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Cyberonics Announces Expansion of Share Repurchase Program By An Additional One Million Shares
Date:12/5/2013

HOUSTON, Dec 5, 2013 /PRNewswire/ -- Cyberonics, Inc. (NASDAQ: CYBX) today announced that, following substantial completion of its prior share repurchase program, its board of directors has approved a new share repurchase program of one million shares.

The company's board of directors had previously authorized repurchases of shares in February 2008, February 2010, June 2011, November 2011 and January 2013. Since February 2008, and through December 3, 2013, the company has repurchased more than 4.2 million shares for approximately $152 million.

This new authorization is expected to commence shortly and is expected to be completed by the end of fiscal 2015.

About Cyberonics, Inc. and the VNS Therapy® System

Cyberonics, Inc. is a medical technology company with core expertise in neuromodulation.  The company developed and markets the VNS Therapy System, which is FDA-approved for the treatment of refractory epilepsy and treatment-resistant depression.  The VNS Therapy System uses a surgically implanted medical device that delivers pulsed electrical signals to the vagus nerve.  Cyberonics markets the VNS Therapy System in selected markets worldwide.

Additional information on Cyberonics and the VNS Therapy System is available at www.cyberonics.com.

Safe harbor statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended.  These statements can be identified by the use of forward-looking terminology, including "may," "believe," "will," "expect," "anticipate," "estimate," "plan," "intend," "forecast," or other similar words.  Statements contained in this press release are based on information
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SOURCE Cyberonics, Inc.
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