Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - COREL CORP | dp16287_8k.htm |
| EX-10.1 - EXHIBIT 10.1 - COREL CORP | dp16287_ex1001.htm |
| EX-10.2 - EXHIBIT 10.2 - COREL CORP | dp16287_ex1002.htm |
| EX-10.3 - EXHIBIT 10.3 - COREL CORP | dp16287_ex1003.htm |
| EX-3.1 - EXHIBIT 3.1 - COREL CORP | dp16287_ex0301.htm |
Exhibit
99.1
OTTAWA, Canada, January 26, 2010 -- Corel Corporation
(NASDAQ:CREL; TSX:CRE, “Corel”) announced today that the shareholders of Corel
approved its previously announced stock consolidation. The consolidation
represented the second and final step in the acquisition of Corel by Corel
Holdings, L.P., a limited partnership controlled by an affiliate of Vector
Capital. Following approval of the Consolidation, Corel filed articles of
amendment to effect the consolidation with the result that Corel is now
wholly-owned by Corel Holdings, L.P. and its affiliates.
Shareholders other than Corel Holdings,
L.P. and its affiliates will receive cash consideration of U.S.$4.00 in respect
of each pre-consolidation share held by such holder.
Corel’s
common shares will be delisted from the NASDAQ stock market and the Toronto
Stock Exchange promptly following the consolidation, and thereafter Corel will
cease to be a reporting issuer under Canadian law and its reporting obligations
under U.S. securities laws will be suspended.
Further information about the
consolidation and how shareholders may receive the cash consideration for their
pre-consolidation shares is available in Corel’s proxy statement filed with the
Securities and Exchange Commission and the Canadian securities regulatory
authorities on December 29, 2009.
About Corel
Corel is one of the world’s top software
companies with more than 100 million active users in over 75 countries. We
develop software that helps people express their ideas and share their stories
in more exciting, creative and persuasive ways. Through the years, we’ve built a
reputation for delivering innovative, trusted products that are easy to learn
and use, helping people achieve new levels of productivity. The industry has
responded with hundreds of awards for software innovation, design and
value.
Our award-winning product portfolio
includes some of the world’s most widely recognized and popular software brands,
including CorelDRAW®Graphics Suite, Corel®Painter™, Corel DESIGNER®Technical Suite, Corel®Paint Shop Pro®Photo, Corel®VideoStudio®, Corel®WinDVD®, Corel®WordPerfect®Office, WinZip®,and the recently released
Corel®Digital Studio™2010. Our global
headquarters are in Ottawa, Canada, with major offices in the United States,
United Kingdom, Germany, China, Taiwan and Japan.
© 2010 Corel Corporation. All rights
reserved. Corel, Corel DESIGNER, CorelDRAW, Paint Shop Pro, Painter, WinDVD,
WordPerfect, WinDVD, WinZip and the Corel logo are trademarks or registered
trademarks of Corel Corporation and/or its subsidiaries. All other product names
and any registered and unregistered trademarks mentioned are used for
identification purposes only and remain the exclusive property of their
respective owners.
Contact:
Catherine Hughes, 613-728-0826
x1659
catherine.hughes@corel.com