Sandvine Corporation Proposed Cancellation of Admission to AIM (9434X)
February 15 2013 - 2:00AM
UK Regulatory
TIDMSAND
RNS Number : 9434X
Sandvine Corporation
15 February 2013
Sandvine Corporation
proposed cancellation of admission to aim
Waterloo, Ontario, February 15, 2013 - Sandvine Corporation
(TSX:SVC; AIM:SAND) ("Sandvine" or the "Company") today announces
that it proposes to cancel the admission to trading of its common
shares on the Alternative Investment Market ("AIM") of the London
Stock Exchange (the "Cancellation") with effect from 7:00 a.m.
(GMT) on 15 March 2013 (the "Cancellation Date"). The last trading
day on AIM will be 14 March 2013. The decision was based on several
factors, including low trading volumes on AIM and the cost and
management resources involved in maintaining the AIM listing.
Pursuant to Rule 41 of the AIM Rules, the Company has notified
the London Stock Exchange of the date of the Cancellation. Sandvine
will maintain its listing on the Toronto Stock Exchange ("TSX") and
shareholders wishing to trade Sandvine's common shares after the
Cancellation Date will be able to do so through that market.
Shareholders should not therefore be materially prejudiced by the
Cancellation.
Prior to the Cancellation Date, shareholders may continue to
trade their securities on AIM. Whilst shareholders that have their
shares deposited with CREST Depositary Interest ("CDI") will not be
required to move their holdings from CREST until such time as they
wish to trade their CDIs or transfer them to the Canadian
Depositary System ("CDS"), the Company encourages shareholders to
migrate their holdings of common shares to the Canadian shareholder
register. CDI holders wishing to transfer their position should
contact their broker or independent professional adviser for the
procedure to follow, or to contact Computershare Investor Services
PLC, the Pavilions, Bridgewater Road, Bristol BS13 8AE, United
Kingdom, Telephone: +44 (0) 870 702 0000, www.computershare.com
web.queries@computershare.co.uk for the procedure to follow. Public
information on Sandvine can be accessed through www.sedar.com, an
independent website on which all regulatory filings must be
made.
ABOUT SANDVINE
Sandvine's network policy control solutions add intelligence to
fixed, mobile and converged communications service provider
networks to enable services that can increase revenue and reduce
network costs. Powered by Sandvine's Policy Engine and SandScript
policy language, Sandvine's networking equipment provides
end-to-end policy control functions including traffic
classification, and policy decision and enforcement across the
data, control and business planes. Sandvine's products provide
actionable business insight, the ability to deploy new subscriber
services and tools to optimize traffic while enhancing subscriber
Internet quality of experience.
Sandvine's network policy control solutions are deployed in more
than 200 networks in over 85 countries, serving hundreds of
millions of data subscribers worldwide, www.sandvine.com.
INVESTOR RELATIONS CONTACT AIM NOMAD
Rick Wadsworth Andrew Chubb/Simon Bridges
Sandvine Canaccord Genuity Limited
+1 519 880 2400 ext. 3503 +44 0207 523 8000
rwadsworth@sandvine.com
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute
forward-looking information within the meaning of securities
laws.
Forward-looking information may relate to our future outlook and
anticipated events or results and, in some cases, can be identified
by terminology such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "intend", "estimate", "predict",
"potential", "continue" or other similar expressions concerning
matters that are not historical facts.
These statements are based on certain factors and assumptions
including expected growth, results of operations, performance and
business prospects and opportunities. While we consider these
assumptions to be reasonable based on information currently
available to us, they may prove to be incorrect.
Forward looking-information is also subject to certain factors,
including risks and uncertainties, that could cause actual results
to differ materially from what we currently expect. These factors
include changes in market and competition, governmental or
regulatory developments and general economic conditions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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