Miranda Technologies Inc.

Miranda Technologies Inc.

June 09, 2010 16:30 ET

Miranda Technologies Inc. Announces Automatic Securities Purchase Plan

MONTREAL, QUÉBEC--(Marketwire - June 9, 2010) - Miranda Technologies Inc. (TSX:MT) announced today the implementation of an automatic securities purchase plan ("Plan") in connection with its normal course issuer bid ("NCIB") announced on August 24, 2009. The Plan was established to provide standard instructions regarding how Miranda's common shares are to be purchased under the NCIB. Accordingly, Miranda may purchase its common shares under the Plan on any trading day during the NCIB, including during self-imposed trading blackout periods, which were implemented by Miranda as good corporate governance.

The Plan will commence today and terminate upon completion of the NCIB. The Plan constitutes an "automatic plan" for purposes of applicable Canadian securities legislation and has been approved by the Toronto Stock Exchange.

About Miranda

Miranda Technologies Inc. (TSX: MT) develops, manufactures and markets high-performance hardware and software for the television broadcast industry. Its solutions are purchased by content creators, broadcasters, specialty channels and television service providers to enable and enhance the transition to a complex multi-channel digital and HD broadcast environment. This equipment allows customers to generate additional revenue while reducing costs through more efficient distribution and management of content as well as the automation of previously manual processes. Miranda employs approximately 550 people at its Montreal headquarters and in its facilities located in Wallingford (UK), Grass Valley (California, USA), Paris (France), Tokyo (Japan), Zaltbommel (Netherlands), Dubai (United Arab Emirates), Beijing (China) and Hong Kong. Miranda is listed on the Toronto Stock Exchange. For more information, please visit www.miranda.com.

Source: Miranda Technologies Inc. 

Contact Information

  • Investors and Media
    Miranda Technologies Inc.
    Mario Settino
    Chief Financial Officer