Cancellation of AIM Admission


 

TIDMRKN 
 
RNS Number : 1952N 
Redknee Solutions Inc. 
12 February 2009 
 

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| For Immediate Release                    |                         12 February 2009 | 
+------------------------------------------+------------------------------------------+ 
 
 
 
 
 
Redknee Solutions Inc. 
("Redknee" or the "Company") 
 
 
Redknee Seeks Cancellation Of AIM Admission 
 
 
MISSISSAUGA, Ontario - 12 February 2009 - Redknee (TSX/AIM: RKN), announces that 
it will cancel the admission to trading on the AIM market of the London Stock 
Exchange ("AIM") of its common shares (the "Common Shares") (the "Cancellation") 
with effect from 7:00 a.m. GMT on Friday 13 March 2009 (the "Cancellation 
Date"). The last trading day on AIM of the Common Shares will therefore be 
Thursday 12 March 2009. 
 
 
This decision follows a review of the AIM listing by the Company's Board of 
Directors (the "Board"). In coming to its conclusions, the Board considered in 
particular that the Company has a predominately Canadian resident shareholder 
base, is listed on the Toronto Stock Exchange ("TSX") and has experienced a low 
level of liquidity in respect of its Common Shares. These factors, together with 
the additional financial, regulatory and management burdens of maintaining an 
AIM listing, has led the Board to conclude that the Cancellation is in the best 
interests of the Company as a whole. 
 
 
The Company will continue to maintain the listing of the Common Shares on the 
TSX and shareholders wishing to trade Common Shares after the Cancellation Date 
will be able to do so through that market.  Shareholders should not therefore be 
materially prejudiced by the Cancellation. 
 
 
Prior to the Cancellation Date, UK shareholders may continue to trade their 
Common Shares on AIM. Whilst CREST Depositary Interest ("CDI") holders will not 
be required to move their holdings from CREST until such time as they wish to 
trade their CDIs, or transfer them to the Canadian Depository System ("CDS"), 
the Company encourages shareholders to migrate their holdings of Common Shares 
from AIM/CREST to TSX /CDS as soon as practical. 
Shareholders are advised to consult their usual stockbroker, CREST sponsor, bank 
manager, solicitor, accountant or other independent professional adviser for the 
procedure to follow to transmit their Common Shares to the Canadian shareholder 
register, or to contact Computershare Investor Services PLC, the Pavilions, 
Bridgewater Road, Bristol BS13 8AE, United Kingdom, Telephone: +44 (0) 870 702 
0000, www.computershare.com web.queries(at)computershare.co.uk for the procedure 
to follow. 
 
For those not familiar with the Canadian securities system, public information 
on the Company can be accessed through SEDAR at www.sedar.com, an independent 
website on which all regulatory filings must be made. 
 
 
For more information about Redknee, visit www.redknee.com. 
 
 
 
 
About Redknee: 
 
 Redknee is a leading global provider of innovative communication software 
products, solutions and services. Redknee's award-winning solutions enable 
operators to monetize the value of each subscriber transaction while 
personalizing the subscriber experience to meet mainstream, niche and individual 
market segment requirements. Redknee's revenue generating solutions provide 
advanced converged billing, rating, charging and policy for voice, messaging and 
new generation data services to more than 70 network operators in over 50 
countries. Established in 1999, Redknee Solutions Inc. (TSX / AIM: 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, visit http://www.redknee.com/. 
 
 
 
 
 
For additional information please contact: 
 
 
+-------------------------------------------+----------------------------------------------+ 
|                    Media Relations        |                    Financial Public          | 
|                    Contact:               |                    Relations:                | 
|                    Ashleigh Young         |                    Jeremy Garcia             | 
|                    Mi liberty             |                    Buchanan                  | 
|                    +44 (0)20 7751         |                    Communications            | 
|                    4444                   |                    +44 (0) 20 7 466          | 
|                    ayoung@miliberty.com   |                    5000                      | 
|                    Mark Yaphe, Vice       |                    jeremyg@buchanan.uk.com   | 
|                    President, Product     |                    Redknee Solutions:        | 
|                    Management &           |                    Colley Clarke, Chief      | 
|                    Marketing              |                    Financial Officer         | 
|                    +1 905 625 2298        |                    +1 905 625 2604           | 
|                    mark.yaphe@redknee.com |                    colley.clarke@redknee.com | 
|                    Nomad:                 |                                              | 
|                    Canaccord Adams        |                                              | 
|                    Limited                |                                              | 
|                    Ryan Gaffney/Andrew    |                                              | 
|                    Chubb                  |                                              | 
|                    +44 (0) 207 050 6500   |                                              | 
|                    ###                    |                                              | 
+-------------------------------------------+----------------------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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