Dassault Systemes Welcomes Successful Placement of French Government Stake.Business Editors/High-Tech Writers PARIS--(BUSINESS WIRE)--Sept. 4, 2003 Dassault Systemes Dassault Systemes (Dassault Systèmes S.A.) (Pronounced - Dasoh) (NASDAQ: DASTY; Euronext: 13065) is a leading company specializing in 3D and PLM (Product Lifecycle Management) software. (DS) (Nasdaq: DASTY; Euronext Paris Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam and Brussels exchanges in September 2000 to form Euronext NV, which is the second largest exchange in Europe behind the London Stock Exchange. : #13065, DSY DSY Drum Storage Yard PA), a worldwide leading software developer of product lifecycle management (PLM (Product Life cycle Management) A comprehensive information system that coordinates all aspects of a product from initial concept to its eventual retirement. Sometimes called the "digital backbone" of a product, it includes the requirements phase, analysis and design ) solutions, welcomes the sale of the French Government's shareholding. The French Government has held a stake in Dassault Systemes since 31 May 2001. It acquired this holding as a result of Dassault Systemes' de-merger from its former parent company, Dassault Aviation, in which the Government held a stake. Commenting on the sale, Bernard Charles, President and Chief Executive Officer of DS, said: "We welcome the sale of the French Government's stake in Dassault Systemes and are delighted to see the very successful placement of the shares. The placement was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. more than four times which is a testament to investor confidence in the strong fundamentals of our business and our strategy as a world leader in PLM solutions. As a result of this placement of shares, and assuming the over allotment option is exercised by the banks, the company's free float Free float An exchange rate system characterized by the absence of government intervention. Also known as clean float. will increase from 32% to 48% to the real benefit of our shareholders. The sale of the stake and the increase in liquidity in our stock that it brings, further builds on the decision to list Dassault Systemes on Nasdaq and Euronext Paris in June 1996, a decision which was instrumental to the development of the company. This placement and the resulting shareholder base (assuming exercise of the over allotment option, free float: 48%, Groupe Industriel Marcel Dassault: 45.2%, and Charles Edelstenne, Chairman of Dassault Systemes: 6.8%) provides us with an appropriate structure to continue to implement our strategy for growth." DS will continue to expand its capacity to serve manufacturing customers worldwide by delivering the most innovative and competitive solutions to digitally create, produce and support all types of manufactured goods. ABOUT DASSAULT SYSTEMES As world leader in PLM (Product Lifecycle Management) solutions, the Dassault Systemes group brings value to more than 60,000 customers in 80 countries. A pioneer in the 3D software market since 1981, Dassault Systemes develops and markets PLM application software and services that support industrial processes and provide a 3D vision of the entire lifecycle of products from conception to retirement. Dassault Systemes offering includes PLM integrated solutions for product development (CATIA A family of 2D and 3D CAD programs from IBM. CATIA was one of the first CAD programs to provide 3D solid modeling. The program was developed by Dassault Systems, a French aerospace company. , ENOVIA, DELMIA DELMIA Digital Enterprise Lean Manufacturing Interactive Application , SMARTEAM), 3D solutions (SolidWorks), and 3D components (SPATIAL). Dassault Systemes is listed on the Nasdaq (DASTY) and Euronext Paris (#13065, DSY.PA) stock exchanges. For more information, visit http://www.3ds.com. |
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