/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
OTTAWA, Dec. 16, 2014 /CNW/ - Kinaxis Inc. (TSX:KXS) (the "Company") announced today that HarbourVest International Private Equity Partners III – Direct Fund L.P. ("HarbourVest") and TechnoCap I, L.P. ("TechnoCap" and together with HarbourVest, the "Selling Shareholders") have completed the sale of an aggregate of 2,500,000 common shares of the Company at a price of $18.35 per common share for gross proceeds to the Selling Shareholders of C$45,875,000 (the "Offering"). The Company will not receive any proceeds from the Offering.
The previously announced Offering was completed on a bought deal basis by an underwriting syndicate led by BMO Capital Markets and Canaccord Genuity Corp., as co-lead underwriters, and comprised of National Bank Financial Inc., RBC Dominion Securities Inc., TD Securities Inc., Cormark Securities Inc. and CIBC World Markets Inc.
Following the closing of the Offering, TechnoCap now holds 3,247,530 common shares representing approximately 13.7% of the issued and outstanding common shares of the Company, and HarbourVest now holds 2,053,807 common shares representing approximately 8.7% of the issued and outstanding common shares of the Company.
Dentons Canada LLP acted as Canadian counsel to the Company and the Selling Shareholders, and Stikeman Elliott LLP acted as counsel to the Underwriters.
No securities regulatory authority has either approved or disapproved the contents of this press release. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 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 the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
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: Investor Relations: Robert Kelly, TMX Equicom, T: (416) 815-0700 ext. 253, firstname.lastname@example.org; Media Relations: Melissa Clow, Tel: (613) 592-5780 ext. 5513, email@example.com