WNS Announces Proposed Secondary Public Offering of ADSs by Warburg Pincus
February 05 2013 - 4:15PM
Business Wire
WNS (Holdings) Limited (WNS) (NYSE: WNS), a leading provider of
global offshore business process outsourcing services, today
announced that, subject to market and other conditions, Warburg
Pincus is proposing to offer and sell 12,625,343 ADSs in an
underwritten public offering. Warburg Pincus also intends to grant
the underwriters of the proposed offering a 30-day option to
purchase up to an additional 1,893,801 ADSs to cover
over-allotments, if any.
WNS does not intend to offer any ADSs in the proposed offering
and will not receive any proceeds from the sale of ADSs by Warburg
Pincus in the offering. Assuming the overallotment option is
exercised in full by the underwriters, Warburg Pincus will have no
remaining shareholdings in WNS following the offering.
BofA Merrill Lynch and Wells Fargo Securities are acting as
joint book-running managers and Baird, William Blair and Janney
Montgomery Scott are acting as co-managers for the offering. 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, 222 Broadway,
New York, NY 10038, Attn: Prospectus Department or by email:
dg.prospectus_requests@baml.com; or from Wells Fargo Securities,
Attn: Equity Syndicate Department, 375 Park Avenue, New York, NY
10152, by telephone: (800) 326-5897, or by e-mail:
cmclientsupport@wellsfargo.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, Telecom and Diversified
Businesses; Consulting and Professional Services; Healthcare;
Utilities; Banking and Financial Services; Shipping and Logistics;
and Public Sector Industries. WNS delivers an entire spectrum of
business process outsourcing services such as finance and
accounting, customer care, technology solutions, research and
analytics and industry specific back office and front office
processes. As of December 31, 2012, WNS had 25,931 professionals
across 31 delivery centers worldwide including Costa Rica, India,
the Philippines, Poland, Romania, South Africa, Sri Lanka, United
Kingdom and the United States.
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 proposed public offering. 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 the public offering will be completed. 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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