Toronto, ON (January 13, 2016) — NexJ Systems Inc. (TSX: NXJ), a provider of enterprise customer management solutions to the financial services industry and a cloud-based population health management platform to the healthcare industry, today announced its proposed Plan of Arrangement to spin-off the Healthcare business unit was approved at the special meeting of shareholders.
The Plan of Arrangement was approved by 99.06% of the NexJ Shareholders present in person or represented by proxy at the Meeting, and by 98.06% of the minority NexJ Shareholders in accordance with the requirements of Multilateral Instrument 61-101.
Completion of the Plan of Arrangement remains subject to the satisfaction of certain customary conditions, including the approval of the Ontario Superior Court of Justice. The court hearing for the final order is scheduled for 10 a.m. on Friday, January 15, 2016.
At the meeting, the shareholders also approved the amendments to the NexJ option plan and amendments to certain NexJ options and also approved the new option plan for NexJ Health Holdings Inc. The votes of certain insiders were excluded for purposes of these approvals.
Additional information regarding the terms of the Arrangement are set in the Circular, which is available under the NexJ profile on SEDAR at www.sedar.com.
About NexJ Systems Inc.
Our Financial Services solutions include industry-specific customer relationship management (CRM) for multi-channel engagement and collaboration; customer process management (CPM) for client onboarding and KYC; and customer data management (CDM) to deliver a holistic view of customers across line of business and regional data silos. Our solutions integrate information from multiple systems into a unified view to help firms better understand and share information about their customers to increase loyalty, drive cross-sell and improve the customer experience.
In Healthcare, our cloud-based platform for population health management delivers patient engagement for chronic disease management. It is based on research and proven at trial. By engaging and empowering patients to better manage their health and wellness, patients are more likely to achieve their health goals, payers can lower costs, providers can achieve better patient outcomes, and pharmaceutical manufacturers and pharmacies can improve medication adherence and build loyalty.
Based in Toronto, NexJ has clients throughout North America, Asia Pacific and in Europe. For more information about NexJ visit www.nexj.com, e-mail email@example.com, or call 416-222-5611. Join us on LinkedIn, follow us on Twitter, subscribe to our YouTube channel, like us on Facebook or hang out with us on Google+.
NexJ Forward-looking Statement
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on NexJ’s current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. NexJ’s assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see NexJ’s securities filings with the OSC and other securities regulators. NexJ securities filings are available on www.sedar.com. Unless otherwise required by applicable securities laws, NexJ disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.