Temenos Group AG Disclosure of shareholdings
20 December 2004
Geneva, Switzerland, September 9th, 2003. TEMENOS Group AG (SWX: TEMN), a global vendor of integrated banking software, today discloses a change in its shareholding structure.
Pursuant to Articles 20 and 21 of the Federal Act on Stock Exchanges and Securities Trading, please note that:
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George KOUKIS sold 2,700,000 of TEMENOS Group AG shares (5.0% of the voting rights of TEMENOS Group AG.). George KOUKIS continues to hold 15,912,678 registered shares of TEMENOS Group AG (29.4% of the voting rights of TEMENOS Group AG.).
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Kim GOODALL sold 1,800,000 of TEMENOS Group AG shares (3.3% of the voting rights of TEMENOS Group AG.). Kim GOODALL continues to hold 5,871,147 registered shares of TEMENOS Group AG (10.8% of the voting rights of TEMENOS Group AG.).4.5 million TEMENOS shares held by George Koukis and Kim Goodall were placed with a number of institutional investors today at a price of SFR 5.50 per share (total value SFR 24,750,000 or $ 18,000,000). We are pleased to see a number of very well respected institutions increase their position in TEMENOS, itself a testimony to the confidence of investors in our business model. As a result, our free float has increased from approximately 40% of issued share capital to around 50% today. Both George and Kim remain fully committed to the company and have agreed to a lock-up period of nine months ending the 9th of June 2003.
The placement was managed by JB Brokerage, Zurich.
“Different reasons were considered in deciding that George Koukis and Kim Goodall reduce their stake in the company. Certainly the most compelling one comes from market pressure to increase the liquidity of the stock and to become positioned as a truly public company. The majority stake of the founders of TEMENOS, together with minor share disposals by the founders on and since the TEMENOS IPO in June 2001, has been viewed as a stock overhang. I am pleased to see both George and Kim decreasing their ownership, although they are still very important shareholders with around 40%”, said Andreas Andreades, CEO.
“Kim and I founded TEMENOS ten years ago and have experienced some extremely exciting times. We are both fully committed to TEMENOS and are excited about both our turnaround and positive performance for the current year but also for the long term strategic development of the company”, said George Koukis, Chairman.
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About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com
For more information, contact:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com
Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com
Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com
Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com