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By The Online Investor Staff, updated Thu., Oct. 27, 12:54 AM

Slide #3. Vecima Networks Inc.

Company: Vecima Networks Inc. (TSE:VCM.CA)
Share Amount Authorized: 600,000
Buyback Details: Vecima Networks Inc. ("Vecima" or the "Corporation") (TSX: VCM), an experienced designer and manufacturer of innovative technology in the broadband equipment market, announced today that it has filed a notice of intention with the Toronto Stock Exchange (the "TSX") to acquire for cancellation, by way of normal course issuer bid (the "Bid"), up to 600,000 Common Shares of the Corporation (the "Shares"), which, at the date hereof, represents approximately 2.7% of the issued and outstanding Shares and approximately 9.7% of the total public float of the Corporation. This Bid was approved by the TSX. The Board of Directors of Vecima believe the underlying value of the Corporation's common shares may not be reflected in the current or future market price of its common shares and has therefore decided to undertake the Bid.

Vecima Networks designs, manufactures and sells products that enable broadband access to cable, wireless and telephony networks. Co.'s hardware products incorporate embedded software developed by the Co. to meet the requirements of next-generation, high-speed digital networks. Through its subsidiary, Co. supplies software defined platforms for defence and satellite communication applications. Through the Co.'s variable interest entity, Yourlink Inc., Co. operates several small cable and broadband wireless service providers and owns certain licences to commercial spectrum.
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Company Name:  Vecima Networks Inc
Sector:  Manufacturing

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October 27, 2016    12:54 AM Eastern
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