Hi,
Can you or anyone else explain to me what this means?
Thanks
Dorine
Magic Software Enterprises Ltd. Files Registration Statement for Follow-On Offering of its Ordinary Shares
January 20, 2000 06:37 PM
IRVINE, Calif.--(BUSINESS WIRE)--Jan. 20, 2000--Magic Software Enterprises MGIC Thursday announced that it has filed a registration statement with the Securities and Exchange Commission for a follow-on offering of 2 million of its ordinary shares.
1,333,334 of the ordinary shares are being offered by Magic Software Enterprises Ltd. and 666,666 ordinary shares are being offered by a shareholder.
Salomon Smith Barney Inc. and Merrill Lynch International are joint lead managers and joint book-runners for the offering, and CIBC World Markets Corp. and Warburg Dillon Read LLC are co-managers. When publicly available, a copy of the prospectus relating to the offering may be obtained from the underwriters.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Magic Software Enterprises develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems.
Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions providers in approximately 50 countries. The company's U.S. subsidiary is located at 1642 Kaiser Avenue, Irvine, Calif. 92614 .
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad and other risk factors detailed from time to time in the company's filings with the Securities and Exchange Commission.
JC/np
CONTACT: Magic Software Enterprises, Inc., Irvine Katharine Hanley, 949/250-1718 ext. 220 E-mail: khanley@magic-sw.com or Magic Software Enterprises, Ltd. Israel Teiblum, +972-3-538-9292 ext. 311 E-mail: israelt@magic-sw.com
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