Completion of Tender Offer
19/05/2022 09:56
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RNS Number : 1077M Softline Holding PLC 19 May 2022
Softline Holding plc
("Softline" or the "Company")
Softline announced the completion of its tender offer
London, 19 May 2022 - Softline (LSE: SFTL), the Cyprus registered Global IT
and digital transformation solutions provider headquartered in London and
operating in 60 countries announced the completion of its tender offer.
Softline's shareholders tendered 4,420,277 GDRs priced at $1 per Ordinary
Share or GDR. As previously announced, Softline initiated the tender offer in
the best interests of its shareholders to provide an opportunity for those
shareholders with a need to close their positions.
With the minimal take up of just 2% of diluted shares outstanding, the outcome
of the tender offer has confirmed that shareholders believe in the more
fundamental value in Softline, and the management's clear strategy for
increasing company value.
It is expected that the proceeds of the tender offer will be credited to the
Euroclear or Clearstream accounts of tendering shareholders as soon as
practicable, or otherwise despatched in accordance with the procedures
outlined in Softline's tender offer announcement dated 14 April 2022.
Media Contact Investor Relations Contact
Steven Salter
Eve Frayling
eve.frayling@pagefield.co.uk (mailto:eve.frayling@pagefield.co.uk) Global Investor Relations VP
+44 (0)7896 540438 or Softline@pagefield.co.uk
(mailto:Softline@pagefield.co.uk) IR@softline.com
About Softline
Softline is a leading global solutions and services provider in digital
transformation and cybersecurity, with its headquarters in London. The company
enables, facilitates and accelerates the digital transformation of its
customers' businesses, connecting over 150,000 organizations from all
industries with over 6,000 best-in-class IT vendors, and delivering its own
services and solutions. Foundation of Softline's growth is so-called
three-dimensional strategy, which includes geographic, portfolio and sales
channel expansion. This strategy is supported by energetic M&A activity,
so Softline is benefiting from the on-going consolidation of the industry.
Thanks to this strategy, Softline is currently one of the fastest growing
companies in the sector. Softline achieved a turnover of US$ 1.8 billion in
the fiscal year of 2020. In October 2021, the company conducted a primary
listing on the London stock exchange. Since the end of fiscal year 2020,
Softline has acquired several companies with a total annual turnover of
approximately US$ 200 million. Five more acquisitions got announced in the six
weeks since the start of 2022.
Softline's 8,200 employees work in almost 60 countries throughout Asia, Latin
America, Eastern Europe and Africa - markets with significant growth
potential.
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