WATERLOO, Ontario, May 15, 2017 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (TSX:DSG) (Nasdaq:DSGX), today announced that it has amended certain terms of its proposed amended and restated shareholder rights plan agreement (the "Rights Plan") to be presented for approval at the annual and special meeting of shareholders of the corporation scheduled to be held on June 1st, 2017 (the "Meeting"). The amendments to the Rights Plan are to the definition of the term "Acting Jointly and In Concert" so as to ensure that this definition in the Rights Plan will be consistent with the "new generation plan" guidelines of proxy voting advisory firms.
The Rights Plan has been filed on SEDAR at www.sedar.com with a filing date of May 15, 2017 in the category of "Other Security Documents" and replaces the version of the proposed amended and restated shareholder rights plan agreement which was previously filed on SEDAR and which was referenced in the corporation's management information circular dated May 2, 2017 (the "Management Information Circular").
The Rights Plan can also be found at the following link:
http://www.sedar.com/GetFile.do?lang=EN&docClass=35&issuerNo=00003766&issuerType=03&projectNo=02617261&docId=4116982
This updated version of the Rights Plan will be presented to shareholders for approval at the Meeting as the form of proposed amended and restated rights plan agreement referenced in item 4 of the Management Information Circular.
About Descartes Systems Group
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more atwww.descartes.com, and connect with us on LinkedIn and Twitter.