TIE Holding N.V. (“TIE”) reports that it has completed the acquisition of MamboFive.
Additionally, TIE reports that it has placed new shares due to the conversion of convertible bonds and the exercise of options.
TIE exercised its call option in order to obtain the remaining 24.5% of the shares in MamboFive. In accordance with the Sale Purchase Agreement, the purchase price of EUR 450k has been paid on April 1, 2010 by the issue of Convertible Bonds to the former shareholders, at a fixed conversion rate of EUR 0.188, a one year lock-up and a five year maturity period. After the formal transfer of the shares, TIE holds 100% of the shares in MamboFive.
TIE has placed new shares following the conversion of Convertible Bonds.
The Convertible Bonds were issued April 1, 2009 to the former shareholders of MamboFive in connection with the purchase of another 24.5% of het shares in MamboFive. The Convertible Bonds, with a principle amount of EUR 450k in total, at a conversion price of EUR 0.10 have been converted into ordinary shares TIE Holding N.V..
Several staff members of TIE have exercised their options, which they received on February 24, 2009 as part of the investment plan. As a result thereof TIE has placed 1,065,000 new shares. The CEO, Jan Sundelin exercised 265,000 options and will retain the shares to be acquired as a result of the execution of the options.
The total number of shares in issue following the placements will amount to 82,201,804.

Profile TIE
TIE (NYSE Euronext: TIE Holding) delivers web centric, software based solutions that enable all trading partners in the supply chain to work seamlessly together on the major Ecommerce processes of marketing, sales and fulfillment. With TIE Kinetix, TIE provides a Total Integrated E-commerce concept, embracing three innovative platforms for Business Integration (including e-invoicing, XML/EDI data synchronization), Content Syndication and
E-commerce. The Total Integrated E-commerce solutions minimize the energy needed for a transaction lifecycle throughout the supply chain which enables our customers to reduce cost and maximize revenue and profit.
TIE has more than two decades of experience in developing and implementing global Ecommerce standards. TIE is a listed company with offices in the United States, Australia, France and the Netherlands.