read Replies (1) | Respond to of 14464
Ramtron Files Definitive Proxy Statement, Sets Special Meeting Date COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--June 21, 1999--Ramtron International Corporation (Nasdaq:RMTR) announced today that it has filed a Definitive Proxy Statement with the Securities and Exchange Commission regarding a proposed restructuring of the capitalization of the Company. A Special Meeting of Stockholders has been scheduled for July 20, 1999. Record holders of Ramtron Common Stock at the close of business on June 17, 1999 will be asked to vote for a restructuring of the Company as set forth in the Proxy Statement. The company began mailing Proxy materials to shareholders today. The Company also announced that, effective June 23, 1999, Ramtron's common stock will be listed on The Nasdaq SmallCap Market subject to an exception from the minimum bid price requirement. While Ramtron failed to meet this requirement as of June 18, 1999, the Company was granted a temporary extension from this standard subject to Ramtron meeting certain conditions. The exception will expire on August 6, 1999. In the event the Company is deemed to have met the terms of the exception, it shall continue to be listed on The Nasdaq SmallCap Market. The Company believes that it can meet these conditions; however, there can be no assurance that it will do so. If at some future date, the Company's securities should cease to be listed on The Nasdaq SmallCap Market, they may continue to be listed in the OTC-Bulletin Board. For the duration of the exception, the Company's Nasdaq symbol will be RMTRC. 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 . --30--cs/sf* azs/sf CONTACT: Ramtron Lee A. Brown, 719/481-7213