KEMET Announces Approval for Listing on the New York Stock Exchange
Greenville, South Carolina (November 12, 2010) - KEMET Corporation (NYSE
Amex: KEM), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, film, paper and aluminum electrolytic capacitors, announced today that its common stock has been approved for listing on the New York Stock Exchange ("NYSE"). Trading is expected to commence on the NYSE on Monday, November 15, 2010. KEMET will retain its current trading symbol, 'KEM' (NYSE: KEM).
"We are extremely pleased to be returning to the NYSE. Our company has taken many actions over the course of the past two years to mitigate the effects of the worldwide recession," stated Per Loof, KEMET's Chief Executive officer. "Today our efficiencies and cash management are greatly improved and we have significantly reduced our cost structure. We are a stronger company today than we were two years ago. Returning to the NYSE will aid in bringing back visibility of the KEMET story to a larger circle of institutional investors and industry analysts," continued Loof.
About KEMET
The Company's common stock is listed on the NYSE Amex under the ticker symbol "KEM" (NYSE Amex: KEM). KEMET applies world class service and quality to deliver industry leading, high performance capacitance solutions to its customers around the world and offers the world's most complete line of surface mount and through hole capacitor technologies across tantalum, ceramic, film, aluminum, electrolytic, and paper dielectrics.
Contact: William M. Lowe, Jr.
Executive Vice President and Chief Financial Officer
williamlowe@KEMET.com
864-963-6484
