Solium ar­ranges $40-mil­lion bought deal of­fer­ing

Stockwatch Daily - - TECHNOLOGY & TELECOM - An anony­mous di­rec­tor re­ports

SOLIUM CAP­I­TAL Inc. has en­tered into an agree­ment with a syn­di­cate of un­der­writ­ers, in­clud­ing Na­tional Bank Fi­nan­cial Inc. as sole bookrun­ner, and to­gether with CIBC World Mar­kets Inc., co-lead un­der­writer, pur­suant to which the un­der­writ­ers have agreed to pur­chase on a bought deal ba­sis 3,903,000 com­mon shares of the com­pany at a price of $10.25 per share for gross pro­ceeds of $40-mil­lion. The shares will be of­fered in all prov­inces of Canada pur­suant to a short-form prospec­tus to be filed by Solium, as well as in the United States, un­der ap­pli­ca­ble regis­tra­tion state­ment ex­emp­tions and such other ju­ris­dic­tions as may be agreed to by Solium on a pri­vate place­ment ba­sis.

The com­pany has granted the un­der­writ­ers an over­al­lot­ment op­tion to pur­chase up to that num­ber of ad­di­tional shares equal to 15 per cent of the shares pur­chased pur­suant to the of­fer­ing, ex­er­cis­able in whole or in part at any time up to 30 days af­ter and in­clud­ing the clos­ing date of the of­fer­ing.

The com­pany in­tends to use the net pro­ceeds of the of­fer­ing for work­ing cap­i­tal and gen­eral cor­po­rate pur­poses, as well as to pro­vide fur­ther flex­i­bil­ity for fu­ture ac­qui­si­tions, in­clud­ing po­ten­tially ma­te­rial ac­qui­si­tions.

“Solium is cur­rently the lead­ing provider of SaaS [soft­ware as a ser­vice] soft­ware for the au­to­ma­tion and man­age­ment of eq­uity-based in­cen­tive plans,” said Mar­cos Lopez, chief ex­ec­u­tive of­fi­cer of Solium. “Our cus­tomer base in­cludes a di­verse group of over 3,000 pri­vate and pub­lic com­pa­nies with em­ployee par­tic­i­pants in more than 100 coun­tries. To­day’s an­nounce­ment is in line with our stated ob­jec­tive of ac­cel­er­at­ing our growth, in­clud­ing white-la­bel part­ner­ships and our con­tin­ued fo­cus on bring­ing so­lu­tions to com­pa­nies at all stages of their life cy­cle. In ad­di­tion, this pro­vides us the abil­ity to act quickly to com­plete fur­ther op­por­tunis­tic ac­qui­si­tions to strengthen our prod­uct port­fo­lio for our cus­tomers. Our com­mit­ment to a ro­bust global plat­form that can ser­vice our cus­tomers from start-up through IPO [ini­tial pub­lic of­fer­ing] and to ma­tu­rity, with world-class ser­vice, is our dif­fer­en­tia­tor and a key driver of our suc­cess.”

The of­fer­ing is ex­pected to close on or about Nov. 1, 2017, and is sub­ject to the re­ceipt of all nec­es­sary reg­u­la­tory ap­provals, in­clud­ing, but not lim­ited to, the ap­proval of the Toronto Stock Ex­change and sub­ject to cer­tain other con­di­tions. About Solium Cap­i­tal Inc. Solium Cap­i­tal pro­vides cloud-en­abled ser­vices for global eq­uity ad­min­is­tra­tion, fi­nan­cial re­port­ing and com­pli­ance. From of­fices in the United States, Canada, the United King­dom, Europe and Aus­tralia, its in­no­va­tive soft­ware-as-a-ser­vice tech­nol­ogy pow­ers share plan ad­min­is­tra­tion and eq­uity trans­ac­tions for more than 3,000 cor­po­rate clients with em­ployee par­tic­i­pants in more than 100 coun­tries.

We seek Safe Har­bor.

Shawn Ab­bott, Michael Graeme Broad­foot, Laura Ann Cil­lis, Brian Nor­man Craig, Mar­cos A Lopez, Colleen Jill Moore­head, Thomas Pin­aud Muir

(SUM) Shares: 50,802,975

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