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Vecima Shareholders OK Cash Share

March 12, 2013 |
VICTORIA, B.C. -- Vecima Networks Inc. (TSX:VCM) ("Vecima" or "the Company"), a leading designer and manufacturer in the broadband cable and wireless network infrastructure market, announces that shareholders today authorized the Company to reduce the stated capital of its common shares by $1.00 per share. Therefore, the Board of Directors today authorized a special cash distribution, by way of a return of capital, of $1.00 per share on the Company's outstanding common shares. The special distribution is payable on March 27, 2013 to shareholders of record at the close of business on March 21, 2013.

The aggregate amount of the special distribution is expected to be approximately $22.3 million. Vecima's pro forma working capital, after the distribution of $22.3 million, is projected to be approximately $59.0 million. Vecima believes that its available financial resources following payment of the special distribution will be sufficient to fund Vecima's current capital requirements.

Vecima Networks Inc.



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