Global IP Solutions (GIPS) Holdings AB (publ) announces that, following a request from Google Acquisition Holdings Inc., the board of directors of GIPS has today resolved to convene an extraordinary general meeting to be held on July 23, 2010. The general meeting shall inter alia make elections to the board of directors and consider approving the board of directors application to the Oslo Stock Exchange to de-list GIPS’ shares from trading. The notice to convene the general meeting is appended to this notice.
At today’s board meeting, the board of directors furthermore resolved to file an application for a de-listing of GIPS’ shares from Oslo Stock Exchange. The board of directors’ application is subject to shareholder approval at the extraordinary general meeting.
About Global IP Solutions
Global IP Solutions (gipscorp.com) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time-to-market and with less risk than alternative solutions. GIPS serves application developers, wired and wireless service providers and network and telecommunications equipment vendors. Its customer list includes ANET, Cisco, CommuniGate, fg microtec, Nimbuzz, Nortel, KT Networks, Oracle, PCCW, Samsung, WebEx, Yahoo!, AOL and other key players in the voice and video over IP markets. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong.