VANCOUVER, July 2 /CNW/ - Gemcom Software International Inc. (TSX:GCM),
the largest global supplier of specialised mining productivity solutions,
today announced that RiskMetrics ISS Canada, Canada's leading independent
proxy firm, has indicated that there are no significant governance concerns,
that they have no objection to the transaction, and are recommending that
Gemcom securityholders vote FOR the proposed plan of arrangement (the
"Arrangement") whereby an acquisition vehicle indirectly owned by affiliates
of JMI Equity Fund VI, L.P., Carlyle Venture Partners III, L.P. and Pala
Investments Holdings Limited (the "Purchaser"), will acquire all of Gemcom's
"The comprehensive review undertaken by RiskMetrics ISS Canada recommends
that Gemcom securityholders vote FOR the Arrangement and, in our opinion,
provides significant independent validation that the transaction represents
the best alternative for maximising shareholder value," said Burke Corbet,
chairman of the Gemcom Board of Directors.
A special meeting of Gemcom shareholders will be held at 11:00 a.m. PDT
on July 16, 2008 at the Marriott Pinnacle Hotel, 1128 West Hastings Street,
Vancouver, British Columbia, Canada, V6E 4R5. Gemcom securityholders are
encouraged to review the Notice of Special Meeting and Information Circular
issued by the Company on June 19, 2008. The Information Circular provides,
among other things, a detailed discussion of the process that led to the
proposed Arrangement and the reasons behind Gemcom's Board of Directors'
unanimous recommendation that shareholders vote FOR the transaction. Pending
the receipt of court and securityholder approval, the transaction is expected
to be completed in late July.
Gemcom's Board urges shareholders to vote their proxy FOR the proposed
Arrangement today by signing, dating and returning their proxies. The deadline
for receiving proxies is July 14, 2008 at 2:00 p.m. PDT. If shareholders have
any questions about the information contained in the Information Circular or
require assistance in completing their proxy forms, please contact Gemcom's
proxy solicitation agent, The Laurel Hill Advisory Group, toll-free at
About RiskMetrics Group
RiskMetrics Group is Canada's leading independent proxy advisory firm and
the leading authority on proxy voting and corporate governance issues in
Canada. RiskMetrics has been providing advisory and voting services to leading
pension funds, investment managers, mutual funds and other institutional
shareholders since 1987.
When mining companies seek to increase mine productivity, they turn to
Gemcom for technology and services. The Company is home to world-renowned
mining solutions like GEMS, Surpac, Minex, Whittle, and InSite and to industry
thought-leaders who are pushing the boundaries of what's possible in mining.
Established in 1985, Gemcom has a global reach delivering comprehensive
solutions in all major mining centres in more than 90 countries. Every major
mining company, including BHP Billiton, Codelco, De Beers, Newmont and Vale is
a Gemcom client. Through a combination of organic growth and strategic
acquisitions, the Company has become the largest global supplier of
specialised mining productivity solutions. Gemcom is listed on the TSX under
the ticker "GCM." For more information, visit www.gemcomsoftware.com.
Gemcom, the Gemcom logo and combinations thereof, are trademarks of
Gemcom Software International Inc. GEMS, Surpac, Minex, Whittle, MineSched,
PCBC and Gemcom InSite are either registered trademarks or trademarks of
Gemcom Software International Inc.
For further information:
For further information: Investor Communications: Garth Albright, Chief
Financial Officer, (604) 684-6550, email@example.com; Nick Hurst,
Vice President, The Equicom Group, (403) 538-4845, firstname.lastname@example.org;
Corporate Communications: Mark Bese, Marketing Communications Manager, (604)
684-6550 ext. 4481, email@example.com