Redknee Solutions Inc. (dba Optiva) Releases Results of Annual and Special Meeting

TORONTO, March 28, 2018 /CNW/ – Redknee Solutions Inc. (TSX: RKN) (dba Optiva) “Optiva”, an innovative software company that delivers mission-critical monetization and subscriber management solutions to leading communication service providers (CSPs) globally, today announced that Christina Jones, Robert Stabile and Farhan Thawar were re-elected to the board of directors (the “Board”) of the Company at its annual and special meeting of holders of Subordinate Voting Shares held earlier today (the “Meeting”). In addition, resolutions to approve an amendment to the Company’s Articles to change the name of the Company to “Optiva Inc.” and to consolidate the issued and outstanding Subordinate Voting Shares on the basis of one post-consolidation share for every fifty (50) pre-consolidation shares were also passed by shareholders at the Meeting. The name change to Optiva Inc. will be effective upon the filing of articles of amendment to be filed forthwith. The Subordinate Voting Shares will commence trading on a post-consolidated basis under the ticker symbol “OPT” next week. Finally, KPMG was appointed as auditors of the Company and the Directors were authorized to fix their remuneration.

Detailed results of the votes are as follows:

 

1.    Election of Directors:

        Number of Shares For

        Number of Shares Withheld

Christina Jones

        176,506,223

    (94.21%)

        10,846,015

(5.79%)

Robert Stabile

        181,588,060

    (96.92%)

        5,764,178

(3.08%)

Farhan Thawar

        176,482,798

    (94.20%)

        10,869,440

(5.80%)

 

2.    Name Change

The report provided by the scrutineers at the Meeting in respect of the Subordinate Voting Shares voted by show of hands was as follows:

Number of Votes FOR

        Number of Votes AGAINST

        Percentage of Total Votes FOR

193,500,283

        5,887,909

        (97.05%)

 

3.    Stock Consolidation

The report provided by the scrutineers at the Meeting in respect of the Subordinate Voting Shares voted by show of hands was as follows:

Number of Votes FOR

        Number of Votes AGAINST

        Percentage of Total Votes FOR

167,626,447

        19,725,791

        (89.47%)

 

4.    Appointment of Auditors

Number of Votes FOR

        Number of Votes WITHHELD

199,379,410

        8,783

 

Wave Systems Corp. (the “Investor”), as the holder of 800,000 Series A preferred shares (the “Series A Preferred Shares”), is entitled to elect a number of directors that will be a majority of the Board. It is expected that the Investor will re-elect Demetrios Anaipakos, Scott Brighton, Chris Helling and Andrew Price to the Board at a meeting of holders of Series A Preferred Shares to be held tomorrow.

 

About Redknee (dba Optiva)

Optiva monetizes today’s digital world for communications services providers. Our portfolio of subscriber management software enables real-time billing, charging, policy management and user experience functionality that is mission-critical for our customers’ growth and innovation. Available on-premise or in the cloud, Optiva™ solutions are designed to deliver the most impact for the best value. Our deep market knowledge and powerful analytical insights coupled with the Optiva Advantage™ program ensure our customers have what they need to achieve their strategic business goals. Established in 1999, Optiva can be found on the Toronto Stock Exchange (TSX: RKN).

For more information, please go to www.optiva.com.

SOURCE Redknee Solutions Inc., dba Optiva Inc.