Redline Communications Shareholders Accept Buy from the Aviat Companies, Inc
TORONTO , /CNW/ – Redline Correspondence Group Inc. (“Redline” or the “Company”) RDL , a leading provider regarding mission-crucial studies system having remote and you can severe surroundings, are thrilled to mention the results of your stockholder vote within brand new annual and you will unique conference from shareholders (“Shareholders”), which was held before now (“Meeting”). In the Appointment, new Shareholders voted overwhelmingly in favor of the new prior to now announced suggested plan out-of plan (the latest “Arrangement”) with Aviat Communities, Inc. (“Aviat”) pursuant that Aviat, owing to an entirely-possessed subsidiary, perform to get most of the a good popular offers regarding Redline (the fresh new “Well-known Offers”) for CAD$0.ninety per Well-known Express.
Achievement of the Plan remains at the mercy of certain classic standards, including the approval of your Ontario Advanced Judge off Justice (Commercial Checklist) (the latest ” Court”). The firm intends to look for a last order regarding the Judge to agree the latest Arrangement during the a paying attention anticipated to be stored toward .
Concurrently, on Appointment Investors holding just as much as % of the Popular Shares chosen in favor of a different quality granting new reduced amount of stated capital of your Common Shares regarding the company that is required to complete the newest Arrangement
More information concerning the Plan is determined call at Redline’s administration pointers round dated which has been registered under Redline’s profile to the SEDAR in the sedar.
Additionally, from the Conference, all of the four nominees to your board out-of administrators of one’s Company were decided to go with, the fresh new voting outcome of which can be the following:
Number and you will percentage of Prominent Offers illustrated privately otherwise of the proxy and you can entitled to choose within Meeting that were voted For