Investor amends terms of agreement relating to International Datacasting
Corporation securities
For purposes of applicable Canadian securities laws, the Investor (together with an associate of the Investor who may be presumed, pursuant to applicable Canadian securities laws, to be acting jointly or in concert with the Investor) may be considered to beneficially own an aggregate of 5,333,600 IDC common shares (comprised of 4,000,000 IDC common shares held by 1108131, 1,333,000 common shares underlying options held by 1108131, and the 600 IDC common shares held by an associate of the Investor) representing approximately 9.21% of the outstanding common shares of IDC.
In addition, for purposes of Canadian securities laws the Investor may be considered to exercise control over an additional 3,878,092 IDC common shares owned by GrowthWorks (and which are subject to the options granted to Messrs. Godard and Adamou under the
Other Information
The Investor acquired the common shares that are the subject of this press release for investment purposes. The Investor intends to review his investment in IDC on a continuing basis. Depending on various factors including, without limitation, IDC's financial position and investment strategy, the price levels of the Common Shares, conditions in the securities markets and general economic and industry conditions, the Investor may in the future take such actions with respect to his investment in IDC as he deems appropriate including, without limitation, seeking board representation, making proposals to IDC concerning changes to the capitalization, ownership structure or operations of IDC, acquiring additional IDC common shares, selling or otherwise disposing of some or all of his IDC common shares or changing his intention with respect to any and all of these matters.
Neither the issuance of this news release in connection with the matters disclosed in this news release nor the filing by the Investor of the report in accordance with applicable Canadian securities laws is an admission that an entity named or otherwise referred to in this news release owns or controls any described securities or is a joint actor with another entity named or otherwise referred to in this news release.
The address for the Investor is set out below.
For further information: For further information: including to obtain a copy of the report filed by the Investor in accordance with applicable Canadian securities laws, contact: Francesco Ruffolo, c/o Wilson Display, 1645 Aimco Boulevard, Mississauga, ON, L4W 1H8, Telephone: (905) 625-9200
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