SoftwareOne takes note of the dissolution of the agreement between the shareholder group and Bain Capital to pursue a public takeover offer
SoftwareONE Holding AG / Key word(s): Miscellaneous/Miscellaneous Media Release – Ad hoc announcement pursuant to Art. 53 LR SoftwareOne takes note of the dissolution of the agreement between the shareholder group and Bain Capital to pursue a public takeover offer Stans, Switzerland, 5 March 2024 – SoftwareOne Holding AG, a leading global software and cloud solutions provider, takes note of the dissolution of the agreement among Bain Capital and the shareholders von Stockar, Curti and Gilli entered into last year with the aim of pursuing an offer for the acquisition of SoftwareOne. SoftwareOne welcomes the transparency provided by the shareholder group and Bain Capital and that Bain declared that there exist no prospects for a transaction. Furthermore, they declared that Bain Capital has no entitlement whatsoever to the shares or voting rights of the shareholder group. SoftwareOne appreciates that the shareholders will be able to make their decisions at the upcoming Annual General Meeting on 18 April 2024 taking into account these clarifying circumstances and the fact that, as expected, a purchase offer for SoftwareOne in the near future is unlikely.
CONTACTS Anna Engvall, Investor Relations Phone +41 44 832 41 37, anna.engvall@softwareone.com FGS Global, Media Relations Phone +41 44 562 14 99, press.softwareone@fgsglobal.com
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 optimise the resulting software and cloud changes – SoftwareOne unlocks the value of technology. The company's ~9,300 employees are driven to deliver a portfolio of 7,500 software brands with a presence in over 60 countries. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the ticker symbol SWON. Visit us at www.softwareone.com SoftwareOne Holding AG, Riedenmatt 4, CH-6370 Stans CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This media release may contain certain forward-looking statements relating to the group’s future business, development and economic performance. Such statements may be subject to a number of risks, uncertainties and other important factors, such as but not limited to force majeure, competitive pressures, legislative and regulatory developments, global, macroeconomic and political trends, the group’s ability to attract and retain the employees that are necessary to generate revenues and to manage its businesses, fluctuations in currency exchange rates and general financial market conditions, changes in accounting standards or policies, delay or inability in obtaining approvals from authorities, technical developments, litigation or adverse publicity and news coverage, each of which could cause actual development and results to differ materially from the statements made in this media release. SoftwareOne assumes no obligation to update or alter forward-looking statements whether as a result of new information, future events or otherwise.
Additional features: File: SoftwareOne_Statement_EN End of Inside Information |
Language: | English |
Company: | SoftwareONE Holding AG |
Riedenmatt 4 | |
6370 Stans | |
Switzerland | |
Phone: | +41 44 832 41 69 |
E-mail: | info.ch@softwareone.com |
Internet: | www.softwareone.com |
ISIN: | CH0496451508 |
Valor: | A2PTSZ |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1851097 |
End of Announcement | EQS News Service |
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1851097 05-March-2024 CET/CEST