Where is Agere traded and what is Agere's ticker symbol?
Agere Systems' Class A Common Stock is listed on the New York Stock
Exchange (NYSE) under the symbol AGR.A.
Can I buy or sell stock directly through Agere Systems?
At the present time, Agere does not offer a direct stock purchase plan.
What is the basic difference between the Class A and Class B common
shares?
Class A shares will have one vote per share for all matters on which
stockholders are entitled to vote, including the election and removal of
directors. Class B shares will have four votes per share for the election
and removal of directors and one vote per share for all other matters on
which stockholders are entitled to vote.
What is the status of Agere's spin-off from Lucent?
In July 2000, Lucent Technologies announced its intention to spin off its
integrated circuits and optoelectronics business as a separate company
that is now Agere. We conducted our initial public offering in March 2001.
On April 22, 2002, Lucent announced that it has met all of the financial
conditions under its credit facility to complete the spin-off of Agere,
and that the board of directors of Lucent approved a distribution of Agere
shares to the Lucent common shareowners. The distribution is planned for
June 1, 2002, to the holders of Lucent common stock as of the close of
business on May 3, 2002, the record date for the distribution. The common
shareowners on the record date will receive a pro rata distribution of all
shares of Agere held by Lucent on the distribution date.
What is the record date for the spin of Agere?
The record date is the close of business on May 3, 2002.
What are the distribution ratios?
We expect Lucent to announce the final distribution ratios Monday, May 13,
2002.
How many Agere shares will I get if I own Lucent stock?
On Monday, May 13, 2002, Lucent Technologies announced the following
ratios have been established for the Agere spinoff:
 | One share of Agere Class A common stock will be issued for every
92.768991 shares of Lucent stock owned.
| One share of Agere Class B common stock will be issued for every
3.779818 shares of Lucent common stock. | |
Both Class A and B common stock of Agere will be distributed to Lucent shareowners. Lucent indicated that fractional shares would be distributed in the form of cash.
When will Agere start trading as a separate company?
Agere Class A common stock has been trading on the NYSE under the symbol
AGR.A since our IPO in March 2001. Starting June 3, Agere Class B common
stock will trade on the NYSE under the symbol AGR.B
Who should I call for more information on the spin-off?
If you are a registered holder of Lucent common stock, you may contact The
Bank of New York toll-free at 1-888-LUCENT6 (1-888-582-3686) (Domestic) or
+1-610-312-5318 (International) or by email to lu-shareholders-svcs@email.bony.com.
If you are calling from a bank or brokerage firm, please call Morrow
&Co., Inc. at 1-212-754-8000. If your shares of Lucent common stock
are held with a broker, bank or other nominee, call 1-877-366-1578.