Corel Corporation Announces Adjournment of Its Special Meeting of Shareholders.Business Editors & High Tech Writers OTTAWA--(BUSINESS WIRE)--Sept. 25, 2002 Corel Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CORL CORL Corel Corporation (stock symbol) CORL Coalition of Reef Lovers CORL capital outlay revenue limit CORL change-orientated reflective listening (psychotherapy) CORL Central Ontario Ringette League )(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : COR.TO) today announced at its Special Meeting of Shareholders an adjournment of the meeting to Wednesday, October 2, 2002, at 11 a.m. EST EST electroshock therapy. EST abbr. electroshock therapy at the company's offices at 1600 Carling Avenue, Ottawa, Ontario, Canada. The meeting was adjourned for the purpose of obtaining a quorum. The following proposals will be considered at the adjourned meeting, as set out more fully in the Notice of Meeting and Management Proxy Circular mailed to shareholders on August 28, 2002: A proposal to approve a reduction of the stated capital account of Corel's Common Shares and Series A Participating Convertible Preferred Shares, the approval of which has no impact on the financial statements of the company. The request is being made to enable the company to meet requirements of the Canada Business Corporations Act The Canada Business Corporations Act, also known as Bill C-44, is a Canadian act respecting Canadian business corporations. See also
CBCA Canadian Business Corporations Act CBCA Calgary Birth Control Association CBCA Charlotte Builders and Contractors Association CBCA Chilled Beam and Ceiling Association ) in order to permit taking certain actions, including purchasing its own shares and paying dividends. A proposal to approve changes to rights, privileges, conditions and restrictions for the 24 million Series A Participating Convertible Preferred Shares to facilitate the resale of the underlying Common Shares. To achieve a quorum, 33.3 per cent of the record shares were required. Of the 91,795,249 outstanding shares of Common Stock as of the record date August 26, 2002, 17 per cent or 15,708,545 shares were represented at the meeting. The bylaws of the Corporation provide that, if a quorum is not present, the meeting may be adjourned and subject to regulatory requirements, the persons present in person or by proxy at the adjourned meeting, will constitute a quorum. About Corel Corporation Founded in 1985, Corel Corporation (www.corel.com) is a leading technology company that offers software for home and small business users, creative professionals and enterprise customers. With its headquarters in Ottawa, Canada, Corel's common stock trades on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol CORL and on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol COR.http://www.corel.com/ (C) 2002 Corel Corporation. All rights reserved. Corel and the Corel logo are trademarks or registered trademarks of Corel Corporation and/or its subsidiaries in Canada, the US and/or other countries. All other product, font and company names and logos are trademarks or registered trademarks of their respective companies. |
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