Sale of Powerwave shares

24 Apr 2007 07:03

Filtronic PLC24 April 2007 24 April 2007 Sale of Powerwave Technologies Inc. shares Since the results statement on 29th January 2007, Filtronic plc has sold afurther 6.9m shares of Powerwave Technologies Inc. ("Powerwave") common stock,realising net proceeds of £19.0m. Total net proceeds from the sale of Powerwaveshares is now £43.2m. As a result Filtronic yesterday evening filed an amendmentto its Schedule 13G on file with the SEC as required under the SecuritiesExchange Act of 1934, reporting that it holds 3,409,000 of common stock inPowerwave, representing 2.6 percent of this class of security. Contact details: Filtronic plc:Charles Hindson, CEO 07800 706 319 (mobile) Parkgreen Communications: 020 7493 37166Paul McManus 07980 541 893 (mobile) This information is provided by RNS The company news service from the London Stock Exchange