TORONTO, March 31, 2020 /CNW/ - Optiva Inc. ("Optiva" or the "Company") (TSX: OPT), a leader in providing communications service providers (CSPs) worldwide with cloud-native revenue management software on the public cloud, announced today that the Company is postponing the date of its annual and special meeting of shareholders (the "Meeting") previously scheduled for May 12, 2020. The Meeting will deal both with normal course matters and matters related to the previously announced requisition for a special meeting of holders of the Company's subordinate voting shares received by the Board of Directors of the Company from Maple Rock Capital Partners Inc.
The postponement of the Meeting was approved by the special committee of the Board of Directors after the Company was advised by virtual meeting service providers that it was not possible to conduct a "virtual only" contested shareholder meeting. As a result of the inability to conduct the Meeting on a virtual-only basis and out of concern for the safety of the Company's staff, shareholders and advisers involved in the Meeting, the Company has decided to conduct the Meeting using a hybrid format to minimize the health risks posed by gatherings due to the dangers of coronavirus 2019 (COVID-19). The hybrid format proceedings will be held in person and streamed via a live webcast. Shareholders of the Company will be strongly encouraged to participate virtually rather than in person.
As soon as a service provider is secured for the Meeting and an appropriate physical location for the Meeting can be secured, the Company will announce the new date for the Meeting, which date will be prior to June 30, 2020, and will provide instructions for shareholders and guests regarding how to register and participate in the Meeting.
About Optiva Inc.:
Optiva Inc. is the leader in providing communication service providers (CSPs) worldwide with cloud-native revenue management software on the public cloud. MNOs and MVNOs can integrate our best-of-breed charging engine into a BSS stack or deploy our fully managed, end-to-end, SaaS platform. Optiva products offer unmatched speed, scale, security and savings. Our market knowledge, analytical insights and unique Customer Success Program ensure telecoms are equipped to achieve their strategic business goals. Established in 1999, Optiva Inc. is on the Toronto Stock Exchange (TSX: OPT). For more information, visit www.optiva.com.
SOURCE Optiva Inc.