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Esmertec shareholders approve increase of authorized capital in favour of the Sagem transaction at Extraordinary General Meeting

(PresseBox) (Dübendorf, Zürich, ) EsmertecTM (SIX: ESMN), a leading provider of software platforms, applications and services to communications device manufacturers and mobile telecom operators, is pleased to announce that shareholders approved the proposal put forward by the Board of Directors at the Extraordinary General Meeting (EGM) today with strong majorities of 99.77% of the present votes. 10,795,856 shareholders' votes participated or were represented at the EGM, representing 50.67% of the total issued shared capital.

Shareholders voted in favour of the creation of 2'413'342 million shares of authorized capital with a nominal value of CHF 0.10 each representing a nominal capital of CHF CHF 241'334.20 valid for a period of 2 years. From this portion 3'210'790 shares will be used for the transaction and 535'132 shares will be remaining in favour of further strategic moves. The capital increase is earmarked for the finalization of the acquisition of Sagem Mobiles' software platform activities, as well as for pursuing further strategic options. The new capital structure on a fully diluted basis will show the following structure after the closing of the transaction:

New Capital structure / no of shares / nominal capital
Issued shares ordinary / 21,302,845 / CHF 2,130,284.50
conditional 2,242,945 / CHF 224,294.50
authorized capital 3,745,922 / CHF 374,592.15
TOTAL 27,291,712 / CHF 2,729,171.15

At the EGM, Thomas Hornung, CEO of Esmertec, presented a business and strategy review. The corresponding presentation is available on the Investor Relations pages of Esmertec's website (http://www.esmertec.com).

About esmertec ag

Esmertec is a leading provider of Java(TM) in-device engines and mobile services platforms. The company's high-performance solutions enable consumers to easily discover and access content and services on any mobile phone. Esmertec's customer database has grown to more than 90 customers, including mobile operators and manufacturers of mobile handsets, set-top boxes and interactive televisions. Its in-device engines power 1 out of 10 new phones (shipped in more than 289 million devices) and its USSD mobile services platforms serves more than 157 million mobile subscribers world-wide.

Esmertec is a founding member of the Google initiated Open Handset Alliance, delivering customized solutions for Android, the mobile platform.

Founded in 1999, Esmertec is headquartered in Zurich-Switzerland with subsidiaries in China, France, South Korea, and the USA, and offices in Taiwan and the UK. Since 2005, Esmertec is listed on the SIX Swiss Exchange (ESMN).


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