Brief: Optiva Announces Receipt Of Requisition And Formation Of Special Committee

Optiva

31/01/2020 12:41

Jan 31 (Reuters) - Optiva Inc  OPT.TO :
    * OPTIVA ANNOUNCES RECEIPT OF REQUISITION AND FORMATION OF
SPECIAL
COMMITTEE
    * OPTIVA INC - SPECIAL MEETING REQUISITION IS BEING MADE BY
MAPLE
ROCK CAPITAL PARTNERS INC.
    * OPTIVA -REQUISITION PROPOSES THAT HOLDERS OF SUBORDINATE
VOTING
SHARES CONSIDER PROPOSED RESOLUTIONS, INCLUDING RESOLUTION TO
REMOVE 2 DIRECTORS
    * OPTIVA INC - PROPOSAL TO REMOVE TWO INDEPENDENT DIRECTORS,
AND
REPLACE THEM WITH HAND-PICKED NOMINEES OF MAPLE ROCK
    * OPTIVA INC - BOARD HAS APPOINTED A SPECIAL COMMITTEE
COMPRISED
OF THREE INDEPENDENT DIRECTORS
    * OPTIVA INC - SPECIAL COMMITTEE WILL REVIEW REQUISITION
    * OPTIVA - MAPLE ROCK CAPITAL PARTNERS CLAIMS TO OWN
APPROXIMATELY
22.1% OF COMPANY'S SUBORDINATE VOTING SHARES

Source text for Eikon:  ID:nCNWr74Rla 
Further company coverage:  OPT.TO 

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