TORONTO, March 27, 2017 /CNW/ - Redknee Solutions Inc.
("Redknee" or the "Company") (TSX: RKN) announces that the Board of
Directors of the Company (the "Board") received a letter from
Valsef Capital and Valsef Trading. Redknee will hold its Annual and
Special General Meeting of shareholders of the Company (the
"Meeting") as scheduled on Wednesday
March 29th at 10am.
Neil Chander has withdrawn his
candidacy as a nominee for the election of directors at the
Meeting. The Company has also been advised that Invesco Canada
Limited intends to nominate Keith
Graham as a director to the Board at the Meeting. Mr. Graham
is the founder of Rondeau Capital Inc. and has more than 25 years
of senior level investment management experience. Mr. Graham is a
Chartered Financial Analyst (CFA) Charterholder, and earned an MBA
from the Ivey School of Business at the University of Western Ontario. The members of the
Company's Nomination and Governance Committee have met with Mr.
Graham and are supportive of his nomination. Additionally, ESW
Capital has informed the Company that they intend to vote for the
election of Mr. Graham.
About Redknee
Redknee monetizes today's digital world. We provide a complete
portfolio of mission-critical monetization and subscriber
management solutions, including real-time billing, charging, policy
and customer care modules, which allow Communications Service
Providers to charge for things in new and innovative ways and
create a unique user experience. Available on premise, cloud-based,
or as a Software-as-a-Service, Redknee's low-risk, flexible
solutions power more than 250 businesses across the globe.
Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the
parent of the wholly-owned operating subsidiary Redknee Inc. and
its various subsidiaries.
References to Redknee refer to the combined operations of those
entities. For more information about Redknee and its solutions,
please go to www.redknee.com.
SOURCE Redknee Solutions Inc.