Director Dealings
March 20 2008 - 3:00AM
UK Regulatory
RNS Number:5203Q
Redknee Solutions Inc.
20 March 2008
For Immediate Release 20 March 2008
Redknee Solutions Inc.
Dealings Announcements and Directorate Change
TORONTO - Mar. 20, 2008 - Redknee Solutions Inc. ("Redknee") (AIM: RKN), a
leading provider of innovative infrastructure software that monetizes and
personalizes services and content for mobile operators, today announced the
following Dealings Announcements and Directorate Change.
The Company was informed on 19 March 2008 that Kent Thexton, Non-Executive
Chairman of Redknee, purchased 747,520 common shares in the capital of the
Company ("Common Shares") and that Steve Davies Non-Executive Director,
purchased 158,730 Common Shares on that date, both at a price of 31.5p per
common share. The 906,250 Common Shares acquired by Kent Thexton and Steve
Davies were purchased from Duncan Ratcliffe, Non-Executive Director of Redknee.
Following the share purchases, Kent Thexton holds 867,285 Common Shares
representing approximately 1.46% of the issued share capital of Redknee, Steve
Davies holds 183,730 Common Shares representing 0.31% of the issued share
capital of Redknee and Duncan Ratcliffe holds 7,668,371 common shares
representing approximately 12.95% of the issued share capital of Redknee.
In addition to the share trade disclosed above, Duncan Ratcliffe has also
informed the Company that he does not intend to stand for re-election at the
Company's next Annual general meeting which will be held in May 2008 in Toronto.
Mr. Ratcliffe joined Redknee in March 1999 as a member of the Board and became
chief executive officer in March 2000 and held this position until August 2004.
Mr. Ratcliffe has remained on the Board providing his insight and guidance to
the Company for which the executive team and the rest of the Board are very
grateful.
The issued share capital of the Company as at the date of this announcement is
59,235,646 Common Shares.
For additional information please contact:
North American Media Relations Contacts: Financial Public Relations:
Heidi Rosenberg Jeremy Garcia
NPI PR Buchanan Communications
+1 831-440-2405 +44 (0) 20 7 466 5000
heidi@npipr.com jeremyg@buchanan.uk.com
Redknee Solutions: Redknee Solutions:
Mark Yaphe Colley Clarke, Chief Financial
Officer
VP Product Management and Marketing +1 905 625 2604
+1 905 625 2298 colley.clarke@redknee.com
mark.yaphe@redknee.com
Nomad:
Canaccord Adams Limited
Ryan Gaffney/Andrew Chubb
+44(0) 207 050 6500
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 lifetime 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 60 network operators in over 50 countries.
Established in 1999, Redknee Solutions Inc. (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, please visit www.redknee.com.
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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