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Oclaro Added to Russell 3000 Index 2010-06-28
Oclaro, a tier-one provider of optical communications and laser solutions, today announced that it has been added to the Russell 3000 Index following the Russell Investment Group’s reconstitution of its family of U.S. indices after the market close on June 25, 2010.
“Our addition to the Russell 3000 Index is one more reflection of our progress in delivering shareholder value while executing towards our business model targets over the last year,” said Alain Couder, president and CEO of Oclaro, Inc. “We also believe inclusion in this index should increase our visibility with a broader universe of investors that use the Russell indexes as part of their investment criteria.”
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry- leading $3.9 trillion in assets currently are benchmarked to them.
Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched in 2007.
Rubicon Closes Recent Public Offering of Common Stock 2010-06-24
Over 2.1 million shares of common stock sold including full exercise of over-allotment option.
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www.compoundsemiconductor.net July 2010
Rubicon Technology has announced the closing of its previously announced public offering of 3,029,100 shares of its common stock at a price to the public of $30.00 per share.
2,195,100 shares of common stock were sold by the Company, including 395,100 shares pursuant to the full exercise of the underwriters’ over-allotment option, and 834,000 shares of common stock were sold by the selling stockholders identified in the prospectus supplement.
Total proceeds of the offering, net of estimated offering expenses and underwriting discounts and commissions, were approximately $85.2 million, with proceeds to the Company, net of estimated offering expenses and underwriting discounts and commissions, of approximately $61.5 million, and proceeds to the selling stockholders, net of underwriting discounts and commissions, of approximately $23.7 million.
The Company expects to use most of its proceeds from the offering to expand its crystal growth and post crystal growth manufacturing facilities.
UBS Securities LLC acted as sole book-running manager for the offering and Canaccord Genuity Inc. acted as a co-lead manager for the offering.
Copies of the final prospectus supplement filed with the Securities and Exchange Commission (the “SEC”) may be obtained for free by visiting EDGAR on the SEC web site at
www.sec.gov or by contacting UBS Securities LLC, Attn: Prospectus Department, 299 Park Avenue, New York, New York 10171, or by calling 1-888- 827-7275.
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