SOURCE: Redknee Solutions, Inc.
TORONTO--(Marketwire - Jun 15, 2012) - Redknee Solutions, Inc. (TSX: RKN), a leading provider of business-critical software and solutions for communications service providers, announced that the Company has entered into an issuer automatic purchase plan agreement (the "Plan") in respect of the Company's Normal Course Issuer Bid.
The Plan authorizes the Broker to purchase the Company's common shares over the facilities of the Toronto Stock Exchange and under the Normal Course Issuer Bid during the Company's internal blackout periods upon five days prior notice of the blackout period to the Broker. The upcoming Blackout Period commences on June 15, 2012 and ends on August 13, 2012. The Plan and any purchases by the Broker are subject to the requirements, including price limitations, of the Toronto Stock Exchange. The Company may instruct the Broker to make specific purchases and suspend or terminate the Plan, provided in each case that the Company certifies to the Broker that it is not in possession of any material undisclosed information and such request is otherwise in compliance with the terms of the Plan.
The Plan has been crafted to be an "automatic" plan pursuant to Ontario Securities Commission Staff Notice 55-701. The Plan has been pre-cleared by the Toronto Stock Exchange.
About Redknee Solutions, Inc.
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 over 90 network operators in over 50 countries. References to Redknee refer to the combined operations of the parent Redknee Solutions, Inc., and all wholly owned subsidiaries.
Redknee®, Redknee Solutions, and the Redknee logo are trademarks or registered trademarks of Redknee Solutions Inc. All other company, product names and any registered and unregistered trademarks mentioned (if any) are used for identification purposes only and remain the exclusive property of their respective owners. For more information, visit www.redknee.com.