Redknee Shareholders Rights Offering Expires on August 29
Redknee Solutions Inc, Toronto-based global provider of software products, solutions and services to the telecommunications’ industry, has issued a statement to its rights offering shareholders.
The company used the opportunity to remind them that the period to exercise their rights will expire on August 29 at 5:00 PM (Eastern Daylight Time).
If any of the rights remain unexercised before this time, they will be nulled and considered void. Apart from this, Redknee addressed its US-based holders and other ineligible holders to submit their certificates until August 18.
The company will send a rights offering circular and rights offering notice, which will provide detailed information on rights offering, including all the necessary requirements for the participation in the procedures.
The circular and the notice were filed with the authorities of each Canadian province and territory on July 26.
The last word when it comes to the completion of the process is on the Toronto Stock Exchange, which will have to approve the whole deal.
About the Company
Redknee Solutions Incorporated was founded back in 1999, with its European expansion only a year later. The research and development facilities were open in India in 2004.
The company became listed on Toronto Stock Exchange in 2008, while the company won Deloitte’s 50 Best Managed Companies award on eight separate occasions. Its portfolio includes real-time billing, charging, policy and customer care, available across the Americas, Europe, Asia Pacific, the Middle East and Africa.
With more than 50 patents, Redknee software support more than 200 operators across 90 countries which accounts for the management of more than 22 billion network transactions on a monthly basis.
The company’s list of customers includes some of the leading global network operators, such as AT&T, O2, Singtel, Telefónica, Telus, T-Mobile, Vodafone and Zain.