Press release Contacts
Investor relations: Kathleen Clark Bracco
+33 (0)1 40 67 29 61 kbraccoclark@sopragroup.com
Press relations: Virginie Legoupil
+33 (0)1 40 67 29 41 vlegoupil@sopragroup.com
Image Sept: Claire Doligez
+33 (0)1 53 70 74 48 cdoligez@image7.fr
Details on the spin-off and stock market listing of Axway Software
Paris, 13 June 2011
Readers are reminded that Sopra Group’s General Meeting of 8 June 2011 approved the exceptional distribution of premiums and reserves in the form of 3.92 in cash as well as one Axway Software share per
Sopra Group share, thus carrying out the project to separate and list Axway Software.
On 14 June 2011 the shares of Axway Software will be admitted to trading on the NYSE Euronext regulated market in Paris (Ticker: AXW).
The admission prospectus of Axway Software shares on the NYSE Euronext regulated market in Paris received the approval visa of the Autorité des Marchés Financiers (AMF) dated 29 April 2011 under the number 11-137.
In this regard, readers are reminded that 11,885,135 Sopra Group shares grant the right to the exceptional distribution of premiums and reserves decided at Sopra Group’s General Meeting of 8 June 2011.
On this basis:
– the cash distribution amounts to a total of 46,589,729.20 on the basis of 3.92 per Sopra Group share with corresponding distribution rights;
– 11,885,135 Axway Software shares, i.e. 73.73% of the share capital of Axway Software, will be distributed to Sopra Group shareholders, in the ratio of one Axway Software share per Sopra Group share with corresponding distribution rights.
Readers are reminded that Sopra Group will retain a 26.27% stake in the share capital Axway Software, of which 1.26% will be retained on behalf of holders of Sopra Group share subscription options, in accordance with the decision of Sopra Group’s Board of Directors.
Tax information concerning the distribution
The cash distribution will be taxed as a dividend.
The distribution of Axway Software shares will be taxed as a dividend in the amount of 8.51 per share distributed.
The difference between the actual value of each Axway Software share distributed and the taxable value will constitute a non-taxable contribution reimbursement in respect of the distribution.
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