PARIS, France – September 30, 2011 – Sequans Communications S.A. (NYSE: SQNS), will release its financial results for the third quarter of 2011 on Monday, October 24, 2011, after the close of regular trading hours. Following the announcement, Sequans’ management will host a conference call at 4:30 p.m. EDT.
Due to the timing of the earnings announcement, pursuant to the terms of the lock-up agreements between its pre-IPO stockholders and the IPO underwriters, the term of the lock-up agreements has been automatically extended through and including November 11, 2011. Consequently, the first day that pre-IPO stockholders who are currently subject to a lock-up may trade Sequans’ American Depositary Shares (ADS) will be November 14, 2011.
The lock-up agreements restrict dispositions of company securities prior to a date which is 180 days after the effective date of the company’s initial public offering, unless prior to the expiration of the 180-day restricted period, the company announces that it will release earnings results during the 16-day period following the last day of the initial 180 day lock-up period, in which case the lock-up period will be extended until the expiration of the 18-day period beginning on the date of the earnings release.
Third Quarter 2011 Conference Call Details
Date: October 24, 2011
Time: 4:30 p.m. EDT / 22:30 CEST
Dial in: U.S. toll free: 800-230-1059 / International: +1 612-288-0329
A live and archived webcast of the call will be available from the Investors section of the Sequans website at www.sequans.com/investors/. A replay of the conference call will be available until November 24, 2011, by dialing toll free 800-475-6701 in the U.S., or +1 320-365-3844 from outside the U.S., using the following access code: 218014.
About Sequans Communications
Sequans Communications S,A. (NYSE: SQNS) is a 4G chipmaker, supplying LTE and WiMAX chips to wireless equipment and device manufacturers worldwide. Founded in 2003 to address the WiMAX market, the company expanded in early 2009 to address the LTE market. The company is based in Paris, France with additional offices throughout the world, including United States, United Kingdom, Israel, Hong Kong, Singapore, Taiwan, and China.
