Softchoice shareholders approve the Birch Hill plan

Softchoice Corp. announced its shareholders approved the special resolution authorizing the plan of arrangement with Goliath Acquisition Inc. Goliath will acquire the outstanding common shares of Softchoice for $20 cash per common share (other than the common shares held by certain senior officers of Softchoice).  The Special Resolution was approved by 78.07 per cent of the shares voted in person or represented by proxy at the meeting.

The application to the Ontario Superior Court of Justice to obtain the final order approving the arrangement is scheduled for June 11, 2013. If court approval is obtained and the other conditions to the completion of the arrangement are satisfied or waived, Softchoice expects that the arrangement will be completed on or about June 18, 2013.

Beneficial shareholders are not required to take any action in respect of the completion of the arrangement. The cash to be paid to beneficial shareholders following completion of the arrangement is expected to be credited to the beneficial shareholder’s broker, trustee, financial institution, dealer, bank, trust company, custodian, nominee or other intermediary account through the procedures in place for such purposes between CDS and such intermediaries. Beneficial shareholders should contact their intermediary if they have any questions regarding this process.

Softchoice does not anticipate any changes to its business practices, processes or personnel – either during or subsequent to the completion of the regulatory approval process.

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