CALGARY, March 3, 2016 /CNW/ - SMART Technologies Inc. (NASDAQ: SMT) (TSX: SMA) ("SMART" or the "Company"), a leading provider
of education and business collaboration solutions, announces that it
will hold a special meeting (the "Meeting") of its shareholders on
April 28, 2016 to seek shareholder approval of a proposed consolidation
(the "Consolidation") of SMART's fully paid and issued common shares on
a ratio of one post-Consolidation common share for every ten
pre-Consolidation common shares. SMART currently has 122,429,920 issued
and outstanding common shares and there is expected to be 12,242,992
issued and outstanding common shares upon completion of the
The record date for SMART's shareholders to be entitled to vote on the
Consolidation is March 15, 2016. Additional information about the
Consolidation will be available in SMART's information circular that
will be mailed to the shareholders in connection with the Meeting, and
which will be available on SEDAR at www.sedar.com or on the EDGAR section of the U.S. Securities and Exchange
Commission's website at www.sec.gov, on or about March 22, 2016.
SMART Technologies Inc. (NASDAQ: SMT, TSX: SMA) is a world leader in
simple and intuitive solutions that enable more natural collaboration.
We are an innovator in interactive touch technologies and software that
inspire collaboration in both education and businesses around the
globe. To learn more, visit smarttech.com.
SMT - F
Certain information contained in this press release may constitute
forward-looking information including, without limitation, the date of
the Company's special meeting of shareholders, the Company's intention
to hold such meeting, the Company's intention to seek shareholder
approval of the Consolidation at such meeting, the date SMART's
information circular in respect of such meeting will be available and
the expected effects of the Consolidation. By their very nature,
forward-looking information and statements involve inherent risks and
uncertainties, both general and specific, and risks that predictions,
forecasts, projections and other forward-looking information and
statements will not be achieved. We caution readers not to place undue
reliance on these statements as a number of important factors could
cause the actual results to vary materially from the forward-looking
information or statements. We do not assume responsibility for the
accuracy and completeness of the forward-looking information or
statements. Any forward-looking information and statements contained in
this press release are expressly qualified by this cautionary
©2016 SMART Technologies. All third-party product and company names are
for identification purposes only and may be trademarks of their
respective owners. To view a list of SMART trademarks please visit our Trademarks and Guidelines page.
Please note that SMART is written in all capital letters.
SOURCE SMART Technologies Inc.
For further information:
Investor Relations Manager
SMART Technologies Inc.
Director, Corporation Communications
SMART Technologies Inc.