Transaction to Take LOREX Technology Inc. Private by FLIR Systems, Inc. Completed
21 12월 2012 - 1:54AM
Marketwired Canada
LOREX Technology Inc. (TSX VENTURE:LOX) ("LOREX") is pleased to announce that
FLIR Systems, Inc. has concluded the acquisition (the "Transaction") of LOREX
and has acquired all of the outstanding common shares of LOREX (the "Common
Shares") for cash consideration of CAD $1.30 per Common Share. As a result of
the completion of the Transaction, the Common Shares of LOREX will be delisted
from the TSX Venture Exchange.
For shareholders who held their Common Shares through a broker, the payment of
the consideration will be processed through their broker. For shareholders who
held their Common Shares in registered form, the payment of the consideration
will be processed after they deposit their share certificates with Equity
Financial Trust Company, the depositary for the Transaction, in accordance with
the instructions in the Letter of Transmittal mailed to shareholders. Any
questions regarding payment of the consideration, including any request for
another form of Letter of Transmittal, should be directed to the depositary via
telephone at 1 (866) 393-4891 (toll free in North America) and (416) 361-0152
(Overseas) or via email at investor@equityfinancialtrust.com.
The Letter of Transmittal and the management information circular of LOREX dated
November 12, 2012 that contains details regarding the Transaction can be found
under LOREX's profile at www.sedar.com.
ABOUT LOREX TECHNOLOGY INC.
LOREX Technology Inc. provides businesses and consumers with leading edge video
surveillance security solutions and sells its products under the LOREX and
Digimerge brands. The LOREX brand, which caters to both small business and
consumer markets, is available in thousands of retail locations across North
America. The Digimerge division distributes its products through major
distributors in North America. Both brands concentrate on the sale of wired,
wireless and IP security surveillance and monitoring equipment including
cameras, digital video recorders and all-in-one systems.
FOR FURTHER INFORMATION PLEASE CONTACT:
LOREX Technology Inc.
Eric Miller
Chief Financial Officer
(905) 946-8589, ext. 168
eric.miller@lorexcorp.com
www.lorextechnology.com
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