Amdocs Limited Files Registration Statement for Primary and Secondary Offerings.ST. LOUIS, Missouri--(BUSINESS WIRE)--May 6, 1999-- Amdocs Limited (NYSE NYSE See: New York Stock Exchange : DOX DOX Design of Experiments DOX Direct Operational Exchange ) today announced that it filed a registration statement with the Securities and Exchange Commission for the proposed public offering of 20 million of its ordinary shares. Of the shares to be offered, 18 million will be sold by selling shareholders and two million will be sold by the Company. The Company and the selling shareholders will also grant the underwriters for the offering an over-allotment option for an additional three million shares. Goldman, Sachs & Co. will be lead manager of the offering and BancBoston Robertson Stephens, BT Alex. Brown, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , NationsBanc Montgomery Securities and SG Cowen will be co-managers. The Company intends to use the proceeds from the sale of ordinary shares offered by it to repay bank debt and for other general corporate purposes, including working capital. 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. These shareholders will continue to hold more than 80% of their current ownership position in the Company's outstanding ordinary shares after the offering. In addition, the registration statement provides for a separate offering by a selling shareholder of up to 11.5 million ordinary shares (including an over-allotment option of up to 1.5 million shares) through an offering of hybrid equity securities known as TRACES (Trust Automatic Common Exchange Securities). The TRACES offering involves the formation of a trust that will issue the hybrid securities Hybrid Security A security that combines two or more different financial instruments. Notes: Hybrid securities generally combine both debt and equity characteristics. to the public. At their three year maturity, the TRACES will be automatically exchanged for ordinary shares or, with respect to a portion of the TRACES, for cash at the election of the selling shareholder. The underwriters for the TRACES offering are Goldman, Sachs, BT Alex. Brown and Lehman Brothers. Copies of the prospectus for the offerings may be obtained from Goldman, Sachs & Co., 85 Broad Street, New York New York, state, United States 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. Registration statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the securities referred to above have been filed with the Securities and Exchange Commission but have not yet been declared effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statements become effective. This news release shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of any offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such state. Amdocs Amdocs is a leading provider of product-driven information system solutions to premier telecommunications companies See telecom company. worldwide. Amdocs has an unparalleled success record in project delivery of its mission-critical products. With human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. of over 3,600 information systems professionals dedicated to the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. 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 those 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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