DYNAMIC MATERIALS CORPORATION TO REDEEM
PREFERRED STOCK PURCHASE RIGHTS
For Immediate Release
Wednesday, June 21, 2000
Contact: Richard A. Santa Mark W. Jarman
Chief Financial Officer VP of Corporate Development
Dynamic Materials Corporation Dynamic Materials Corporation
303-604-3938 303-604-3923
Lafayette, CO -- The Board of Directors of Dynamic Materials Corporation,
(Nasdaq: BOOM), 'DMC', today announced that it has approved a redemption under
the Rights Agreement dated as of January 8, 1999, as amended by the First
Amendment to Rights Agreement, dated June 13, 2000 (the "Plan") after having
determined that a termination of the Plan is in the best interests of DMC and
its stockholders. DMC will redeem all outstanding Preferred Stock Purchase
Rights issued in respect of the DMC Common Stock. The redemption will be
effective as of June 14, 2000, for $0.001 per share, which redemption price will
be payable to stockholders of record on that date. DMC intends to mail the
redemption payment to stockholders on or about June 23, 2000. Please note that
the Company will only automatically distribute payment of the redemption price
of $.001 per share to stockholders of fewer than one thousand shares (a value
which would be equal to or less than $1.00), upon written request for such
payment to the Company's Secretary, Vice President of Finance and CFO, Richard
A. Santa, at 551 Aspen Ridge Drive, Lafayette, Colorado 80026.
Based in Lafayette, Colorado, Dynamic Materials Corporation is a leader in the
metal working industry. Its products include explosion bonded clad metal plates
for the petrochemical and chemical processing industries, as well as precision
machined parts and other metal fabrications for the satellite/launch vehicle,
military/defense, electronics, medical, and a variety of other industries.
For more information on Dynamic Materials Corporation
visit the Company's web site at http://www.dynamicmaterials.com
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