Sandvine Announces Additional Item For Approval at AGM
Waterloo, ON; March 24, 2011 – Sandvine Corporation, (TSX:SVC; AIM:SAND) (the “Corporation”) today announced that, following consultation with Institutional Shareholder Services, Inc. (“ISS”), the Corporation intends to seek the approval of shareholders to a further amendment to the Corporation’s stock option plan amendment procedures, in addition to those amendments as already set out in its Notice of Annual General and Special Meeting of Shareholders and related Management Information Circular, both dated March 7th, 2011, in respect of the upcoming Annual General and Special Meeting of Shareholders scheduled for April 6th, 2011.
The further amendment being sought would require that any amendment which would permit options granted under the stock option plan to be transferable or assignable other than for normal estate settlement purposes be expressly subject to shareholder approval.
This further amendment to the amendment provisions of the Corporation’s stock option plan is consistent with the 2011 Canadian Proxy Voting Guidelines for TSX-Listed Companies as published by ISS (www.issgovernance.com).
Sandvine’s network policy control solutions focus on protecting and improving the quality of experience on the Internet. Our award-winning network policy control equipment and software helps DSL, FTTx, cable, fixed wireless and mobile operators better understand network traffic, manage network congestion, create new services and revenues, mitigate traffic that is malicious or undesirable to subscribers, deliver QoS-prioritized multimedia services and increase subscriber satisfaction. With service provider customers in more than 80 countries serving hundreds of millions of broadband and mobile data subscribers, Sandvine is enhancing the Internet experience worldwide. For more information, please visit www.sandvine.com
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