Amdocs Limited Announces Pricing of Public Offerings of Primary and Secondary Shares and of TRACES.ST. LOUIS--(BUSINESS WIRE)--June 7, 1999-- Amdocs Limited (NYSE NYSE See: New York Stock Exchange : DOX DOX Design of Experiments DOX Direct Operational Exchange ) today announced that the offering of 18 million of its ordinary shares by certain selling shareholders and two million ordinary shares by the Company was priced at $22.44 per share. The selling shareholders in the offering include the Company's principal shareholders, Welsh, Carson, Anderson & Stowe, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. International Inc. and Amdocs International Limited, a private investment company. In addition, a separate offering of 10 million Amdocs TRACES (Trust Automatic Common Exchange Securities) was priced at $22.44 per security. The Amdocs TRACES (NYSE:AAE AAE American Association of Endodontists. ) are hybrid equity securities that will be automatically exchanged for ordinary shares or for cash at maturity in three years at the election of the selling shareholder. Each Amdocs TRACES represents the right to receive an annual distribution (paid out quarterly) of $1.51. At maturity, Amdocs TRACES will be exchanged for between 0.84 shares and one Amdocs ordinary share that will be provided by the participating selling shareholder. Amdocs International Limited is the selling shareholder in this separate offering. Until so delivered, the voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. with respect to these shares will be retained by the participating selling shareholder. Underwriters for the ordinary shares offering include Goldman, Sachs & Co., Banc of America Securities LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , BancBoston Robertson Stephens, Inc., BT Alex Brown Alex Brown may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New York 10004. Amdocs is a leading provider of product-driven information system solutions to premier telecommunications companies worldwide. Amdocs has an unparalleled success record in project delivery of its mission-critical products. With human resources of over 3,700 information systems professionals dedicated to the telecommunications industry, Amdocs has an installed base of successful projects with more than 70 major telecommunications companies throughout the world. For more information visit our Web site at www.amdocs.com. This press release may contain forward-looking statements as defined under the Securities Act of 1933, as amended. Such statements involve risks and uncertainties that may cause future results to differ from these anticipated. These risks include, but are not limited to, the adverse effects of market competition, rapid changes in technology that may make the Company's products and services less competitive, potential loss of major customers, and risks associated with operating businesses in the international market. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission. |
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