Aastra Technologies Limited

Aastra Technologies Limited

March 30, 2010 17:01 ET

Aastra Adopts Amended and Restated Shareholder Rights Plan

TORONTO, ONTARIO--(Marketwire - March 30, 2010) - Aastra Technologies Limited - (TSX:AAH) ("Aastra" or the "Corporation") announces that its Board of Directors has adopted an amended and restated Rights Plan, which replaces its existing Rights Plan which was originally adopted on April 17, 2007 by its Board of Directors and subsequently confirmed by its shareholders on May 24, 2007.

Aastra is not aware of any pending or threatened takeover bid but rather has made certain amendments to its Rights Plan in order to reflect requirements for "new generation" rights plans. The amended and restated Right Plan contains amendments to the following definitions: "Acquiring Person"; "Associate"; "Beneficial Ownership", "Beneficially Own", and "Beneficial Owner"; and "Permitted Lock-Up", as well as certain amendments to fix certain typographical errors.

The amended and restated Rights Plan is effective immediately but subject to approval by Aastra's shareholders at Aastra's annual and special meeting of shareholders to be held on May 13, 2010 (the "2009 Annual Meeting"). The amended and restated Rights Plan will terminate in accordance with its terms unless it is approved by Aastra's shareholders at the 2009 Annual Meeting.

The Rights Plan was originally adopted in order to ensure fair treatment of Aastra's shareholders in any transaction involving a take-over bid, and with its primary objective to provide its Board of Directors sufficient time to explore and develop alternatives for maximizing shareholder value if a take-over bid is made for Aastra and to provide every shareholder an equal opportunity to participate in such a bid.

The amended and restated Rights Plan has been filed on the website maintained by the Canadian Securities Administrators at www.sedar.com.

A more detailed summary of the amended and restated Rights Plan will be contained in Aastra's Management Information Circular for the 2009 Annual Meeting, which will be filed and distributed to shareholders within the time limits prescribed by Canadian securities legislation.

About Aastra

Aastra Technologies Limited is a global company at the forefront of the Enterprise Communication market. Headquartered in Concord, Ontario, Canada, Aastra develops and delivers innovative and integrated solutions that address the communication needs of businesses small and large around the world. Aastra enables Enterprises to communicate and collaborate more efficiently and effectively by offering customers a full range of open standard IP-based and traditional communications networking products, including terminals, systems, and applications. For additional information on Aastra, visit our website at http://www.aastra.com. "Aastra" is a registered trademark of Aastra Technologies Limited.

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