SoftwareONE Holding AG, a leading global provider of end-to-end software and cloud technology solutions, announces the launch of an accelerated bookbuilding process of up to 4 million shares in Crayon Group Holding ASA (“Crayon”).
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THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING THE UNITED STATES, CANADA, SOUTH AFRICA, AUSTRALIA OR JAPAN. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.
SoftwareONE has today launched an offering of up to 4 million shares in Crayon, corresponding to 4.5% of Crayon’s share capital, by way of an accelerated bookbuilding process to professional investors (the “Offering”).
SoftwareONE acquired the holding in Crayon from 2018 onwards. The holding has recently been under strategic review and a decision has now been taken to reduce the stake.
The bookbuilding process will start immediately and the offer price as well as the number of shares sold will be announced upon completion of the Offering, which is expected prior to market opening on 5 April 2022. Following the settlement of the Offering, SoftwareONE expects to hold approximately 7 million shares or 8% of Crayon’s share capital.
SoftwareONE has agreed to a 90 days lock-up undertaking from today with respect to its remaining holding in Crayon, subject to customary exceptions.
SoftwareONE is a leading global provider of end-to-end software and cloud technology solutions, headquartered in Switzerland. With an IP and technology-driven services portfolio, it enables companies to holistically develop and implement their commercial, technology and digital transformation strategies. This is achieved by modernizing applications and migrating critical workloads on public clouds, while simultaneously managing and optimizing the related software and cloud assets and licensing. SoftwareONE’s offerings are connected by PyraCloud, its proprietary digital platform, which provides customers with data-driven, actionable intelligence. With around 8,700 employees and sales and service delivery capabilities in 90 countries, SoftwareONE provides around 65,000 business customers with software and cloud solutions from over 7,500 publishers. SoftwareONE’s shares (SWON) are listed on SIX Swiss Exchange. For more information, please visit www.softwareone.com/en SoftwareONE Holding AG, Riedenmatt 4, CH-6370 Stans
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This media release may contain certain forward-looking statements relating to the group’s future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to force majeure, competitive pressures, legislative and regulatory developments, global, macroeconomic and political trends, the group’s ability to attract and retain the employees that are necessary to generate revenues and to manage its businesses, fluctuations in currency exchange rates and general financial market conditions, changes in accounting standards or policies, delay or inability in obtaining approvals from authorities, technical developments, litigation or adverse publicity and news coverage, each of which could cause actual development and results to differ materially from the statements made in this media release. SoftwareOne assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.
- Anna Engvall
Head of Investor RelationsNeue Winterthurerstrasse 82
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