Jupiter, FL--April 28, 1997--Photronics Inc. (Brookfield, CT) announced that it has filed a registration statement with respect to a public offering of $75 million in convertible subordinated notes due 2004. Goldman, Sachs & Co., Robertson, Stephens & Co. LLC, and Smith Barney Inc. will act as representatives of the underwriters. The company has granted the underwriters an over-allotment option of $11.25 million in additional convertible subordinated notes.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such an offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
Photronics expects that a prospectus will be available by mid-May. A prospectus may be obtained from Goldman, Sachs & Co., 85 Broad St., New York, NY 10004; Robertson, Stephens & Co. LLC, 555 California St. Suite 2600, San Francisco, CA 94104; and Smith Barney Inc., 388 Greenwich St., New York, NY 10013.
15 Secor Rd.
P.O. Box 5226
Brookfield, CT 06804
Fax: (203) 775-5601
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