|By PR Newswire||
|December 17, 2012 07:41 PM EST||
TORONTO, Dec. 17, 2012 /CNW/ - Plantro Ltd. ("Plantro") and its sole shareholder, Matthew Proud ("Proud") together with Seastone Investments Limited ("Seastone"), the investment company of Proud's brother, Tyler Proud, are pleased to announce their take-over bid (the "Offer") for all of the issued and outstanding common shares of OneMove Technologies Inc. (TSX-V: OM) ("OneMove" or the "Company") at a price of Cdn.$0.425 per share. According to publicly available information, OneMove has 12,503,518 issued and outstanding common shares. The Offer will represent a premium of approximately 32% to the volume weighted average trading price of the common shares on the TSX-V for the 50 day period ended December 14, 2012.
Seastone, Plantro and Proud (together, the "Offeror") will file a joint amended early warning report indicating that, inter alia, they may be considered to be 'acting jointly and in concert' in respect of OneMove's securities, as such phrase is defined in section 91 of the Securities Act (Ontario). Collectively the Offeror owns or has control or direction over an aggregate of 2,985,500 common shares representing approximately 23.9% of the Company's issued and outstanding shares and warrants to acquire up to an additional 2,800,000 common shares representing approximately an additional 18.3% of the Company's common shares.
Assuming the exercise of the warrants held by the Offeror, the Offeror would own or have control or direction over an aggregate of 5,785,500 common shares representing approximately 37.8% of the Company's common shares.
There is currently no agreement, commitment or understanding between the Offeror and 2352512 Ontario Inc., a corporation owned by Proud's father, regarding their respective ownership of securities of the Company or the Offer. 2352512 Ontario Inc. currently owns 800,000 common shares representing approximately 6.4% of the Company's common shares and warrants to acquire up to an additional 800,000 common shares representing approximately an additional 6.0% of the Company's common shares, which taken together with securities held by the Offeror, represent approximately 45.9% of the Company's outstanding common shares (assuming exercise of warrants).
In addition, holders of an aggregate of approximately 2,000,000 (or 16%) of the Company's common shares not already owned by the Offeror have indicated their support for the Offer by entering into lock-up agreements.
By way of letter dated December 14, 2012, Plantro invited the Company to negotiate a support agreement in respect of the Offer which the Company declined.
The Offer will be made through a wholly owned subsidiary of Plantro and will be conditional on, among other things, the deposit of that number of common shares which, when taken together with the shares already owned by the Offeror, constitutes at least 66 2/3% of the shares. The Offeror has sufficient cash resources on hand that will be relied upon to take up and pay for common shares deposited and not withdrawn under the Offer.
The purpose of the Offer is to acquire all of the common shares not already owned by the Offeror. As the Offer is an "insider bid" as defined under Multilateral Instrument 61-101 ("61-101"), the Offeror has asked the Company to prepare a valuation pursuant to 61-101. The Offeror intends to commence the Offer as soon as practicable following receipt of the valuation from the Company, at which time the Offer documents will be filed with applicable securities regulatory authorities and copies will be delivered to OneMove. The Offeror intends to request a list of securityholders from the Company and, when received, will send the Offer documents to OneMove's securityholders. Copies of the Offer documents will also be available on SEDAR at www.sedar.com.
SOURCE Plantro Ltd.
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Jul. 30, 2016 10:45 AM EDT Reads: 1,053
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA. This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Jul. 30, 2016 10:15 AM EDT Reads: 1,020
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
Jul. 30, 2016 10:15 AM EDT Reads: 1,500
ReadyTalk has expanded the capabilities of the FoxDen collaboration platform announced late last year to include FoxDen Connect, an in-room video collaboration experience that launches with a single touch. With FoxDen Connect, users can now not only engage in HD video conferencing between iOS and Android mobile devices or Chrome browsers, but also set up in-person meeting rooms for video interactions. A host’s mobile device automatically recognizes the presence of a meeting room via beacon tech...
Jul. 30, 2016 10:00 AM EDT Reads: 502
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
Jul. 30, 2016 10:00 AM EDT Reads: 2,176
Deploying applications in hybrid cloud environments is hard work. Your team spends most of the time maintaining your infrastructure, configuring dev/test and production environments, and deploying applications across environments – which can be both time consuming and error prone. But what if you could automate provisioning and deployment to deliver error free environments faster? What could you do with your free time?
Jul. 30, 2016 09:45 AM EDT Reads: 494
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Jul. 30, 2016 09:30 AM EDT Reads: 816
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Jul. 30, 2016 09:30 AM EDT Reads: 800
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Jul. 30, 2016 09:15 AM EDT Reads: 1,646
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Jul. 30, 2016 09:00 AM EDT Reads: 606
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Jul. 30, 2016 09:00 AM EDT Reads: 578
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Jul. 30, 2016 08:30 AM EDT Reads: 1,026
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Jul. 30, 2016 08:00 AM EDT Reads: 751
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
Jul. 30, 2016 07:45 AM EDT Reads: 2,398
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Jul. 30, 2016 07:45 AM EDT Reads: 859