[SatNews] International Datacasting Corporation ("IDC") (TSX:IDC has filed the management proxy circular (the "Circular") and related proxy materials with Canadian securities regulators in preparation for its annual and special meeting of shareholders to be held on June 12, 2015 (the "Meeting").
On April 22, 2015, IDC announced that it had executed a definitive agreement for the sale of IDC's broadcast products business and its related assets to Pico Digital Inc. (the "Transaction"), a privately-owned San-Diego based company providing multimedia delivery solutions to customers in the broadcast, satellite, cable and broadband markets. At the Meeting, IDC shareholders will be asked to, among other things, consider a special resolution approving the Transaction.
IDC shareholders of record on May 12, 2015 will receive notice of and be entitled to vote at the Meeting. The Circular provides additional information about IDC, the Transaction, and the anticipated amount and timing of distributions to shareholders and will be mailed to shareholders on or about May 21, 2015.
Mr. Chris Van Staveren, Chairman of the Board, and Mr. Doug Lowther, President and CEO of IDC, cordially invite all interested parties to participate in a conference call to provide an overview of the Corporation's financial results for the fourth quarter and the year ended January 31, 2015 and to respond to questions from shareholders about matters related to the upcoming Meeting:
The Meeting is scheduled to be held on Friday, June 12, 2015, starting 10:00 a.m. (Ottawa time) at the offices of Dentons Canada LLP, 99 Bank Street, Suite 1420, in Ottawa, Ontario.