Neuilly-sur-Seine, France, 19 August 2011: Linedata (LIN:FP), the global solutions provider dedicated to the investment management and credit finance industries, today announced that at its 11 August 2011 meeting, the Linedata Services Executive Board, in accordance with the authorisation granted by the General Meeting of Shareholders held on 12 May 2011, decided to reduce Linedata Services’ share capital from 19 August 2011 by cancelling 499,828 treasury shares, amounting to 4,53% 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 10,525,025 shares
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of ASP infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 136.2 million in 2010. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.