MISSISSAUGA, ON, March 18 /CNW/ - Certicom Corp. (TSX:CIC.TO) ("Certicom" or the "Company") announced that, at its special meeting of shareholders held today (the "Meeting"), shareholders approved the previously announced plan of
arrangement under which Research In Motion Limited will acquire all of the Company's common shares for $3.00 per share in cash (the "Arrangement"). The Arrangement was approved by approximately 95% of the votes cast at the Meeting at which 23,548,883 Certicom common shares (approximately 54% of the outstanding common shares) were represented, in person or by proxy. Certicom expects that the remaining conditions to the closing of the Arrangement, including final Court approval of the Arrangement, will be
satisfied by March 23, 2009 and that closing of the Arrangement will occur on that date.
About Certicom
Certicom manages and protects the value of content, applications and devices with government approved security. Adopted by the National Security Agency (NSA) for government communications, Elliptic Curve Cryptography (ECC) provides the most security per bit of any known public-key scheme. As the global leader in ECC, Certicom's security offerings are currently licensed to hundreds of multinational technology companies, including IBM, General Dynamics, Motorola, Oracle and Research In Motion. Founded in 1985, Certicom's corporate offices are in Mississauga, Ontario, Canada with worldwide sales and marketing headquarters in Reston, Virginia and offices in Europe and Asia.
Visit www.certicom.com.
Certicom Safe Harbor Statement
This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws
("forward-looking statements"). Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Certicom, or developments in Certicom's business or in its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statement include all disclosure regarding possible events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action. Forward-looking statements may also include, without limitation, any statement relating to future events, conditions or circumstances. Certicom cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Forward-looking statements relate to, among other things, Certicom's ability to close the Arrangement in the time period anticipated, if at all, which is dependent upon the parties' ability to comply with the closing conditions to the Arrangement, some of which are beyond the control of Certicom. The forward-looking information is subject to risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: the interest of third parties in Certicom and its business; general economic conditions; the state of the capital markets; foreign currency and exchange risk; performance of the market sectors that Certicom and parties with potential interest in acquiring or entering into a strategic transaction with Certicom serve; and other risks detailed from time to time in Certicom's filings with Canadian provincial securities regulators. Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions, and Certicom does not undertake any obligation to update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions change.
For further information: Media contact: John Lute, (416) 929-5883;
Investor contact: Hervé Séguin, CFO, (905) 501-3827