EXHIBIT 99.2 (PRESS RELEASE) TO FORM 8-K
Published on July 27, 2006
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Exhibit
99.2
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 |
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News
Release
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For
Immediate Release
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http://www.ball.com
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Investor
Contact:
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Ann
T. Scott
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303-460-3537,
ascott@ball.com
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Media
Contact:
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Scott
McCarty
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303-460-2103,
smccarty@ball.com
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Georgia R.
Nelson Elected to Board; Company Declares Dividend,
Elects
to Delist from Former Pacific Stock Exchange
BROOMFIELD,
Colo., July 26, 2006—Georgia R. Nelson, president and chief executive
officer PTI Resources, LLC, an independent energy consulting firm, was elected
today to the Ball Corporation [NYSE: BLL] board of directors during the board’s
regular meeting. Nelson was the founding president of Midwest Generation EME,
an
Edison International company, and has 35 years of experience in the energy
industry in the United States and worldwide.
“Georgia
Nelson’s extensive domestic and international business experience will be a
significant asset to Ball,” said R. David Hoover, chairman, president and
chief executive officer. “We will benefit greatly from Georgia’s knowledge and
we are extremely pleased to have someone of her stature on our
board.”
Ball’s
board of directors also declared a cash dividend of 10 cents per share,
payable Sept. 15, 2006, to shareholders of record on Sept. 1,
2006.
Finally,
Ball also announced
plans to withdraw its listing from NYSE Arca (formerly
the Pacific Stock Exchange) effective upon approval by NYSE Arca. The company
chose to voluntarily delist rather than submit a plan to regain compliance
with
NYSE Arca’s technical net worth and net tangible assets requirements and pay the
exchange’s proposed increased listing fee. The needs of Ball’s shareholders will
continue to be fully met through its NYSE listing under ticker symbol
BLL.
Ball
will
announce its second quarter 2006 earnings on Thursday, July 27, before
trading begins on the New York Stock Exchange. Conference call information
is
provided below.
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more
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Ball
Corporation
10
Longs
Peak Drive ·
P.O. Box
5000 ·
Broomfield, CO 80021
Ball
Corp. - 2
Ball
Corporation is a supplier of high-quality metal and plastic packaging products
and owns Ball Aerospace & Technologies Corp. Ball reported 2005 sales of
$5.8 billion and employs 15,600 people.
Conference
Call Details
Ball
Corporation [NYSE: BLL] will announce its second quarter 2006 earnings on
Thursday, July 27, 2006, before trading begins on the New York Stock
Exchange. At 9 a.m. Mountain Time on that day (11 a.m. Eastern), Ball
will hold its regular quarterly conference call on the company’s results and
performance.
The
North
American toll-free number for the call is 1-800-779-2954.
International
callers should dial +1-212-676-5377.
For
those unable to listen to the live call, a taped rebroadcast will be available
until 10 p.m. Mountain Time on Aug. 3, 2006. To access the
rebroadcast, dial 800-633-8284
(domestic
callers) or +1-402-977-9140 (international
callers) and enter 21298143 as
the
reservation number.
Please
use the following URL for a Web cast of the live call and for the
replay:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=115234&eventID=1343616
A
written
transcript of the call will be posted within 48 hours of the call’s
conclusion to Ball’s Web site at www.ball.com in the investor relations section
under “presentations.”
Forward-Looking
Statements
This
news
release contains “forward-looking” statements concerning future events and
financial performance. Words such as “expects,” “anticipates,” “estimates” and
similar expressions are intended to identify forward-looking statements. Such
statements are subject to risks and uncertainties which could cause actual
results to differ materially from those expressed or implied. The company
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Key risks and uncertainties are summarized in filings with the Securities and
Exchange Commission, including in Exhibit 99.2 in our Form 10-K. These
filings are available at our Web site and at www.sec.gov. Factors that might
affect our packaging segments include fluctuation in consumer and customer
demand and preferences; availability and cost of raw materials, including recent
significant increases in resin, steel, aluminum and energy costs, and the
ability to pass such increases on to customers; competitive packaging
availability, pricing and substitution; changes in climate and weather; fruit,
vegetable and fishing yields; industry productive capacity and competitive
activity; failure to achieve anticipated productivity improvements or production
cost reductions, including those associated with our beverage can end project;
the German mandatory deposit or other restrictive packaging laws; changes in
major customer or supplier contracts or loss of a major customer or supplier;
changes in foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting. Factors that might affect
our
aerospace segment include: funding, authorization, availability and returns
of
government contracts; and delays, extensions and technical uncertainties
affecting segment contracts. Factors that might affect the company as a whole
include those listed plus: acquisitions, joint ventures or divestitures;
integration of recently acquired businesses; regulatory action or laws including
tax, environmental and workplace safety; governmental investigations;
technological developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of return
projected and earned on assets of the company’s defined benefit retirement
plans; changes to the company’s pension plans; reduced cash flow; interest rates
affecting our debt; and changes to unaudited results due to statutory audits
or
other effects.
21/06 #
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Ball
Corporation
10
Longs
Peak Drive ·
P.O. Box
5000 ·
Broomfield, CO 80021