Chief Financial Officer
UTi WORLDWIDE SETS RECORD DATE AND SPECIAL MEETING DATES
AND WILL DISCLOSE FISCAL 2016 THIRD QUARTER FINANCIAL RESULTS VIA FORM 10-Q
Long Beach, Calif., November 23, 2015
– UTi Worldwide Inc. (NASDAQ: UTIW) today announced that its board of directors has established a record date and meeting date for the special shareholders meeting and special class meeting to approve and adopt the previously announced proposed acquisition of UTi by DSV A/S. UTi shareholders of record at the close of business on December 3, 2015 will be entitled to notice of the special meeting of all shareholders (including UTi’s convertible preference shareholders voting on an as-converted basis) to be held on January 14, 2016, and also entitled to notice of the special class meeting of ordinary shareholders (excluding UTi’s largest shareholder and the convertible preference shareholders voting on an as-converted basis) scheduled to be held immediately after the special shareholders meeting.
UTi will make available to all shareholders of record important information about the special shareholders meeting and special class meeting and the matters to be considered. Shareholders are urged to review that information when it becomes available.
UTi also announced that it will disclose its fiscal third quarter financial results for the period ended October 31, 2015 solely in its Quarterly Report on Form 10-Q. The document will be accessible in the Investor Relations section of UTi’s website at www.go2uti.com and at the SEC’s website at www.sec.gov. UTi does not intend to conduct an investor conference call.
About UTi Worldwide
UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services. The Company serves a large and diverse base of global and local companies, including clients operating in industries with unique supply chain requirements such as the pharmaceutical, retail, apparel, chemical, automotive and technology industries. The Company seeks to use its global network, proprietary information technology systems, relationships with transportation providers, and expertise in outsourced logistics services to deliver competitive advantage to each of its clients’ supply chains.