OTTAWA, Canada - January 19, 2012 - Wi-LAN Inc. ("WiLAN" or
the "Company") (TSX:WIN) (NASD:WILN) today announced that the
Company will repay its 6.00% extendible convertible unsecured
subordinated debentures ("Debentures") in accordance with
their terms upon maturity on January 31, 2012.
For each CDN$1,000.00 principal amount of Debentures held,
holders will be repaid CDN$1,000.00 plus interest in the
amount of approximately CDN$23.8356 representing interest
accrued at the annual rate of 6.00% from September 8, 2011,
the initial date on which the Debentures were issued,
inclusive to January 30, 2012, the final day before repayment
occurs. Accordingly, Debenture holders will receive a
total of approximately CDN$1,023.8356 in cash for each
principal amount of CDN$1,000.00 of Debentures held.
The Company will use CDN$233.9 million of its cash on hand to
retire this obligation.
The Debentures trade on and in accordance with the terms of
the Toronto Stock Exchange under the symbol WIN.DB.
About WiLAN
WiLAN, founded in 1992, is a leading technology innovation and licensing company. WiLAN has licensed its intellectual property to over 255 companies worldwide. Inventions in our portfolio have been licensed by companies that manufacture or sell a wide range of communication and consumer electronics products including 3G and 4G handsets, Wi-Fi-enabled laptops, Wi-Fi and broadband routers, xDSL infrastructure equipment, cellular base stations and digital television receivers. WiLAN has a large and growing portfolio of more than 3000 issued or pending patents. For more information: www.wilan.com.
Forward-looking Information
This news release contains forward-looking statements and
forward-looking information within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995 and other
United States and Canadian securities laws. The term "will"
and similar terms and phrases are intended to identify these
forward-looking statements. Forward-looking statements and
forward-looking information are based on estimates and
assumptions made by WiLAN in light of its experience and its
perception of historical trends, current conditions and
expected future developments, as well as other factors that
WiLAN believes are appropriate in the circumstances. Many
factors could cause WiLAN's actual performance or
achievements to differ materially from those expressed or
implied by the forward-looking statements or forward-looking
information. Such factors include, without limitation, (1)
the risks described in WiLAN's November 8, 2011 management's
discussion and analysis of financial condition and results of
operations relating to its 3 and 9 months ended September 30,
2011 (the "MD&A") starting at page 32 of the MD&A and (2) the
risks described in WiLAN's March 1, 2011 annual information
form for the year ended December 31, 2011 (the "AIF")
starting at page 13 of the AIF. Copies of each of the MD&A
and AIF may be obtained at . WiLAN recommends that readers
review and consider all of these risk factors and notes that
readers should not place undue reliance on any of WiLAN's
forward-looking statements. WiLAN has no intention and
undertakes no obligation to update or revise any
forward-looking statements or forward-looking information,
whether as a result of new information, future events or
otherwise, except as required by law.
All trademarks and brands mentioned in this release are the
property of their respective owners.
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For Media inquiries, please contact:
Kathryn Hughes
Director, Marketing & Communications
O: 613.688.4897
C: 613.898.6781
E: khughes@wilan.com
For Investor inquiries, please contact:
Tyler Burns
Director, Investor Relations
O: 613.688.4330
C: 613.697.0367
E: tburns@wilan.com
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