Science & Technology
Science and Technology
Science and Technology
Tue, January 20, 2009
Mon, January 19, 2009 International Datacasting Corporation: TSX Approves Shareholder Rights Plan of International Datacasting Corporation
OTTAWA, ONTARIO--(Marketwire - Jan. 19, 2009) - International Datacasting Corporation (TSX:IDC) (the "Company" or "IDC") today announced that the TSX has approved the adoption of a shareholder rights plan (the "Rights Plan") which the Company previously announced on January 9, 2009 had been approved for adoption by IDC's Board of Directors. The Rights Plan is designed to encourage the fair and equal treatment of shareholders in connection with any take-over bid for the outstanding securities of the Company.
The Company's board is not currently aware of any pending or threatened take-over bid for the Company. The Rights Plan is similar to plans adopted by other Canadian companies.
Although effective as of January 9, 2009 (the "Effective Date"), the Rights Plan is subject to ratification by the Company's shareholders within six months. If not ratified within six months from the Effective Date, the Rights Plan will terminate.
A copy of the Rights Plan will be filed on SEDAR at [ www.sedar.com ] and can also be obtained from the Company upon written request.
About International Datacasting Corporation (IDC):
International Datacasting Corporation, (TSX:IDC) is a global leader in providing advanced solutions for the distribution of broadband content via satellite. IDC is at the forefront of delivering IP-based datacasting solutions via satellite and content distribution technologies with installations in more than 100 countries worldwide. IDC's products are in demand for radio and television broadcast networks, distance learning, digital signage, digital cinema, IPTV distribution and other content distribution applications. IDC is headquartered in Ottawa, Canada, operates in Europe through its wholly owned subsidiary PROFline B.V. in Arnhem, the Netherlands and has an established international network of value-added partners and distributors.
This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with IDC's growth, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities.
