Wavecom: Opening of Second OCEANE Early Redemption Period
01 April 2009 - 2:30PM
Business Wire
Regulatory News:
Wavecom (Paris:AVM)(NASDAQ:WVCM), a leading provider of embedded
wireless technology for M2M (machine-to-machine) communication,
confirmed today that second early redemption period will take place
from April 15 to April 30, 2009 at a price of �31.30 plus �0.18759
corresponding to the unpaid accrued interest from the last interest
payment date preceding the early redemption date until the
effective date of the redemption, i.e. �31.48759 per OCEANE. The
early redemption will take place on May 6, 2009.
As for the first early redemption period which was open from
March 4 to 9, 2009, non-U.S. holders of Wavecom OCEANEs may request
early redemption of their OCEANEs by contacting BNP Paribas
Securities Services, financial services provider for the OCEANEs,
which will carry out the redemption. In accordance with the terms
of the OCEANEs as described in Section 4.9.4.2 of the note
d�op�ration, the OCEANE offering prospectus, which received AMF
visa n�07-242 on July 5, 2007, the ability to obtain early
redemption of the OCEANEs follows the change in control of
Wavecom.
U.S. holders (within the meaning of Rule 14d-1(d) under the
United States Securities Exchange Act of 1934) may not participate
in this early redemption period.
Wavecom informs OCEANE holders of its intention, in the event
that Sierra Wireless France is not able to implement a squeeze-out
and in accordance with the terms of the OCEANEs, to carry out an
early redemption of the OCEANEs (at a price equal to the nominal
value plus interest accrued from the last interest payment date
preceding the early redemption date until the effective date of
redemption) since the number of OCEANEs remaining outstanding is
less than 10% of the number of the OCEANEs issued.
About Wavecom
Wavecom � The Wireless M2M Experts
Wavecom is a leading provider of embedded wireless technology
for M2M (machine-to-machine) communication. Wavecom provides a
range of GSM/GPRS, CDMA, EDGE and 3G Wireless CPUs; programmable
processors which also act as wireless modules or wireless modems.
These are backed by a cellular wireless software suite which
includes a real-time operating system RTOS), a software development
environment based on Eclipse�, and several Plug-Ins (GPS, TCP/IP,
security, Bluetooth�, Lua script and more). Wavecom also offers a
wide range of professional and operated services. Wavecom solutions
are used for automotive telematics, smart metering, fleet
management, GSM/GPS/satellite tracking, wireless alarms, wireless
POS (point of sales), WLL (fixed voice), remote monitoring and many
other M2M applications. Founded in 1993 and headquartered in
Issy-les-Moulineaux (France) near Paris, Wavecom has subsidiaries
in Hong Kong (PRC), Research Triangle Park, NC (USA), Farnborough
(UK), Munich (Germany) and Sao Paolo (Brazil). Wavecom is publicly
traded on Euronext Paris (Eurolist) in France and on the NASDAQ
WVCM) exchange in the U.S.
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