LEVIS, QC, Oct. 25, 2016 /CNW Telbec/ - DEQ Systems Corp. (TSXV: DEQ) ("DEQ") is pleased to announce that both Institutional Shareholder Services ("ISS") and Glass Lewis & Co. ("Glass Lewis"), two leading independent proxy advisory firms whose analyses and recommendations are relied upon by major institutional investment firms, mutual funds and fiduciaries, have recommended that shareholders of DEQ vote to support the proposed plan of arrangement (the "Arrangement") between DEQ and Scientific Games Corporation, through a wholly-owned subsidiary, at DEQ's special meeting of shareholders scheduled for November 3, 2016.
Endorsing the Arrangement, ISS noted that "A vote FOR is warranted based on a review of the terms of the transaction, in particular, the significant cash premium which provides certainty of value, and the adequate transaction process undertaken for the proposed deal. As the Arrangement is deemed favourable, the reduction of the company's stated capital, which is a requirement for the Arrangement, also warrants support".
All DEQ shareholders are encouraged to read the management proxy circular (the "Circular") with respect to the Arrangement, which was mailed to shareholders of record as of September 28, 2016. It is also available on DEQ's profile on SEDAR at www.sedar.com and on DEQ's website (www.deq.com).
The Board of Directors of DEQ has unanimously recommended that shareholders vote in favour of the resolutions outlined in the Circular.
DEQ shareholders are encouraged to vote by proxy, which must be received by DEQ's transfer agent, CST Trust Company, not later than 10:00 a.m. (EST) on November 1, 2016 or 48 hours (excluding Saturdays, Sundays and statutory holidays) prior to the commencement of the reconvened Meeting if the Meeting is adjourned or postponed.
If you have any questions or require assistance in voting, please contact the proxy solicitation agent, D.F. King, at 1-800-398-2142 toll free in North America, or call collect outside North America at 1-201-806-7301 or by email at firstname.lastname@example.org.
About DEQ Systems
DEQ Systems Corp. (TSXV: DEQ) is one of the market leaders in Table Games, Progressive Systems, Proprietary Table Games content and Utility solutions. DEQ's systems and games are installed in over 300 casinos, in 30 countries around the world. The combination of our services, industry leading products and revenue generation capabilities make DEQ a leader for innovation in the table game bonusing segment of the global gaming market. For more information, please visit www.deq.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE DEQ SYSTEMS CORP.
For further information: Investor Relations: DEQ: Joe Bertolone +775-450-0115, President & Chief Executive Officer, Joe.Bertolone@DEQ.com; Media Relations: DEQ: Charles Meredith +702-703-9518, Chief Legal Officer & Corporate Secretary, Charles.Meredith@DEQ.com