Science & Technology
Science and Technology
Science and Technology
Tue, June 9, 2009
Mon, June 8, 2009
International Datacasting Corporation: International Datacasting Corporation Terminates Shareholders Rights Plan Agreement
OTTAWA, ONTARIO--(Marketwire - June 8, 2009) - International Datacasting Corporation (TSX:IDC) ("IDC" or the "Corporation") announced today that its Shareholders Rights Plan Agreement (the "Rights Plan"), previously enacted on January 9, 2009, terminated following IDC's annual and special meeting of shareholders held earlier today. The request for shareholder approval of the Rights Plan set forth in IDC's Management Proxy Circular dated April 30, 2009 was withdrawn from a formal vote at the meeting due to insufficient shareholder support, as evidenced by proxies returned to the Corporation and its transfer agent and registrar. IDC's board of directors has also approved the termination of the Rights Plan with effect as of and from today's date.
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.
