Optiva

Disposition of Shares of Optiva Inc.

Retrieved on: 
Thursday, March 11, 2021
Equity securities, Financial markets, Corporate finance, Financial economics, Finance, Stock market, Options, Warrant, Optiva, Share, Common stock

The Transaction closed on March 10, 2021, with the effective date of the transfer of Subordinate Voting Shares being March 5, 2021.

Key Points: 
  • The Transaction closed on March 10, 2021, with the effective date of the transfer of Subordinate Voting Shares being March 5, 2021.
  • Prior to closing of the Transaction, ESW owned 1,476,851 Subordinate Voting Shares and warrants (Warrants) to acquire 975,712 Subordinate Voting Shares, representing approximately 27.78% of the issued and outstanding Subordinate Voting Shares on a non-diluted basis and approximately 38.98% of the issued and outstanding Subordinate Voting Shares, assuming the exercise of all of the Warrants.
  • As a result of the closing of the Transaction, ESW holds nil Subordinate Voting Shares and 975,712 Warrants, representing approximately 15.5% of the issued and outstanding Subordinate Voting Shares assuming the exercise of all of the Warrants.
  • Optiva is located at 2233 Argentia Road, East Tower, Suite 302, Mississauga, Ontario, L5N 2X7.

Holdings Of Securities Of Optiva Inc.

Retrieved on: 
Tuesday, March 2, 2021
Equity securities, Financial markets, Finance, Corporate finance, Money, Stock market, Options, Warrant, Optiva, Share, Common stock

Closing is expected to occur on or around March 5, 2021.

Key Points: 
  • Closing is expected to occur on or around March 5, 2021.
  • Currently, ESW owns 1,476,851 Subordinate Voting Shares and warrants (Warrants) to acquire 975,712 Subordinate Voting Shares, representing approximately 27.78% of the issued and outstanding Subordinate Voting Shares on a non-diluted basis and approximately 38.98% of the issued and outstanding Subordinate Voting Shares, assuming the exercise of all of the Warrants.
  • Following the completion of the Transaction, ESW will hold no Subordinate Voting Shares and 975,712 Warrants, representing approximately 15.5% of the issued and outstanding Subordinate Voting Shares assuming the exercise of all of the Warrants.
  • Optiva is located at 2233 Argentia Road, East Tower, Suite 302, Mississauga, Ontario, L5N 2X7.

EMCORE Now Shipping its Optiva Next-Gen L-Band (50 MHz-6 GHz) Fiber Optic Links

Retrieved on: 
Wednesday, January 6, 2021
Glass production, Optical fiber, Telecommunications equipment, Optiva

These cost-effective transmitter and receiver modules for the Optiva Platform are ideal for satellite antenna signal transport and interfacility link applications.

Key Points: 
  • These cost-effective transmitter and receiver modules for the Optiva Platform are ideal for satellite antenna signal transport and interfacility link applications.
  • Optiva Next-Gen L-Band fiber optic transmitter (Tx) and receiver (Rx) pairs are a cost-efficient design using EMCOREs latest high-speed, uncooled DFB (Distributed Feedback) laser technology.
  • The Optiva Platform enables long-distance fiber optic links over 100 km with 1/10th the size and weight of coaxial cable.
  • For more information on EMCOREs Next-Gen L-Band fiber optic links and the complete line of Defense Optoelectronics products, email [email protected] or visit us at www.emcore.com/satcom.

Optiva Acknowledges Ontario Securities Commission's Dismissal of ESW Application

Retrieved on: 
Tuesday, September 15, 2020
Optiva, ESW

TORONTO, Sept. 15, 2020 /CNW/ -Optiva Inc. ("Optiva" or the "Company") (TSX: OPT) acknowledges the Ontario Securities Commission's (the "Commission") decision not to exercise its discretion to grant ESW Capital, LLC ("ESW") relief from the mandatory minimum tender requirement under applicable Canadian securities laws.

Key Points: 
  • TORONTO, Sept. 15, 2020 /CNW/ -Optiva Inc. ("Optiva" or the "Company") (TSX: OPT) acknowledges the Ontario Securities Commission's (the "Commission") decision not to exercise its discretion to grant ESW Capital, LLC ("ESW") relief from the mandatory minimum tender requirement under applicable Canadian securities laws.
  • As announced by the Company on July 27, 2020, ESW had disclosed its intention to make an unsolicited offer to acquire any and all subordinate voting shares of Optiva not owned by ESW or its affiliates.
  • ESW said that it would only make the offer if, among other things, ESW received exemptive relief from the Commission.
  • The Commission issued an order following close of markets on September 14, 2020, dismissing ESW's application, with written reasons to follow.

ESW Firmly Committed to Pursuing Offer to Acquire Shares in Optiva, Inc. at $60 Per Share, Delivers Application for Exemption to Ontario Securities Commission

Retrieved on: 
Friday, August 7, 2020
Optiva, Finance, Financial markets, Bid price, Security, Money, Economy

We want to make clear to all Optiva shareholders that ESW is firmly committed to pursuing the Offer.

Key Points: 
  • We want to make clear to all Optiva shareholders that ESW is firmly committed to pursuing the Offer.
  • Alternatively, if the Activists feel CAD $60 per Share undervalues Optiva, we invite them to make their own offer.
  • This press release is not a recommendation, an offer to purchase or a solicitation of an offer to sell securities of Optiva.
  • ESW has not commenced an offer to purchase or a take-over bid for Shares as described in this press release.

Correction to July 27, 2020 Press Release of ESW Capital, LLC

Retrieved on: 
Tuesday, July 28, 2020
Optiva, ESW

AUSTIN, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- It was brought to our attention that there was a mistake in our press release earlier this morning.

Key Points: 
  • AUSTIN, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- It was brought to our attention that there was a mistake in our press release earlier this morning.
  • In that press release, we wrote that our offer will be a 92% premium to the 52-week high of Optiva, Inc.s (TSX:OPT) subordinate voting shares.
  • ESW Capital, LLC is based in Austin, Texas and is focused on buying, strengthening, and growing mature business software companies.
  • By taking advantage of its unique operating platform, ESW revitalizes its acquisitions for sustainable success while making customer satisfaction a top priority.

Optiva Responds to ESW's Announcement of its Unsolicited and Non-Binding Intention to Pursue an Offer to Acquire Optiva's Subordinate Voting Shares and Adopts Shareholder Rights Plan

Retrieved on: 
Monday, July 27, 2020
Optiva, Canadian securities regulation, Government procurement in the United States, Shareholder rights plan, Economy of Canada

Optiva is not aware of such an exemption ever having been granted by any Canadian securities regulator.

Key Points: 
  • Optiva is not aware of such an exemption ever having been granted by any Canadian securities regulator.
  • As announced by the Company on June 26, 2020, Optiva previously received from ESW a preliminary, non-binding indication of a willingness to explore a possible acquisition of the Shares.
  • The Special Committee has made no decision regarding the Indicative Offer, and intends to carefully and thoroughly review the Indicative Offer.
  • The Company also announced today that, on the recommendation of the Special Committee, the Company has entered into a shareholder rights plan (the "Rights Plan") effective today.

All Cash Offer to Acquire Subordinated Voting Shares of Optiva Inc.

Retrieved on: 
Monday, July 27, 2020
Corporate finance, Optiva, Tender offer

AUSTIN, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- ESW Capital, LLC (ESW) announces that it intends to make a tender offer to acquire subordinate voting shares (the Shares) of Optiva Inc. (TSX:OPT) (Optiva or the Company) at a price of CAD$60.00 in cash per Share (the Offer).

Key Points: 
  • AUSTIN, Texas, July 27, 2020 (GLOBE NEWSWIRE) -- ESW Capital, LLC (ESW) announces that it intends to make a tender offer to acquire subordinate voting shares (the Shares) of Optiva Inc. (TSX:OPT) (Optiva or the Company) at a price of CAD$60.00 in cash per Share (the Offer).
  • ESW first made a proposal to Optivas board of directors to acquire the Shares on June 26, 2020.
  • This press release is not a recommendation, an offer to purchase or a solicitation of an offer to sell securities of Optiva.
  • There is no assurance that the conditions of the Offer will be satisfied or that the Offer will be successfully completed.

Optiva Announces Receipt of Notice of Application

Retrieved on: 
Tuesday, July 14, 2020
Digital technology, Cloud infrastructure, Computing, Software distribution, Optiva, Cloud computing, Software as a service

Optiva believes that the claims contained in the Notice of Application are without merit and that the premises of ESW's claims are baseless.

Key Points: 
  • Optiva believes that the claims contained in the Notice of Application are without merit and that the premises of ESW's claims are baseless.
  • The Company intends to defend the matter vigorously, and does not expect the Notice of Application to impact the completion of the Debt Financing or Redemption.
  • Optiva Inc. is the leader in providing communication service providers (CSPs) worldwide with cloud-native revenue management software on the public cloud.
  • Operators and MVNOs can integrate our best-of-breed charging engine into a BSS stack or deploy our fully managed, end-to-end, SaaS-based suite.