Nuri Corrects Misleading Information in Response to Apivio Systems Inc.''s Directors'' Circular
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/08/17 -- Nuri Telecom Company Limited ("Nuri") mails a letter to shareholders of Apivio Systems Inc. ("Apivio") to correct misleading information disclosed in Apivio''s directors'' circular filed in connection with the all cash offer being made by 1101324 B.C. Ltd. (the "Offeror"), a wholly owned subsidiary of Nuri. The letter is as follows:
Letter to Shareholders of Apivio Systems Inc.
YOU HAVE AN OPPORTUNITY TO REALIZE IMMEDIATE VALUE FOR YOUR APIVIO SHARES
February 8, 2017
Dear Fellow Apivio Systems Inc. shareholders:
This is an exciting time for shareholders of Apivio Systems Inc. ("Apivio" or the "Company") as you have an opportunity to realize immediate liquidity for your shares under the PREMIUM ALL CASH OFFER being made by 1101324 B.C. Ltd (the "Offeror"), a wholly owned subsidiary of Nuri Telecom Company Limited ("Nuri").
Today, Apivio''s position in the competitive landscape is tenuous and I am writing to encourage you to determine for yourself, whether our offer to acquire all of the outstanding common shares (the "Common Shares") of Apivio at a price of CAD$0.40 per Common Share on an all cash basis (the "Nuri Offer"), is in your best interest and in the best interests of Apivio.
The board of directors (the "Board") of Apivio has imprudently recommended rejection of the 51% premium all cash offer by Nuri, in their directors'' circular (the "Directors'' Circular"). As we have heard from many shareholders, Apivio''s reasons for rejection are weak and appear to be focused on delaying shareholders from tendering to the Nuri Offer. The information below highlights key facts to help you understand why it is advantageous to tender to the Nuri Offer.
Don''t risk missing this opportunity. Tender your shares today and realize the premium and liquidity which has long avoided Apivio shareholders.
Sincerely,
Song Man Cho, Chairman and Chief Executive Officer Nuri Telecom Company Limited
FORWARD-LOOKING STATEMENTS
Certain statements included or incorporated by reference in this letter to Apivio''s shareholders constitute forward-looking statements. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding competitive challenges that will be faced by Apivio, the future growth prospects of the Apivio business, and whether Apivio will be able to identified and present to its shareholders strategic alternatives that such shareholders might find to be more desirable than the Offeror''s present offer. Forward-looking statements are based upon a number of estimates and assumptions made by the Offeror in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that the Offeror believes are appropriate in the circumstances. While these estimates and assumptions are considered reasonable by the Offeror, they are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause actual results to differ materially from those expressed or implied in any forward- looking statements made by, or on behalf of, the Offeror. Such factors include, among other things, risks relating to additional financing requirements, unanticipated technological developments, operating risks, business competition, production risks, and regulatory restrictions. Readers are cautioned that forward-looking statements are not guarantees of future outcomes and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Forward-looking statements are made as of the date of this letter to shareholders, or in the case of documents incorporated by reference herein, as of the date of such document, and, except as required by the applicable securities laws, the Offeror disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or results or otherwise.
Contacts:
Information Agent and Depositary for the Offer
Laurel Hill Advisory Group
1-877-452-7184
+1-416-304-0211 outside North America
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Datum: 08.02.2017 - 08:07 Uhr
Sprache: Deutsch
News-ID 1485405
Anzahl Zeichen: 3320
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VANCOUVER, BRITISH COLUMBIA
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"Nuri Corrects Misleading Information in Response to Apivio Systems Inc.''s Directors'' Circular
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