Kinaxis Inc. Completes Initial Public Offering

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

OTTAWA, June 10, 2014 /CNW/ - Kinaxis Inc. ("Kinaxis") announced today that it has successfully completed an initial public offering and secondary offering of its common shares. In connection with the initial public offering, Kinaxis issued 5,000,000 common shares and an aggregate of 2,739,715 common shares were sold by certain selling shareholders at a price of Cdn$13.00 per share. The initial public offering and secondary offering resulted in aggregate gross proceeds of Cdn$65.0 million to Kinaxis and Cdn$35.6 million to the selling shareholders, for total aggregate gross proceeds of Cdn$100.6 million. Kinaxis' common shares will begin trading today on the Toronto Stock Exchange under the symbol "KXS".

The offering was made through a syndicate of underwriters led by BMO Capital Markets and Canaccord Genuity Corp., as joint bookrunners and co-lead underwriters, and comprised of TD Securities Inc., RBC Dominion Securities Inc., National Bank Financial Inc., CIBC World Markets Inc. and Cormark Securities Inc. The selling shareholders have granted to the underwriters an option, exercisable whole or part for a period of 30 days following the closing of the offering, to purchase up to an additional 1,160,957 common shares at Cdn$13.00 to cover over-allotments, if any, and for market stabilization purposes.

Dentons Canada LLP acted as Canadian counsel to Kinaxis and Stikeman Elliot LLP acted as Canadian counsel to the underwriters.

No securities regulatory authority has either approved or disapproved the contents of this press release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Kinaxis Inc. in any jurisdiction in which such offer, solicitation or sale would be unlawful. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.

About Kinaxis Inc.

Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.


SOURCE: Kinaxis Inc.

For further information:

Robert Kelly
TMX Equicom
T: (416) 815-0700 ext. 253
rkelly@tmxequicom.com

Craig Armitage
TMX Equicom
T: (416) 815-0700 ext. 278
carmitage@tmxequicom.com


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.