UNIT4 announces offering of up to 2,580,000 new ordinary shares

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Overig advies 26/04/2010 17:49
• Offering of up to 2,580,000 million new ordinary shares
• Accelerated bookbuild offering to institutional and other qualified investors in them Netherlands and certain other jurisdictions, on a non-preemptive basis
• Net proceeds to be used to finance future acquisitions
• ING acts as Sole Global Coordinator and together with Rabo Securities as Joint Bookrunners
Unit 4 Agresso N.V. (“UNIT4” or the “Company”) announces today the launch of the offering of up to 2,580,000 new ordinary shares with a nominal value of EUR 0.05 each (the “New Shares”).
The New Shares will be offered under applicable exemptions including to institutional and other qualified investors in the Netherlands and certain other jurisdictions through an accelerated bookbuild offering, on a non-preemptive base (the “Offering”).
The Offering represents less than 10% of the Company’s issued ordinary share capital.
The net proceeds of the Offering will be used to finance future acquisitions and will enable UNIT4 to act swiftly on acquisition opportunities. The Company continues to evaluate a number of acquisition opportunities in line with its previous public disclosures on principal focus areas. In this context,
UNIT4 is currently in discussions and advanced negotiations in relation to various potential acquisitions. There is no guarantee that any discussions in relation to potential acquisitions will result in any acquisition being announced or any acquisition actually taking place. The Company will make
further announcements in relation to any acquisition if and when appropriate.

Comment Chris Ouwinga, CEO of UNIT4:
“We believe that UNIT4 has successfully executed its strategy of growing market share both organically and through acquisitions. We have remained disciplined in our acquisition strategy through focus on attractive opportunities which enable us to expand in new and high growth markets,
extend our customer base or extend our product offering. The equity offering announced today would allow us to continue to execute on our strategy“
The Offering ING is acting as Sole Global Coordinator for the Offering. ING and Rabo Securities are together acting as Joint Bookrunners for the Offering. The issue price and final number of New Shares placed in the Offering will be determined by the outcome of an accelerated bookbuild process and will be
announced by way of a subsequent press release.
The books will open with immediate effect and the closing of the books is expected tomorrow at 17:30hrs CET, subject to acceleration. Application will be made for listing and admission to trading of the New Shares on Euronext Amsterdam by NYSE Euronext. It is currently expected that payment
and settlement will occur three trading days after allocation (which takes place immediately after the closing of the book) on 30 April 2010. The New Shares will rank pari passu in all respects with the outstanding ordinary shares.
No prospectus is published in connection with the Offering or the listing and admission to trading of the New Shares on Euronext Amsterdam by NYSE Euronext.
On the assumption that the Offering is completed, the Company has undertaken with the Joint Bookrunners not to issue any additional ordinary shares for a period of 90 days, subject to exceptions customary in offerings of this nature.
Assuming the maximum number of New Shares is issued in the Offering, UNIT4’s issued and outstanding share capital will increase to 29,092,490 ordinary shares.



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