Vistaprint 2008 Annual Report Download - page 42

or remove our current management because our board of directors is responsible for appointing the
members of our management team. These provisions include:
‰a classified board of directors;
‰the 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;
‰limitations on the removal of directors; and
‰advance 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 160,000 square foot facility located
near Windsor, Ontario, Canada services the North American market. We have recently begun an
expansion of this facility which will add approximately 135,000 square foot of manufacturing space and
it is anticipated that such expansion will increase the overall size of the facility to approximately
295,000 square feet. Our 131,000 square foot facility located in Venlo, the Netherlands services
markets outside of North America. We have a technology development office in Winterthur,
Switzerland. Our technology development, North American 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. We operate our European marketing office in Barcelona,
Spain. 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 131,000 Manufacturing and office
Lakeshore, Ontario, Canada (“Windsor”) 160,000 Manufacturing and office
The properties we lease are listed below:
Location Square Feet Type Lease Expires
Lexington, MA, USA 202,000 Office April 26, 2017
Montego Bay, Jamaica 30,000 Office and design, sales and
service center
April 30, 2009
Montego Bay, Jamaica 5,000 Office and training and quality
assurance facility
Month-to-month
Barcelona, Spain 19,000 Office December 31, 2011
Winterthur, Switzerland 12,000 Office and prototyping
laboratory
February 28, 2013
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