/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
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
SOURCE: Kinaxis Inc.
For further information:
T: (416) 815-0700 ext. 253
T: (416) 815-0700 ext. 278