Redknee Solutions Inc. Responds to Valsef Letter

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Redknee Solutions Inc. Responds to Valsef Letter

Canada NewsWire

TORONTO, March 27, 2017

TORONTO, March 27, 2017 /CNW/ - Redknee Solutions Inc. ("Redknee" or the "Company") (TSX: RKN) announces that the Board of Directors of the Company (the "Board") received a letter from Valsef Capital and Valsef Trading. Redknee will hold its Annual and Special General Meeting of shareholders of the Company (the "Meeting") as scheduled on Wednesday March 29th at 10am.

Neil Chander has withdrawn his candidacy as a nominee for the election of directors at the Meeting. The Company has also been advised that Invesco Canada Limited intends to nominate Keith Graham as a director to the Board at the Meeting. Mr. Graham is the founder of Rondeau Capital Inc. and has more than 25 years of senior level investment management experience. Mr. Graham is a Chartered Financial Analyst (CFA) Charterholder, and earned an MBA from the Ivey School of Business at the University of Western Ontario. The members of the Company's Nomination and Governance Committee have met with Mr. Graham and are supportive of his nomination. Additionally, ESW Capital has informed the Company that they intend to vote for the election of Mr. Graham.

About Redknee

Redknee monetizes today's digital world. We provide a complete portfolio of mission-critical monetization and subscriber management solutions, including real-time billing, charging, policy and customer care modules, which allow Communications Service Providers to charge for things in new and innovative ways and create a unique user experience. Available on premise, cloud-based, or as a Software-as-a-Service, Redknee's low-risk, flexible solutions power more than 250 businesses across the globe. Established in 1999, Redknee Solutions Inc. (TSX: RKN) is the parent of the wholly-owned operating subsidiary Redknee Inc. and its various subsidiaries.

References to Redknee refer to the combined operations of those entities. For more information about Redknee and its solutions, please go to www.redknee.com.

SOURCE Redknee Solutions Inc.

To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/March2017/27/c6370.html

Copyright CNW Group 2017

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