Regulatory News:
Gemalto (Euronext NL0000400653 - GTO), the world leader in digital
security, confirms that it will not raise its bid for Wavecom. Gemalto
will inform the French Financial Markets Authority (AMF) of its
intention to terminate its public tender, in accordance with the
timetable of article 232-11 of the AMF General Regulations.
Olivier Piou, Gemalto's Chief Executive Officer, remarked: "As
part of its mid to long-term strategy Gemalto has several options to
grow in the M2M market and in others. We do not intend to bid at a price
that would not be in the best interests of Gemalto and its shareholders.
I wish the best to Wavecom and all its employees."
Gemalto SA's offer is the subject of an Offer Document ("Note
d'Information") on which the AMF affixed its visa n° 08-225 on 24
October 2008, in accordance with its conformity decision of 24 October
2008. Gemalto's Offer Document, as approved by the AMF and the
additional press release dated 4 November 2008, as well as information
concerning the legal, financial and accounting characteristics of
Gemalto S.A. and Gemalto are available on the Gemalto website (www.gemalto.com)
and the AMF website (www.amf-france.org)
and can be obtained free of charge from:
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Gemalto S.A.
6, rue de la Verrerie
92190 Meudon
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HSBC France
103, avenue des Champs-Elysées
75419 Paris Cedex 08
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The circulation, publication or distribution of this press release
may be subject to legal or regulatory restrictions in certain countries.
This press release is not intended, directly or indirectly, for persons
subject to such restrictions. Receipt of this press release does not
constitute an offer in a jurisdiction where a tender offer or an offer
for securities would be illegal.
This press release is for informational purposes only and is not an
offer to buy or a solicitation of an offer to sell any securities of
Wavecom S.A. The terms and conditions of the U.S. Offer are set forth in
the U.S. Offer to Purchase dated October 28, 2008 and the related
materials, as amended, that Gemalto filed with the U.S. Securities and
Exchange Commission (the "Commission") on Schedule TO. The terms and
conditions of the International Offer are set forth in the Note
d'Information, as amended, that Gemalto filed with the French Autorité
des marchés financiers (the "AMF"), and on which the AMF affixed its
visa n° 08-225 on October 24, 2008, in accordance with its conformity
decision of October 24, 2008. Wavecom securityholders and other
investors are urged to read carefully such offer materials (as updated
and amended) prior to making any decisions with respect to the Offers
because these documents contain important information, including the
terms and conditions of the Offers. Wavecom security holders and other
investors can obtain copies of these tender offer materials and any
other documents filed with the Commission from the Commission's website (www.sec.gov)
and with the AMF from the AMF's website (www.amf-france.org),
in each case without charge. Such materials filed by Gemalto will also
be available for free at Gemalto's website (www.gemalto.com).
Questions and requests for assistance regarding the U.S. offer may be
directed to the Information Agent, Georgeson Inc. (the "Information
Agent") (199 Water Street, 26th Floor New York, NY 10038-3650; U.S. Toll
Free Number for holders of Wavecom securities in the United States:
(800) 257-5271; U.S. Number for banks and brokers: (212) 440-9800).
Requests for additional copies of the U.S. offer documents and other
materials may be directed to the Information Agent and will be furnished
promptly at Gemalto's expense. You may also contact your broker, dealer,
commercial bank, trust company or other nominee for assistance
concerning the U.S. Offer.
Questions and requests for assistance outside the U.S. may be
directed towards Georgeson on the following toll-free number (from
France): 00 800 2667 8826.
The publication or distribution of this press release may be subject
to statutory or regulatory restrictions in certain countries. The press
release is not addressed to individuals subject to such restrictions,
either directly or indirectly. Receipt of this press release does not
constitute an offer in countries where a tender offer or an offer of
securities would be illegal.
About Gemalto
Gemalto (Euronext NL 0000400653 GTO) is the leader in digital security
with 2007 annual revenues of over €1.6 billion, more than 85 offices in
40 countries and about 10,000 employees including 1,300 R&D engineers.
In a world where the digital revolution is increasingly transforming our
lives, Gemalto's solutions are designed to make personal digital
interactions more convenient, secure and enjoyable
Gemalto provides end-to-end digital security solutions, from the
development of software applications through design and production of
secure personal devices such as smart cards, subscribers' identification
modules (SIM's), e-passports and tokens to the deployment of managed
services for its customers. More than a billion people worldwide use the
company's products and services for telecommunications, financial
services, e-government, identity management, multimedia content, digital
rights management, IT security, mass transit and many other applications.
As the use of Gemalto's software and secure devices increases with the
number of people interacting in the digital and wireless world, the
company is poised to thrive over the coming years.
For more information, please visit www.gemalto.com.
Investor Relations
Vincent Biraud
M. : +33(0) 6 08 48 33 23
vincent.biraud@gemalto.com
or
Corporate
Communication
Rémi Calvet
M. : +33(0) 6 22 72 81 58
remi.calvet@gemalto.com
or
Emlyn
Korengold
TBWA Corporate
T. : +33 (0) 6 08 21 93 74
emlyn.korengold@tbwa-corporate.com
