SoftwareOne Corporate NewsStans, SwitzerlandAnnonce Ad hoc conformément à l'Art. 53 du Règlement de Cotation
SoftwareOne statement regarding proposal from Bain Capital
SoftwareOne Holding AG, a leading global software and cloud solutions provider, confirms that it has received an indicative, unsolicited and non-binding offer from Bain Capital for the acquisition of 100% of the company at CHF 18.50 per share, subject to various conditions. The Board also confirms that the indicative offer is supported by Daniel von Stockar, B. Curti Holding AG, and René Gilli, together holding approximately 29% of the company’s share capital (together with Bain Capital the “Offerors”).
The Board, excluding Daniel von Stockar who had recused himself from matters relating to the indicative offer, has carefully reviewed the proposal with the support of its legal and financial advisors and unanimously agreed that the proposal materially undervalues the company and is not sufficiently substantiated. As a result, the Board concluded the proposal is not in the best interest of the company and the majority of its shareholders.
Earlier this year, the Board unanimously voted to appoint Brian Duffy as CEO, and shareholders elected Adam Warby as Chairman, to transition the company into a new phase of growth and operational excellence and drive future value creation. The Board is confident in the progress made to date and is convinced this further underpins the Board’s view that the offer significantly undervalues the current and future valuation of the company.
SoftwareOne remains fully focused on delivering its strategy and the successful execution of its operational excellence program to drive growth and efficiencies across the organization and enable re-investment into strategic growth areas, with the aim of delivering profitable growth and long-term value for all shareholders.
About SoftwareOne
SoftwareOne is a leading global software and cloud solutions provider that is redefining how organizations build, buy and manage everything in the cloud. By helping clients to migrate and modernize their workloads and applications – and in parallel, to navigate and optimize the resulting software and cloud changes – SoftwareOne unlocks the value of technology. The company’s ~9,000 employees are driven to deliver a portfolio of 7,500 software brands with sales and delivery capabilities in 90 countries. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the ticker symbol SWON. Visit us at www.softwareone.com
MISE EN GARDE CONCERNANT LES INFORMATIONS PRÉVISIONNELLES
Le présent communiqué de presse peut contenir certaines déclarations prévisionnelles concernant les futures performances commerciales, économiques et de développement du groupe. Ces déclarations peuvent être soumises à un certain nombre de risques, d’incertitudes et d’autres facteurs importants, notamment, mais sans pour autant s’y limiter, les cas de force majeure, les pressions concurrentielles, les évolutions législatives et réglementaires, les tendances mondiales, macroéconomiques et politiques, la capacité du groupe à attirer et retenir les salariés qui sont nécessaires pour générer des revenus et gérer ses activités, les fluctuations des taux de change et des conditions générales du marché financier, les changements dans les normes ou politiques comptables, le retard ou l’incapacité à obtenir les approbations des autorités, les développements techniques, un litige ou une publicité et une couverture médiatique défavorables. Chacune de ces situations pourrait entraîner une différence substantielle entre le développement et les résultats réels et les déclarations faites dans le présent communiqué de presse. SoftwareOne n’assume aucune obligation de mettre à jour ou de modifier les déclarations prévisionnelles, que ce soit à la suite de nouvelles informations, d’événements futurs ou autres.
Nous contacter
Anna Engvall Head of Investor RelationsNeue Winterthurerstrasse 82 8304 Wallisellen Switzerlandanna.engvall@softwareone.com +41 44 832 41 37
