- Eligible U.S. beneficial holders who
submitted exempt purchaser status certificates must request to
withdraw their rights -
TORONTO, Aug. 18, 2017 /CNW/ - Redknee Solutions Inc.
("Redknee" or the "Company") (TSX: RKN) would like to remind its
rights offering (the "Rights Offering") shareholders of record that
the period to exercise the Rights expires at 5:00 p.m. (Toronto time) (the "Expiry Time") on
August 29, 2017 (the "Expiry Date").
Any Rights not exercised on or before the time the Rights expire
will be void and will have no value. Additionally, the deadline for
U.S. holders and other ineligible holders to submit exempt
purchaser status certificates to Computershare Investor Services
Inc., the rights agent for the Rights Offering (the "Rights
Agent"), is August 18, 2017.
All eligible U.S. beneficial holders must confirm their status
as "accredited investors" under Regulation D of the U.S. Securities
Act of 1933 and also contact their broker to initiate the process
of withdrawing their Rights from CDS Clearing and Depository
Services Inc. ("CDS"), the Canadian depositary system, or the
Depository Trust Company ("DTC"), the U.S. depositary system, as
applicable, in order to receive a Rights certificate and
participate in the Rights Offering. Eligible U.S. beneficial
holders holding Rights through DTC must submit their request to DTC
to withdraw their Rights and should work with their brokers to do
so. After August 21, 2017, the Rights
Agent will proceed to sell the Rights not withdrawn from DTC in
accordance with terms and conditions provided in Redknee's Rights
Offering Circular (as defined below). Eligible U.S. beneficial
holders holdings Rights through CDS must submit their request to
CDS to withdraw their rights sufficiently in advance of the Expiry
Date and should work with their brokers to do so.
Further details on the Rights Offering, including eligibility
requirements for shareholders to participate and the procedures to
be followed by shareholders in order to subscribe for Rights, are
included in a rights offering circular (the "Rights Offering
Circular") and rights offering notice (the "Rights Offering
Notice") which were filed with securities regulatory authorities in
each province and territory of Canada on July 26,
2017. A copy of the Rights Offering Circular and Rights
Offering Notice is available on SEDAR at www.sedar.com.
More Information
The completion of the Rights Offering is conditional upon the
satisfaction of certain conditions, including the approval of the
Toronto Stock Exchange.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
securities in any province, state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such
province, state or jurisdiction.
About Redknee
Redknee monetizes today's digital world for communications
service providers. Our market-leading portfolio of monetization and
subscriber management solutions includes real-time billing,
charging, policy and customer care modules and is available on
premise, cloud-based, or as Software-as-a-Service. With a central
focus on driving customer success, Redknee's products power growth
and innovation for operators globally. Established in 1999, Redknee
Solutions Inc. (TSX: RKN) can be found on the Toronto Stock
Exchange. For more information about Redknee, please go to
www.redknee.com.
SOURCE Redknee Solutions Inc.