Paris, 8 April 2009 – At its 31 March 2009 meeting, the Linedata Services Executive Board, in accordance with the authorisation granted by the General Meeting of Shareholders held on 20 June 2008, decided to reduce Linedata Services’ share capital from 8 April 2009 by cancelling 199,768 treasury shares, amounting to 1.78% of the total share capital.
The transaction will have an immediate accretive effect for all shareholders and is accounting-neutral on the Group’s consolidated equity. Henceforth the share capital will comprise 11,024,853 shares.
The group notes that on 1 October 2008, the AMF (French markets authority) granted the shareholder concert party an exemption from the requirement to file a draft public offer because of the accretive effect on its shareholding. Following the transaction, the concert party will own 45.7% of the share capital and 59.2% of the voting right (based on shareholding on 31 March 2009).
Linedata Services will publish its first-quarter 2009 revenue figures on 29 April 2009 after close of the market.
About Linedata Services
Linedata Services is a major international provider of financial IT solutions that specializes in Asset Management, Savings & Insurance and Leasing & Credit Finance. As a software solutions and services provider, Linedata Services offers global solutions tailored to the world of finance. Linedata Services is listed on Euronext Paris Segment C and in 2008 generated turnover of EUR 160.7 million.
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