Jack Henry & Associates Announces Pricing of Common Stock Offering
MONETT, Mo., Aug. 11 /PRNewswire/ -- Jack Henry & Associates, Inc.
(Nasdaq: JKHY) today announced that it has priced a registered public offering
of 3.3 million shares of its common stock at $43.00 per share. The offering
is being lead managed by Prudential Securities and co-managed by CIBC World
Markets Corp., Robert W. Baird & Co., George K. Baum & Company and A. G.
Edwards & Sons, Inc.
One million five hundred thousand shares are being offered by Jack Henry &
Associates, Inc. in the offering and one million eight hundred thousand share
are being offered by selling stockholders. The registration statement
covering the 3.3 million shares also covers options to purchase an additional
495,000 shares that have been granted by the selling stockholders to the
underwriters to cover over-allotments, if any.
The Company's common stock is quoted on the Nasdaq National Market under
the symbol JKHY. Jack Henry & Associates, Inc. intends to use its net
proceeds from the offering for repayment of debt, working capital, capital
expenditures and other general corporate purposes, including potential
acquisitions.
Prospectuses relating to these securities may be obtained by contacting
Prudential Securities at 111 8th Avenue, Fifth floor, New York, NY 10011,
telephone (212) 778-8190.
This press release 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 state in which such offer, solicitation or sale would be
unlawful prior to registration of qualification under the securities laws of
any state or jurisdiction.
Jack Henry & Associates, Inc. is a leading provider of integrated computer
systems and ATM networking products to community banks, credit unions and
other financial institutions. Jack Henry markets and supports its systems
throughout the United States and has over 2,850 customers nationwide. The
Company's headquarters are located at 663 Highway 60, Monett, MO 65708.
This news release includes statements that may constitute forward-looking
statements pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Although Jack Henry & Associates, Inc.
believes statements are reasonable, it can make no assurances that such
expectations will prove to be correct. This information may involve risks and
uncertainties that could cause actual results to differ materially from the
forward-looking statements.
SOURCE Jack Henry & Associates, Inc.
-0- 08/11/2000
/CONTACT: Analysts, Terry Thompson, Chief Financial Officer of Jack Henry
& Associates, 417-235-6652; IR, Becky Pendleton Reid of Len Cereghino & Co.,
206-448-1996 for Jack Henry & Associates, Inc./
/Web site: jackhenry.com /
(JKHY)
CO: Jack Henry & Associates, Inc.
ST: Missouri, Texas
IN: FIN
SU:
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