Vecima Shares Some Cash
VICTORIA, British Columbia -- Vecima Networks Inc. ("Vecima" or "the Company") (TSX:VCM), a leading designer and manufacturer in the broadband cable and wireless network infrastructure market, announced today that it has completed its previously announced review of strategic alternatives to maximize shareholder value. This review concluded with the Board of Directors today authorizing the Company to seek shareholder approval to permit a special cash distribution to common shareholders, in the form of a return of capital, of $1.00 per share. Vecima began its review of strategic alternatives in August 2012. Vecima evaluated a range of alternatives. The Board of Directors have determined that, at this time, it would be in the best interest of Vecima to make the proposed special cash distribution to common shareholders, in the form of a return of capital, and to continue focusing on its core business of designing and manufacturing broadband access products. Vecima Networks Inc.