LEVIS, QC, Oct. 25, 2016 /CNW Telbec/ - DEQ Systems
Corp. (TSXV: DEQ) ("DEQ") is pleased to announce that both
Institutional Shareholder Services ("ISS") and Glass Lewis
& Co. ("Glass Lewis"), two leading independent proxy
advisory firms whose analyses and recommendations are relied upon
by major institutional investment firms, mutual funds and
fiduciaries, have recommended that shareholders of DEQ vote to
support the proposed plan of arrangement (the "Arrangement")
between DEQ and Scientific Games Corporation, through a
wholly-owned subsidiary, at DEQ's special meeting of shareholders
scheduled for November 3, 2016.
Endorsing the Arrangement, ISS noted that "A vote FOR is
warranted based on a review of the terms of the transaction, in
particular, the significant cash premium which provides certainty
of value, and the adequate transaction process undertaken for the
proposed deal. As the Arrangement is deemed favourable, the
reduction of the company's stated capital, which is a requirement
for the Arrangement, also warrants support".
All DEQ shareholders are encouraged to read the management proxy
circular (the "Circular") with respect to the Arrangement,
which was mailed to shareholders of record as of September 28, 2016. It is also available on DEQ's
profile on SEDAR at www.sedar.com and on DEQ's website
(www.deq.com).
The Board of Directors of DEQ has unanimously recommended
that shareholders vote in favour of the resolutions outlined in the
Circular.
DEQ shareholders are encouraged to vote by proxy, which must be
received by DEQ's transfer agent, CST Trust Company, not later than
10:00 a.m. (EST) on November 1, 2016 or 48 hours (excluding
Saturdays, Sundays and statutory holidays) prior to the
commencement of the reconvened Meeting if the Meeting is adjourned
or postponed.
If you have any questions or require assistance in voting,
please contact the proxy solicitation agent, D.F. King, at 1-800-398-2142 toll free in
North America, or call collect
outside North America at
1-201-806-7301 or by email at inquiries@dfking.com.
About DEQ Systems
DEQ Systems Corp. (TSXV: DEQ) is one of the market leaders in
Table Games, Progressive Systems, Proprietary Table Games content
and Utility solutions. DEQ's systems and games are installed in
over 300 casinos, in 30 countries around the world. The combination
of our services, industry leading products and revenue generation
capabilities make DEQ a leader for innovation in the table game
bonusing segment of the global gaming market. For more information,
please visit www.deq.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE DEQ SYSTEMS CORP.