June 26 (Reuters) - Optiva Inc OPT.TO :
* OPTIVA INC - 3 INDEPENDENT DIRECTORS ON BOARD HAVE OVER PAST SEVERAL WEEKS BEEN NEGOTIATING A PROPOSED FINANCING TRANSACTION
* OPTIVA INC - PROPOSED FINANCING TRANSACTION WOULD FUND REDEMPTION OF ALL CO'S OUTSTANDING PREFERRED SHARES
* OPTIVA - DURING NEGOTIATIONS, HOLDER OF PREFERRED SHARES OF CO, ESW CAPITAL, SOUGHT TO REMOVE 2 OF ITS NOMINEES & REPLACE THEM WITH OTHER NOMINEES
* OPTIVA INC - INDEPENDENT DIRECTORS REJECTED 2 SUCH NOMINEES BECAUSE OF NOMINEE'S RELATIONSHIP WITH ESW'S AFFILIATE, ZEPHYRTEL
* OPTIVA INC - GOT A LETTER FROM ESW REQUESTING CO IMMEDIATELY ENGAGE IN RENEGOTIATION OF ALL RELATED PARTY AGREEMENTS BETWEEN CO & ESW'S AFFILIATES
* OPTIVA - ESW'S LETTER CONTAINS PRELIMINARY,NON-BINDING INDICATION OF WILLINGNESS TO EXPLORE POSSIBLE ACQUISITION OF ALL SUBORDINATE VOTING SHARES OF CO