Sierra Wireless, Inc. is pleased to announce that its Securityholders have approved the acquisition of all of the outstanding shares of the Company by 13548597 Canada Inc., a wholly-owned subsidiary of Semtech Corporation by way of a statutory plan of arrangement at the special meeting of Securityholders held today (the “Meeting”).
The special resolution approving the Arrangement was approved by: (i) 98.60% of the votes cast by the shareholders of the Company (the “Shareholders”) present in person, virtually or represented by proxy at the Meeting, and (ii) 98.69% of the votes cast by Shareholders, holders of options to purchase Shares of the Company, holders of restricted share units and phantom restricted share units of the Company and holders of performance share units of the Company, voting together as a single class, present in person, virtually or represented by proxy at the Meeting
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