Hummingbird Ltd. Confirms Mailing of Management Information Circular and Receipt of Interim Order
June 29 2006 - 5:30PM
PR Newswire (US)
TORONTO, June 29 /PRNewswire-FirstCall/ -- Hummingbird Ltd.
(NASDAQ:HUMCNASDAQ: TSX:NASDAQ:HUM), a leading global provider of
integrated enterprise content management (ECM) and network
connectivity solutions, announced today that it has mailed to its
shareholders a Management Information Circular in connection with
the proposed statutory plan of arrangement under which all of
Hummingbird's common shares will be acquired by an affiliate of
Symphony Technology Group, LLC. The arrangement will be considered
by shareholders at a special meeting scheduled for July 21, 2006.
Hummingbird also confirmed that on June 23, 2006, it obtained an
interim order from the Ontario Superior Court of Justice
(Commercial List) concerning the arrangement. The Management
Information Circular is available at http://www.sedar.com/ and
http://www.sec.gov/. About Hummingbird Hummingbird Ltd.
(NASDAQ:HUMCNASDAQ:TSX:NASDAQ:HUM) is a leading global provider of
enterprise software solutions. The Company's enterprise software
solutions fall into two principal categories: enterprise content
management (ECM) solutions, and network connectivity solutions.
Hummingbird's ECM solutions enable organizations to manage the
lifecycle of enterprise content from creation to disposition,
thereby enabling organizations to address critical business needs,
such as information management, business continuity, compliance and
risk mitigation. The network connectivity solutions provide a
comprehensive set of core network technologies that enables the
enterprise to connect to any type of legacy system. Founded in
1984, Hummingbird employs over 1,400 people and serves more than
33,000 customers, including 90% of Fortune 100. Hummingbird
solutions are sold directly from 40 offices worldwide and through
an Alliance Network of partners and resellers. For more
information, visit http://www.hummingbird.com/ Forward-looking
statements in this press release, including statements relating to
the special meeting date are made pursuant to the safe harbor
provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements are based on
assumptions made by and information currently available to
Hummingbird. Investors are cautioned that these forward-looking
statements are subject to risks and uncertainties that may cause
future results to differ materially from those expected. Such risks
include, but are not limited to Hummingbird's ability to close the
transaction in the time period anticipated, if at all, which is
dependent upon Hummingbird's ability to receive the requisite
regulatory approvals and to comply with the closing conditions to
the transactions, some of which are beyond Hummingbird's control.
Forward-looking statements are based on management's current plans,
estimates, opinions and projections, and Hummingbird assumes no
obligation to update forward-looking statements if assumptions
related to these plans, estimates, opinions and projections should
change. The Board of Directors of Hummingbird reviewed and approved
this press release prior to it being issued. DATASOURCE:
Hummingbird Ltd. CONTACT: Inder Duggal, Chief Financial Officer,
Hummingbird Ltd., Tel: (416) 496-2200 ext.2205, ; Dan Coombes,
Director, Investor Relations, Hummingbird Ltd., Tel: (416) 496-2200
ext. 6359, ; Michele Stevenson, Senior Manager, Corporate
Communications, Hummingbird Ltd., Tel: (416) 496-2200 ext. 2623, ;
To request a free copy of this organization's annual report, please
go to http://www.newswire.ca/ and click on Tools for Investors.
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