NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES
OTTAWA, Ontario, July 3, 2014 – Kinaxis Inc. (TSX:KXS) (“Kinaxis”) announced today that the underwriters of its initial public offering and secondary offering of its common shares have exercised in full their over-allotment option to purchase an additional 1,160,957 common shares of Kinaxis at Cdn$13.00 from HarbourVest International Private Equity Partners III – Direct Fund L.P. and TechnoCap I, L.P. (collectively, the “Selling Shareholders”) bringing the aggregate transaction size to 8,900,672 common shares or Cdn$115.7 million.
This brings the total number of common shares sold by the Selling Shareholders in the secondary offering to 3,900,672. Kinaxis did not issue or sell any common shares as part of the over-allotment option and will not receive any proceeds from the exercise of the over-allotment option.
The previously announced 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.
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.
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