Descartes Announces U.S. And Canadian Public Share Offering.WATERLOO, ONTARIO--(BUSINESS WIRE)--Dec. 22, 1998--The Descartes System (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSG DSG Direct Shift Gearbox (Audi) DSG Dosage DSG Deputy Secretary General DSG Dressing DSG Designate DSG Desmoglein DSG Duke Student Government (Duke University) .) The Descartes Systems Group Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and a preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. in Ontario for a new issue and a secondary offering of its common shares. The size of the offering is expected to be approximately US $25,000,000, with a portion of the shares offered to be sold by selling stockholders. The offering will be sold through underwriters led by SG Cowen Securities Corporation and including Piper Jaffray Inc. and Soundview Technology Group, Inc. in the United States and Griffiths McBurney & Partners in Canada. Application has been made for quotation of Descartes' common shares on The Nasdaq National Market under the symbol "DSGXF." The Descartes Systems Group Inc. is a leading provider of inter-enterprise execution software for supply chain management. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective and a preliminary prospectus relating to the securities has been filed with the Ontario Securities Commission. These securities may not be sold, nor may offers to buy be accepted, in the United States or to or from U.S. persons prior to the time the registration statement becomes effective or in Canada prior to the time a receipt for a final prospectus Final Prospectus A legal document stating the price of a newly issued security, the delivery date, and other facts that are important for investors. Notes: The final prospectus must be given to every investor who purchases a new issue of registered securities. is issued by the Ontario Securities Commission. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any state in the United States or in a province in Canada in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or Province. |
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