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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Dragonwave | LSE:DWI | London | Ordinary Share | CA26144M1032 | COM SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 57.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
OTTAWA, CANADA--(Marketwire - Oct. 10, 2007) - DragonWave Inc. ("DragonWave") (TSX:DWI)(AIM:DWI) a leading global supplier of next-generation wireless networks, today announced that a total of 12,400 options ("the Options") were granted on August 24, 2007 at the five day weighted average price of $5.47 per option to the following Director of DragonWave. Claude Haw 12,400 Total 12,400 The right granted to subscribe for ordinary shares is exercisable for up to 5 years from the vesting start date, all Options granted under the Plan shall vest, as to twenty-five percent (25%) of the Optioned Shares, on the one-year anniversary of the vesting start date, and thereafter, 1/36th of the remaining Optioned Shares shall vest at the end of each month, such that all Optioned Shares subject to issuance pursuant to the Option shall be vested on that date which is four (4) years after the Date of Grant. Therefore the first available date for the exercise for up to 25% of the Options granted will be March 1, 2008. Following the grant of the above Options the company will have 1,160,600 shares under option in issue. About DragonWave DragonWave(TM) is a leading provider of high-capacity wireless Ethernet equipment used in emerging IP networks. DragonWave designs, develops, and markets carrier-grade microwave radio frequency networking equipment that wirelessly transmit broadband voice, video and other data. DragonWave's wireless Ethernet products, which are based on a native Ethernet platform, function as a wireless extension to an existing fibre-optic core telecommunications network. The principal application for DragonWave's products is the backhaul function in a wireless communications network. Additional applications for DragonWave's products include point-to-point transport in private networks, including municipal and enterprise networks. DragonWave's corporate headquarters is located in Ottawa, Ontario, with sales locations in Europe and North America. The company's Web site is http://www.dragonwaveinc.com -30- FOR FURTHER INFORMATION PLEASE CONTACT: DragonWave Inc. Russell Frederick Chief Financial Officer 613-599-9991 ext. 2253 rfrederick@dragonwaveinc.com OR DragonWave Inc. Nadine Kittle Media Relations 613-599-9991 ext. 2262 nkittle@dragonwaveinc.com OR Canaccord Adams Limited Chris Bowman / Andrew Chubb 44 20 7050 6500 OR Weber Shandwick Financial John Moriarty 020 7067 0736 Mob: 07971 402224 jmoriarty@webershandwick.com DragonWave Inc.
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