Brief: Braeside Investments Enters Into Nomination, Support And Standstill Agreement With Spok Holdings

Spok Holdings

12/04/2018 13:59

April 12 (Reuters) - Spok Holdings Inc  SPOK.O :
    * ON APRIL 11, BRAESIDE INVESTMENTS ENTERED INTO NOMINATION,
SUPPORT AND STANDSTILL AGREEMENT WITH SPOK HOLDINGS INC
    * SEC FILING
    * AGREED TO CERTAIN CUSTOMARY “STANDSTILL” PROVISIONS FOR
DURATION
OF “SUPPORT PERIOD”
    * UNDER TERMS OF NOMINATION AGREEMENT, CO HAVE AGREED TO
MAINTAIN
BENEFICIAL OWNERSHIP OF AT LEAST 950,873 SHARES OF SPOK HOLDINGS
    * DURING SUPPORT PERIOD, CO HAVE ALSO AGREED NOT TO ACQUIRE
MORE
THAN 19.99% OF SPOK HOLDINGS’ OUTSTANDING SHARES
    * IF STEIN UNABLE TO SERVE TERM AS DIRECTOR, BRAESIDE
INVESTMENTS
MAY PROPOSE STEVEN MCINTYRE BE APPOINTED TO SERVE AS HIS
SUCCESSOR

Source text : https://bit.ly/2qsSEck
Further company coverage:  SPOK.O 

 (Reuters.Briefs@thomsonreuters.com)