[July 23, 2008] Wavecom Plans Share Repurchase Program Tweet (InvesTrend Via Acquire Media NewsEdge) July 23, 2008 (FinancialWire) Wavecom S.A. (NASDAQ: WVCM) (Current Market Cap. US$142.20 Mil.) intends to activate the share repurchase program under the authorization granted to the board of directors at its annual shareholders meeting held on May 14, 2008. Wavecom s board of directors met on July 22, to sub-delegate to the company s chief executive officer to activate the share repurchase program. Under terms of the share repurchase agreement, the board of directors is authorized to repurchase a number of shares representing up to 10% of the company's capital, namely a maximum of 1,579,659 shares at purchase price per share no greater than 30 euros, or approximately $47.15, excluding expenses and fees. Other companies trading in Wavecom s industry include China Mobile Ltd. (NYSE: CHL), Vodafone Group plc (NYSE: VOD), and America Movil S.A.B. de C.V. (NYSE: AMX). The maximum number of company shares of which repurchase is authorized as well as the purchase price of the said shares shall be adjusted, if necessary, in order to take account of any division or of any regrouping of the company shares that might occur during the period of validity of the present authorization. The authorization was granted for a period of eighteen months starting at the date of the annual shareholders meeting, May 14, 2008. FinancialWire is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire news is available at http://www.financialwire.net . Please address any inquiries to [email protected] . Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 . (Distributed for Investrend Communications, Inc. via M2 Communications Ltd (www.m2.com)) Copyright ? 2008 M2 Communications Ltd. [ Back To TMCnet.com's Homepage ]