Brief: Softwareone: Amendments To Existing Crayon Total Return Swap Agreement

SoftwareOne Holding AG

14/04/2025 06:21

April 14 (Reuters) - SoftwareOne Holding Ltd SWON.S:

HAS ENTERED INTO AN AMENDMENT AGREEMENT IN RELATION TO ITS EXISTING TOTAL RETURN SWAP (TRS) WITH FINANCIAL EXPOSURE TO 4,578,588 CRAYON SHARES

UPON COMPLETION OF ITS VOLUNTARY OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF CRAYON, SETTLEMENT OF TRS WILL AUTOMATICALLY BE EXPEDITED

FOLLOWING TRS AMENDMENT AND INCLUDING SHARES OWNED, SOFTWAREONE'S FINANCIAL EXPOSURE IN CRAYON REMAINS UNCHANGED AT 6,259,613 SHARES, APPROXIMATELY 6.98% OF TOTAL NUMBER OF SHARES IN CRAYON

AGREEMENT STIPULATES THAT SOFTWAREONE IS GRANTED RIGHT TO ELECT EITHER PHYSICAL OR CASH SETTLEMENT UPON MATURITY OR TERMINATION OF TRS UNDER OTHERWISE UNCHANGED SWAP TERMS

SOFTWAREONE ANNOUNCES AMENDMENTS TO EXISTING CRAYON TOTAL RETURN SWAP AGREEMENT

Further company coverage: SWON.S

 (Reporting by Berlin Newsroom)

 ((berlin.newsroom@thomsonreuters.com;))