Cryptologic Exchange Corporation Announces Redemption of All Outstanding Exchangeable Shares and Exercise of Redemption Call ...
04 4월 2012 - 7:20AM
Marketwired
CRYPTOLOGIC EXCHANGE CORPORATION. (TSX:CXY) a subsidiary of
CryptoLogic Limited (TSX:CRY)(NASDAQ:CRYP)(LSE:CRP) announces that,
as a result of the recent change in control of CryptoLogic Limited,
it has called for the redemption of its outstanding Exchangeable
Shares on April 10, 2012 (the "Redemption Date") and that
CryptoLogic Callco ULC ("Callco") has given notice of its intent to
exercise its overriding redemption call right to acquire all of the
outstanding Exchangeable Shares (other than Exchangeable Shares
held by CryptoLogic Limited and its affiliates).
On the Redemption Date, Callco will acquire each of these
Exchangeable Shares in consideration for one ordinary share of
CryptoLogic Limited ("CryptoLogic Share") for each Exchangeable
Share held.
Registered holders of Exchangeable Shares must deliver their
share certificates and accompanying documentation to Equity
Financial Trust Company in order to receive the CryptoLogic Shares
to which they are entitled pursuant to the redemption.
Notice of the redemption of Exchangeable Shares and the exercise
by Callco of its redemption call right and a Letter of Transmittal,
will be mailed to holders of Exchangeable Shares. Copies of these
documents will be filed on the Canadian System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com under the
profile of CryptoLogic Exchange Corporation. Holders of
Exchangeable Shares should follow the instructions in these
materials.
After April 5, 2012 (the last business day prior to the
Redemption Date), former holders of Exchangeable Shares will not
have any rights as holders thereof other than the right to receive
the CryptoLogic Shares to which they are entitled pursuant to the
redemption.
The Corporation intends to apply to the Toronto Stock Exchange
to have the Exchangeable Shares delisted after April 10, 2012. The
Corporation also intends to apply to the securities regulatory
authorities to cease to be a reporting issuer after the Redemption
Date.
About CryptoLogic® (www.cryptologic.com)
Focused on integrity and innovation, CryptoLogic Limited is a
leading developer and supplier of Internet gaming software. With
more than 300 games, CryptoLogic has one of the most comprehensive
casino suites on the Internet, with award-winning games featuring
some of the world's most famous action and entertainment
characters. The Company's licensees include many top Internet
gaming brands. CryptoLogic's leadership in regulatory compliance
makes it one of the few companies with gaming software certified to
strict standards similar to land-based gaming. The CryptoLogic
Group licenses gaming software and services to blue-chip customers
that offer their games to non-U.S. based players around the
world.
Contacts: Daniel Sebag, CFO +1 514 744 3122
Cryptologic Limited (MM) (NASDAQ:CRYP)
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