InterDigital Announces Conversion Rate Adjustment to and Convertibility of 1.50% Senior Convertible Notes Due 2020

Company Release - 3/5/2019 4:30 PM ET

WILMINGTON, Del., March 05, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, announced today an adjustment to the conversion rate applicable to its 1.50% Senior Convertible Notes due 2020 (the “Notes”).  In connection with the cash dividends previously announced by the Company and paid on May 1, 2018, July 25, 2018, October 24, 2018 and January 23, 2019, the conversion rate for the Notes has been increased to 14.0506 shares of the Company’s common stock (“Company Common Stock”) per $1,000 principal amount of Notes.

About InterDigital®

InterDigital develops technologies that are at the core of mobile devices, networks, and services worldwide.  We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment.  InterDigital has licenses and strategic relationships with many of the world's leading wireless companies.  Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

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Patrick Van de Wille
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Source: InterDigital, Inc.