WATERLOO, ON, March 7, 2013 /CNW/ - Sandvine Corporation (TSX:SVC;
AIM:SAND) ("Sandvine") today announced that its Annual and Special
Meeting of Shareholders will take place on April 11, 2013. The meeting
will take place at 11:00 a.m. at the Princess Twin Theatre,
46 King Street North, Waterloo, ON. The special business to be acted on
at the meeting includes:
The consideration of certain amendments to the Corporation's stock
option plan to address ongoing refinements to recommended best
practices for option plans.
The proposed renewal and approval of unallocated options under the
Corporation's existing stock option plan as required by the Toronto
Stock Exchange rules every three years for a plan of this nature.
Shareholder approval to amend the Corporation's Bylaw No. 1 to provide
for advance notice of nominations of directors (an "Advance Notice
Provision") in circumstances where nominations for election to the
Board of Directors are made by shareholders other than pursuant to: (i)
a shareholder proposal made in accordance with the Ontario Business
Corporations Act ("OBCA"); or (ii) a requisition of a meeting of
shareholders made in accordance with the OBCA. The purpose of the
Advance Notice Provision is to give sufficient notice and information
regarding director nominations so that shareholders can register an
informed vote, and to establish a clear, orderly and efficient process
for such nominations. The Advance Notice Provision has been adopted by
the Board of Directors as of March 6, 2013 to be effective immediately
and will be placed before shareholders for confirmation, approval and
ratification at the upcoming shareholder meeting. Notwithstanding the
foregoing, the Advance Notice Provision shall not apply to the annual
and special meeting of shareholders of the Corporation to be held on
April 11, 2013 or any adjournment or postponement thereof.
Full details on all matters to be acted on will be included in the
Company's Management Information Circular, to be mailed to shareholders
and filed on www.sedar.com.
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 050 8000