AUDIOCODES NOTIFIES HOLDERS OF 2.00% SENIOR CONVERTIBLE NOTES DUE 2024 OF EXTENSION OF PUT OPTION EXPIRATION
Lod, Israel – October 20, 2009 – AudioCodes (NasdaqGS: AUDC), a leading provider of Voice over IP (VoIP) technologies and Voice Network products, is notifying holders of its 2.00% Senior Convertible Notes due 2024 (CUSIP Nos. 050732AB2 and 050732AA4) (the “Notes”) that the expiration time of their option, pursuant to the terms of the Notes, to require AudioCodes to purchase, promptly after November 9, 2009, all or a portion of such holders’ Notes (the “Put Option”), has been extended until 12:00 midnight, Eastern time, on November 9, 2009, from the previous expiration time of 5:00 p.m., New York City time, on November 9, 2009. Except for this extension of time, all other terms of the Put Option remain unchanged.
In order to exercise the Put Option, a holder must follow the procedures set forth in the applicable notice delivered to holders. Holders may withdraw any previously tendered Notes pursuant to the terms of the Put Option at any time prior to 12:00 midnight, Eastern Time, on November 9, 2009.
This press release is for informational purposes only and is not an offer to purchase, or the solicitation of an offer to purchase, the Notes.