WATERLOO, ON, Feb. 15, 2013 /CNW/ - Sandvine Corporation (TSX:SVC;
AIM:SAND) ("Sandvine" or the "Company") today announces that it
proposes to cancel the admission to trading of its common shares on the
Alternative Investment Market ("AIM") of the London Stock Exchange (the
"Cancellation") with effect from 7:00 a.m. (GMT) on 15 March 2013 (the
"Cancellation Date"). The last trading day on AIM will be 14 March
2013. The decision was based on several factors, including low trading
volumes on AIM and the cost and management resources involved in
maintaining the AIM listing.
Pursuant to Rule 41 of the AIM Rules, the Company has notified the
London Stock Exchange of the date of the Cancellation. Sandvine will
maintain its listing on the Toronto Stock Exchange ("TSX") and
shareholders wishing to trade Sandvine's common shares after the
Cancellation Date will be able to do so through that market.
Shareholders should not therefore be materially prejudiced by the
Prior to the Cancellation Date, shareholders may continue to trade their
securities on AIM. Whilst shareholders that have their shares deposited
with CREST Depositary Interest ("CDI") will not be required to move
their holdings from CREST until such time as they wish to trade their
CDIs or transfer them to the Canadian Depositary System ("CDS"), the
Company encourages shareholders to migrate their holdings of common
shares to the Canadian shareholder register. CDI holders wishing to
transfer their position should contact their broker or independent
professional adviser for the procedure to follow, or to contact
Computershare Investor Services PLC, the Pavilions, Bridgewater Road,
Bristol BS13 8AE, United Kingdom, Telephone: +44 (0) 870 702 0000, www.computershare.com, firstname.lastname@example.org for the procedure to follow. Public information on Sandvine can be
accessed through www.sedar.com, an independent website on which all regulatory filings must be made.
Sandvine's network policy control solutions add intelligence to fixed,
mobile and converged communications service provider networks to enable
services that can increase revenue and reduce network costs. Powered by
Sandvine's Policy Engine and SandScript policy language, Sandvine's
networking equipment provides end-to-end policy control functions
including traffic classification, and policy decision and enforcement
across the data, control and business planes. Sandvine's products
provide actionable business insight, the ability to deploy new
subscriber services and tools to optimize traffic while enhancing
subscriber Internet quality of experience.
Sandvine's network policy control solutions are deployed in more than
200 networks in over 85 countries, serving hundreds of millions of data
subscribers worldwide, www.sandvine.com.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
Certain statements contained in this news release constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to our future outlook and
anticipated events or results and, in some cases, can be identified by
terminology such as "may", "will", "should", "expect", "plan",
"anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or other similar expressions concerning matters that are not
These statements are based on certain factors and assumptions including
expected growth, results of operations, performance and business
prospects and opportunities. While we consider these assumptions to be
reasonable based on information currently available to us, they may
prove to be incorrect.
Forward looking-information is also subject to certain factors,
including risks and uncertainties, that could cause actual results to
differ materially from what we currently expect. These factors include
changes in market and competition, governmental or regulatory
developments and general economic conditions.
SOURCE: Sandvine Incorporated
For further information:
INVESTOR RELATIONS CONTACT
+1 519 880 2400 ext. 3503
Andrew Chubb/Simon Bridges
Canaccord Genuity Limited
+44 0207 523 8000