WNS Announces Proposed Public Offering of ADSs
February 01 2012 - 4:01PM
Business Wire
(WNS) (NYSE: WNS), a leading provider of global offshore
business process outsourcing services, today announced that,
subject to market and other conditions, it is proposing to offer
and sell newly issued 5,250,000 ADSs and Warburg Pincus is
proposing to offer and sell 5,250,000 ADSs. Warburg Pincus also
intends to grant the underwriters of the proposed offering a 30 day
option to purchase up to an additional 1,575,000 ADSs to cover
over-allotments, if any.
WNS intends to use the net proceeds from the offering for
general corporate purposes, which may include capital expenditures,
acquisitions, refinancing of indebtedness and working capital. WNS
will not receive any proceeds from the sale of ADSs by Warburg
Pincus in the offering.
BofA Merrill Lynch and Deutsche Bank Securities Inc. are joint
book-running managers and Baird, William Blair & Company and
Janney Montgomery Scott are co-managers. The ordinary shares
represented by the ADSs will be offered pursuant to a shelf
registration statement on Form F-3 previously filed with and
declared effective by the Securities and Exchange Commission (the
“SEC”). WNS will also file with the SEC a prospectus supplement
with respect to the offering.
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
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
Copies of the prospectus supplement and accompanying prospectus may
be obtained, when available, from BofA Merrill Lynch, 4 World
Financial Center, New York, NY 10080, Attn: Prospectus Department
or by email: dg.prospectus_requests@baml.com; or from Deutsche Bank
Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey
City, New Jersey 07311, by telephone: (800) 503-4611, or by e-mail:
prospectus.cpdg@db.com.
About WNS
WNS (Holdings) Limited (NYSE: WNS), is a leading global offshore
business process outsourcing company. WNS offers business value by
combining operational excellence with deep domain expertise in key
industry verticals including Insurance; Travel and Leisure;
Manufacturing, Retail, Consumer Products and Telecom; Consulting
and Professional Services; Healthcare; Banking and Financial
Services; Utilities, and Shipping and Logistics industries. WNS
delivers an entire spectrum of business process outsourcing
services such as customer care, finance and accounting, legal
services, procurement, research and analytics, technology services
and industry specific back office and front office processes. WNS
has over 22,500 professionals across 25 delivery centers worldwide
including India, the Philippines, the United Kingdom, Sri Lanka,
Romania, Costa Rica and the United States, as well as a
subcontractor’s delivery center in South Africa.
Safe Harbor Statement under the
provisions of the United States Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements, as defined in
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. These forward-looking statements include, among
other things, statements relating to WNS’s expectations regarding
the completion and timing of the proposed public offering and the
intended use of proceeds. We caution you that reliance on any
forward-looking statement involves risks and uncertainties that
might cause actual results to differ materially from those
expressed or implied by such statements. These risks and
uncertainties include, without limitation, risks and uncertainties
related to market conditions and satisfaction of customary closing
conditions related to the public offering. There can be no
assurance that WNS will be able to complete the public offering on
the anticipated terms, or at all. These and other factors are more
fully discussed in the prospectus supplement for the offering filed
with the SEC which is available at http://www.sec.gov. Except as
required by law, we do not undertake to release revisions of any of
these forward-looking statements to reflect future events or
circumstances.
References to "ADS" refer to American Depositary Shares, each
representing one ordinary share of WNS.
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