Descartes Commences U.S. and Canadian Public Share Offering - Company's Common Shares Listed for Trading on The Nasdaq National Market.WATERLOO, Ontario--(BUSINESS WIRE)--Jan. 27, 1999-- Descartes (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DSGXF) (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 commenced a public offering of 2,760,000 of its common shares at a price of U.S.$7.50 per share. A selling stockholder of Descartes Systems will sell an additional 740,000 shares. Descartes Systems will not receive any of the proceeds from the sale of shares by the selling stockholder. SG Cowen Securities Corporation is leading the group of co-managers of the offering consisting of Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Inc., SoundView Technology Group, Inc. and Griffiths McBurney & Partners. The underwriters have been granted a 30-day over-allotment option to purchase an additional 375,000 shares from Descartes Systems and 150,000 shares from a selling stockholder. Copies of the prospectus relating to the offering may be obtained from SG Cowen Securities Corporation's Prospectus Department at One Financial Square, 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 10005. In connection with the offering, Descartes Systems' common shares will be listed on The Nasdaq National Market under the symbol "DSGXF". The Company's common shares are also listed on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "DSG". About Descartes Systems Descartes Systems is a leading provider of inter-enterprise execution solutions for supply chain management. Energy(tm), the Company's product family, can be implemented to manage every phase of the order-to-delivery cycle, and can be integrated with a wide range of business enterprise systems. The Company's solutions are used today by more than 850 companies in 49 countries worldwide. For more information on Descartes Systems, visit http://www.descartes.com. All trademarks and registered trademarks are the property of their respective owners. |
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