For Immediate Release
Statement regarding Fidessa group plc (“Fidessa”)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UK CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
Further to the announcements made by Fidessa on 3 April 2018 and 5 April 2018 in which SS&C Technologies Holdings, Inc. (“SS&C”) was identified as a potential bidder for Fidessa, and further to SS&C’s announcement on 6 April 2018 confirming that it had engaged in preliminary discussions with Fidessa regarding a potential transaction, SS&C today confirms that it does not intend to make an offer for the entire issued and to be issued share capital of Fidessa pursuant to Rule 2.7 of the Code.
Under Note 2 on Rule 2.8 of the Code, SS&C, and any person acting in concert with SS&C, reserves the right to set aside the restrictions in Rule 2.8 in the following circumstances: (i) with the agreement of the board of Fidessa in the event that (A) the offer by Temenos Group AG ("Temenos") is withdrawn or lapses and (B) the offer by ION Investment Group Limited ("ION") is withdrawn or lapses; (ii) if a third party other than Temenos or ION announces a firm intention to make an offer for Fidessa; (iii) if Fidessa announces a “whitewash” proposal (see Note 1 of the Notes on Dispensations from Rule 9) or a reverse takeover (as defined in the Code); and (iv) if there has been a material change of circumstances (as determined by the Panel on Takeovers and Mergers).
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 13,000 financial services and healthcare organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
Chief Financial Officer
Tel: +1- 212-367-4705