SITO Mobile Announces Delivery of Consents and Revocations to Independent Inspector of Elections
May 25 2017 - 4:35PM
SITO Mobile Ltd. (NASDAQ:SITO), a leading mobile engagement
platform, today announced that, in connection with the previously
announced consent solicitation by Stephen D. Baksa, Thomas M.
Candelaria and the other participants in their consent solicitation
seeking to, among other purposes, remove five current members of
the SITO Board of Directors, it has delivered all consents and
revocations that it has received to First Coast Results, Inc., the
independent tabulation and voting certification firm that was
appointed by SITO as its independent inspector of elections.
SITO also announced that, pursuant to Article I,
Section 13(c) of SITO’s Amended and Restated Bylaws, as adopted by
the SITO Board of Directors on March 23, 2017, no action by written
consent and without a meeting is effective until such time as the
independent inspectors of election engaged by SITO for the purpose
of performing promptly a review of the validity of the consents and
revocations have completed their review, determined that the
requisite number of valid and unrevoked consents delivered to SITO
in accordance with Article I, Section 13 of the SITO Bylaws and
applicable law have been obtained to authorize or take the actions
specified in the consents, and certified such determination for
entry in the records of SITO kept for the purpose of recording the
proceedings of meetings of stockholders.
SITO expects that the preliminary tabulation of
results will be completed by the Independent Inspector of Elections
by the middle of next week. To the extent that no potentially
outcome determinative issues are identified during the tabulation
process, SITO expects to make the final results publicly available
by the end of next week.
Further details regarding the results of the
consent solicitation will be contained in a Current Report on Form
8-K that SITO expects to file with the Securities and Exchange
Commission (SEC) by the end of next week. This filing will be
available at no charge at the SEC’s web site at www.sec.gov. Copies
will also be available at no charge at the Investor Relations
section of our corporate website at www.sitomobile.com.
About SITO Mobile Ltd.
SITO Mobile provides a mobile engagement platform that enables
brands to increase awareness, loyalty, and ultimately sales. For
more information, visit www.sitomobile.com.
Important Additional Information And Where To Find
It
SITO Mobile, Ltd. (“SITO”), its directors and
certain of its executive officers are deemed to be participants in
a solicitation of consent revocations from SITO’s stockholders in
connection with a pending consent solicitation by a stockholder
seeking consents (the “Consent Solicitation”). On May 2, 2017, SITO
filed a definitive consent revocation statement (the “Consent
Revocation Solicitation Statement”) and the accompanying
WHITE consent revocation card with the SEC in
connection with the Consent Solicitation. Information regarding the
identity of participants, and their direct or indirect interests,
by security holdings or otherwise, is set forth in the Consent
Revocation Solicitation Statement, including the schedules and
appendices thereto. INVESTORS AND STOCKHOLDERS ARE STRONGLY
ENCOURAGED TO READ ANY SUCH CONSENT REVOCATION SOLICITATION
STATEMENT AND THE
ACCOMPANYING WHITE CONSENT REVOCATION
CARD AND OTHER DOCUMENTS FILED BY SITO WITH THE SEC CAREFULLY AND
IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN
IMPORTANT INFORMATION. Stockholders can obtain the Consent
Revocation Solicitation Statement, any amendments or supplements to
the Consent Revocation Solicitation Statement, the
accompanying WHITE consent revocation
card, and other documents filed by SITO with the SEC for no charge
at the SEC’s website at www.sec.gov. Copies will also be available
at no charge at the Investor Relations section of SITO’s corporate
website at www.sitomobile.com, by writing to SITO’s Corporate
Secretary at SITO Mobile, Ltd., The Newport Corporate Center, 100
Town Square Place, Suite 204, Jersey City, NJ 07301, or by calling
SITO at (201) 275-0555.
Contacts:
Investor Relations:
Joseph Wilkinson
SVP Investor Relations
Joseph.Wilkinson@sitomobile.com
Media Relations:
Alexandra Levy
Silicon Alley Media
alex@siliconalley-media.com
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