Xenos Group Inc. -
Xenos Group lists on TSE
Xenos Group Inc.
XNS
Shares issued 7,347,500
1899-12-30 close $0
Monday Aug 9 1999
TSE Bulletin 99 0966
An application has been granted for the original listing in the
industrial category of 8,477,850 common shares, of which
7,347,500 shares will be issued and outstanding, and
1,130,350 shares will be reserved for issuance upon
completion of a public offering.
Listing of the common shares will become effective at 4:01
p.m. on Tuesday, Aug. 10, 1999, in anticipation of the public
offering closing on Wednesday, Aug. 11, 1999. The common
shares, other than those which have not been distributed to the
public, will be posted for trading at the opening on
Wednesday, Aug. 11, 1999.
Symbol: XNS
Cusip No: 98411E 10 6
Xenos designs, develops and markets enabling software for
the electronic document presentment industry. The company's
core products perform document transformation allowing for
the seamless migration of documents from a source platform,
such as a mainframe computer, to a target platform, such as the
Internet.
The company licenses its technology directly to major
accounts and indirectly through original equipment
manufacturers and resellers. Xenos' products are installed by
companies in a wide range of industries, including banking,
brokerage, insurance, telecommunications, postal services,
print service bureaus and by governments. Customers include
AT&T Corp., the Bank of New York Company Inc., Bell
Canada Inc., Canada Post Corporation, Charles Schwab & Co.
Inc., Chase Manhattan Bank, the Manufacturer's Life Company,
Merrill Lynch & Co. Inc., and Prudential Insurance Company
of America.
Transfer agent: CIBC Mellon Trust Company
Share Capital: authorized -- unlimited common shares; issued
-- 7,347,500 common shares; reserved -- 1,056,000 common
shares issuable pursuant to stock option plan, of which options
to purchase 755,000 common shares have been granted at
exercise prices ranging from $1.15 to $8.50, the last of which
expire in Oct. 2005; 45,000 common shares issuable on
exercise of stock options granted outside the stock option plan
at an exercise price of 44 cents expiring July, 2003; 29,350
common shares issuable on exercise of underwriters'
overallotment option at the offering price and exercisable for
a period of 60 days from closing of the offering.
Dividends: The company does not intend to pay dividends in
the foreseeable future.
Sponsor: RBC Dominion Securities Inc.
Public offering: Pursuant to the terms of a prospectus dated
Aug. 3, 1999, RBC Dominion Securities Inc., First Marathon
Securities Limited and Yorkton Securities Inc., as
underwriters, are offering 2,355,000 common shares (two
million common shares are being sold by the company and
355,000 common shares are being sold by selling
shareholders) for distribution to the public at a price of $8.50.
Net proceeds to the company of approximately $15-million
will be applied toward sales and marketing activities,
research and development, capital expenditures and to repay
debt and the balance for general corporate purposes including
working capital and acquisitions.
(c) Copyright 1999 Canjex Publishing Ltd.
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