Vistaprint 2006 Annual Report Download - page 38

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Table of Contents
Ÿthe ability of our board of directors to issue undesignated shares without shareholder approval, which could be used to institute a
“poison pill” that would work to dilute the share ownership of a potential hostile acquirer, effectively preventing acquisitions that have not
been approved by our board of directors;
Ÿlimitations on the removal of directors; and
Ÿadvance notice requirements for election to our board of directors and for proposing matters that can be acted upon at shareholder
meetings.
In addition, the foregoing factors may prevent or delay our acquisition by a third party, even though such transaction may be in the best
interests of our shareholders.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
Our registered office is in Hamilton, Bermuda. We have constructed two computer integrated manufacturing print facilities for the
production of our products. Our 68,000 square foot facility located in Windsor, Ontario, Canada services the North American market and we have
recently begun an approximately 92,000 square foot expansion of this facility. Our 54,000 square foot facility located in Venlo, the Netherlands
services markets outside of North America. Our technology development, marketing, finance and administrative offices are located in Lexington,
Massachusetts, United States. We operate a customer design, sales and service center in Montego Bay, Jamaica. Our web servers are located in
data center space at a Cable & Wireless co−location and hosting facility in Devonshire, Bermuda.
We own the real property associated with our printing facilities in the Netherlands and Canada. The real property and facilities we own are
listed below:
Location Square Feet Type
Venlo, the Netherlands 54,000 Manufacturing and office
Windsor, Ontario, Canada 68,000 Manufacturing and office
We have recently begun the expansion of our Windsor, Ontario, Canada facility. It is currently anticipated that such expansion shall
increase the overall size of that facility to approximately 160,000 square feet.
The properties we lease are listed below:
Location
Square
Feet Type Lease Expires
Lexington, MA, USA 55,924 Office April 30, 2007
Montego Bay, Jamaica 20,000 Office and design, sales and service center April 30, 2009
Montego Bay, Jamaica 5,000 Office and training and quality assurance facility January 31, 2007
We believe that the total space available to us in our facilities and under our current leases and co−location arrangements or obtainable by
us on commercially reasonable terms, will meet our needs for the foreseeable future.
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