Project Holland Fonds reduces stake in Ordina
Nieuwegein, 15Â January 2014
Project Holland Fonds reduces stake in Ordina
Broader shareholder base and greater share liquidity benefit Ordina
* Project Holland Fonds will offer ca. 10% to 15% of the outstanding shares of
Ordina
* Shares will be offered through an accelerated bookbuild offering
* 180-day lock up applies to Project Holland Fonds' remaining stake
Project Holland Deelnemingen B.V. ("Project Holland Fonds") and Ordina N.V.
("Ordina") today announce that Project Holland Fonds has the intention to sell
10% to 15% of Ordina's outstanding shares. A maximum of 13.846.626 shares in
Ordina will be offered today to institutional investors and other qualified
investors through an accelerated bookbuild offering.
Bart Timmer (Managing Director Project Holland Fonds): "In 2011, we had the
opportunity to assist Ordina with a financial restructuring operation, as a
result of which we accumulated a considerable stake in Ordina. Ordina is now
making good progress with its management agenda. The moment has come for us to
realise some of our return and clear the way for new shareholders. This will
also increase the liquidity of the share and broaden the company's shareholder
base. Project Holland Fonds' positive view of Ordina and its management is
unchanged and Project Holland Fonds will therefore remain committed to this
outstanding company as a major shareholder."
Stépan Breedveld (CEO Ordina): "Project Holland Fonds has informed Ordina of its
plan to sell off shares. Project Holland Fonds proved to be an important
shareholder for Ordina when we boosted our capital structure in 2011. The fact
that Project Holland Fonds is now reducing its stake offers new opportunities
for other investors who are interested in our share. A more liquid share with a
broader shareholder base also benefits our company and its stakeholders. We are
pleased that Project Holland Fonds, as a constructive and stable partner, will
remain a major shareholder of Ordina. We are grateful to Project Holland Fonds
for their assistance and trust in the past period."
Details of the placement
Registration will open immediately and is likely to be closed no later than
17.30 Dutch time today, whereafter the final price and final number of shares
sold will be determined. Payment and delivery is expected to be effected on 20
January 2014. The Ordina shares to be sold already qualify for listing on
Euronext Amsterdam. Rabobank International will act as sole book runner for the
placement.
Project Holland Fonds has agreed a 180-day lock up with Rabobank International
for its remaining shareholding, which shall commence after payment and delivery
of the placement.
About Project Holland Fonds
Project Holland Fonds is an independent investment fund which aims to support
high quality Dutch companies by providing capital. Such capital may be used to
boost the balance sheet and realise the company's growth ambitions. The fund
focuses on small and medium-sized listed Dutch companies. Project Holland Fonds'
anchor investors are Rabobank and Delta Lloyd.
About Ordina
Ordina is the largest independent services provider in the field of consulting,
solutions and IT in the Benelux. We focus on the financial services sector,
public sector, healthcare sector and a number of specific segments in the
industry sector.
As the designers, builders and managers of a better digital world, we have the
know-how and expertise to future-proof, rejuvenate and improve corporate
processes and IT. Our strength lies in the fact that we can implement strategy
and policies on the basis of real knowledge of our clients' business, local laws
and regulations, language and culture. We then translate this from business
into IT. Our aim is to team up with our clients to realise sustainable
innovations.
We focus on eight innovation themes to support our clients in the necessary
transformations they face:Â Big Data, Cloud Computing, Mobile, Social Media,
Security, Smart Sourcing, Unified Communications & Collaboration and ICT Talent
Development.
Ordina's head office is in Nieuwegein. Ordina also has a number of regional
offices in the Netherlands, Belgium and Luxembourg. The company was founded in
1973. Its shares have been listed on the NYSE Euronext Amsterdam since 1987 and
are included in the Small cap Index (AScX). In 2012, Ordina recorded turnover of
more than EUR 400 million.
For more information about this press release:
Bart Timmer, Managing Director Project Holland Fonds
Telephone: +31 (0)65 517 2617
Stépan Breedveld, CEO Ordina
Telephone: +31 (0)30 663 7111
Disclaimer
This press release is not available for release, distribution or publication,
directly or indirectly, partly or as a whole, in the United States, Australia,
Canada or Japan or any other jurisdiction where this might entail a breach of
applicable legislation.
This press release is for information purposes only and is not intended nor
should be considered an offer to sell or invitation to offer to buy securities
issued by Ordina N.V. (the "Company" and similar securities, the "Securities"),
in the United States, Australia, Canada, or Japan or any other jurisdiction
where such an offer, invitation or sale without prior registration, exemption
from registration or qualification is not permitted under the securities
legislation of such jurisdiction.
The Securities are not registered nor will be registered under the US Securities
Act of 1933, as amended (the "US Securities Act") and will not be registered
with any body responsible for the supervision of securities trading in a state
or any other area under the jurisdiction of the United States of America. The
Securities cannot be offered for sale or sold in the United States without
registration or exemption from registration under the US Securities Act. The
Company has not registered any part of the offer of the Securities in the United
States or any other jurisdiction, and has no intention of doing so. The Company
does not intend to make a public offer of the Securities in the United States.
With respect to every Member State of the European Economic Area that has
implemented the Prospectus Directive (each a "Relevant Member State"), except
the Netherlands, no action has been undertaken nor will be undertaken to make an
offer of Securities to the public for which a prospectus is required in a
Relevant Member State. As a result, the Securities may only be offered in
Relevant Member States (i) to a legal entity that can be considered a qualified
investor as defined in the Prospectus Directive; or (ii) in the other cases as
outlined in Article 3 (2) of the Prospectus Directive. In this paragraph, the
expression 'offer of Securities to the public' means: a statement to persons,
regardless of form or method, which contains sufficient information about the
terms of the offer and the securities on offer to allow an investor to decide to
purchase these securities or register for same, which may be different in the
Member State as a result of a measure pursuant to the implementation of the
Prospectus Directive in the relevant Member State, while the expression
'Prospectus Directive' means: Directive 2003/71/EC (and addenda and/or
amendments of same, including Directive 2010/73/EU, insofar as implemented in
the Relevant Member State), including all relevant implementation measures in
the Relevant Member State.
The distribution, publication or release of this press release may in some
jurisdictions be subject to legal restrictions and persons in such jurisdictions
should acquaint themselves with such restrictions and comply with same.
This press release should not be considered a prospectus as meant in the
Financial Supervision Act and should not be considered an invitation to make an
offer to buy securities.
Project Holland Fonds reduces stake in Ordina:
http://hugin.info/130778/R/1754354/592259.pdf
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