QUEBEC CITY, Aug. 20, 2021 /PRNewswire/ - EXFO
Inc. ("EXFO" or the "Corporation") (NASDAQ:
EXFO) (TSX: EXF) is pleased to announce that the Superior Court of
Québec has issued a final order approving the previously announced
plan of arrangement with 11172239 Canada Inc. (the
"Arrangement"). At the special meeting of EXFO's
shareholders held on August 13, 2021,
the special resolution approving the arrangement resolution was
approved by 99.65% of the votes cast by shareholders, voting
together as a single class, as well as 90.95% of the votes cast by
holders of subordinate voting shares, excluding votes attached to
the subordinate voting shares held, directly or indirectly, by
Germain Lamonde and Philippe Morin.
The Arrangement is expected to be completed on or about
August 27, 2021, subject to the
satisfaction or waiver of customary closing conditions.
Further information regarding the Arrangement is provided in the
management information circular dated July
15, 2021.
Caution Regarding Forward-looking Statements
This press release contains forward-looking statements within
the meaning of Canadian securities laws. In addition, this press
release also contains forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of
1995, and we intend that such forward-looking statements be
subject to the safe harbors created thereby. Forward-looking
statements are statements other than historical information or
statements of current condition. Words such as may, expect,
believe, plan, anticipate, intend, could, estimate, continue, or
similar expressions or the negative of such expressions are
intended to identify forward-looking statements. These statements
are based on certain assumptions deemed reasonable by EXFO, but are
subject to certain risks and uncertainties, several of which are
outside the control of EXFO, which may cause results to vary
materially. Such risks and uncertainties include, but are not
limited to the following: the possibility that various closing
conditions for the transaction may not be satisfied or waived and
other risks and uncertainties discussed in documents filed with the
U.S. Securities and Exchange Commission. EXFO disclaims any
intention or obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required by securities
laws.
About EXFO
EXFO develops smarter test, monitoring and analytics solutions
for fixed and mobile network operators, webscale companies and
equipment manufacturers in the global communications industry. Our
customers count on us to deliver superior network performance,
service reliability and subscriber insights. They count on our
unique blend of equipment, software and services to accelerate
digital transformations related to fiber, 4G/LTE and 5G
deployments. They count on our expertise with automation, real-time
troubleshooting and big data analytics, which are critical to their
business performance. We've spent over 30 years earning this trust,
and today 1,900 EXFO employees in over 25 countries work side by
side with our customers in the lab, field, data center and
beyond.
EXFO-C
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SOURCE EXFO Inc.
