REG - SS&C Technologies - SSCMakesPrelimApproachtoAcquireBluePrism Group plc

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RNS Number : 7147S  SS&C Technologies Hldgs Inc  17 November 2021

SS&C Makes Preliminary Approach to Acquire Blue Prism Group plc

WINDSOR, CT, November 17, 2021 (PR NEWSWIRE) - SS&C Technologies Holdings,
Inc.
(https://www.ssctech.com/?utm_campaign=SSC2021-Enterprise-Press-Release-0421&utm_medium=pressrelease&utm_source=prnews&utm_content=acquire-mainsteam-group)
(Nasdaq: SSNC) today confirms that it has made a preliminary approach to Blue
Prism Group plc ("Blue Prism") regarding a possible cash offer to acquire the
entire issued and to-be-issued share capital of Blue Prism for 1,200 pence per
Blue Prism share.  London-based Blue Prism is a global leader in enterprise
intelligent automation.

SS&C's preliminary approach, which is subject to the satisfaction or
waiver of a number of pre-conditions including the completion of detailed due
diligence, implies an equity value of approximately $1.6bn for Blue Prism.

"Automation has been at the forefront of SS&C's technology initiatives for
several years now," said Bill Stone, Chairman and CEO of SS&C
Technologies. "Blue Prism's innovative solutions are recognized as a leader by
RPA analysts, and we believe they would complement our existing products,
particularly Chorus, our intelligent automation solution."

A further announcement will be made if and when appropriate.

 

 

Important Notices

 

This announcement is not for release, publication or distribution, directly or
indirectly, in whole or in part in, into or from any jurisdiction where to do
so would constitute a violation of the relevant laws or regulations of that
jurisdiction.

 

This announcement is not an announcement of a firm intention to make an offer
under Rule 2.7 of the City Code on Takeovers and Mergers (the "Code") and
there can be no certainty that an offer will be made by SS&C.

 

This announcement is not intended to and does not constitute an offer to buy
or the solicitation of an offer to subscribe for or sell or an invitation to
purchase or subscribe for any securities or the solicitation of any vote in
any jurisdiction.

 

In accordance with Rule 26.1 of the Code, a copy of this announcement will be
available (subject to certain restrictions relating to persons resident in
restricted jurisdictions) on SS&C's website at
http://investor.ssctech.com/Possible-Offer-for-Blue-Prism
(http://investor.ssctech.com/Possible-Offer-for-Blue-Prism) The content of
this website is not incorporated into, and does not form part of, this
announcement.

 

Important information under the Code

 

For the purposes of Rule 2.5 of the Code, SS&C reserves the right to (a)
reduce the offer consideration on a pound for pound basis by the amount of any
dividend or other distribution or return of capital which is paid or becomes
payable by Blue Prism after the date of this announcement, (b) vary the form
of consideration as set out above and or introduce other forms of
consideration, and (c) make an offer at any time for less than 1,200 pence per
Blue Prism share (i) with the agreement or recommendation of the board of Blue
Prism, (ii) if a third party announces a firm intention to make an offer for
Blue Prism pursuant to Rule 2.7 of the Code which at the date of such offer is
valued at a price lower than 1,200 pence per Blue Prism share, or (iii)
following the announcement by Blue Prism of a whitewash transaction pursuant
to the

Code.

 

 

Bases and sources

 

The valuation of the entire issued and to be issued ordinary share capital of
Blue Prism at approximately £1.2 billion (using the USD-GBP exchange rate of
0.745 provided by Bloomberg as at close of business on 16 November 2021) on a
fully diluted basis is calculated by applying the treasury stock method to
Blue Prism shares which may be issued on or after the date of this
announcement on the exercise of options or vesting of awards under Blue
Prism's share plans.

 

 

 

About SS&C Technologies

SS&C is a global provider of services and software for the financial
services and healthcare industries. Founded in 1986, SS&C is headquartered
in Windsor, Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's largest
companies to small and mid-market firms, rely on SS&C for expertise,
scale, and technology.

 

Additional information about

SS&C (Nasdaq:SSNC) is available at www.ssctech.com
(file:///C:/Users/Justine.Stone/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/4Q959JS1/www.ssctech.com)
.

Follow SS&C on Twitter, Linkedin and Facebook.

 

 
For more information

 

Patrick Pedonti | Chief

Financial Officer, SS&C

Technologies

Tel: +1-860-298-4738 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Justine Stone | Investor

Relations, SS&C Technologies

Tel: +1- 212-367-4705 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

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