Satyam Lists on Euronext Amsterdam
January 23 2008 - 9:15AM
PR Newswire (US)
AMSTERDAM, January 23 /PRNewswire-FirstCall/ -- - Move Reflects
Satyam's Growing European Footprint - Euronext Amsterdam Ticker
Symbol is SAYE Satyam Computer Services Ltd. (NYSE:SAY), a leading
business and information technology services provider, today
announced that it has listed its American Depositary Shares (ADSs)
on Euronext Amsterdam, which is part of NYSE Euronext. The listing
and trading of the ADSs on Euronext Amsterdam commenced today at
12:30 p.m. CET. Satyam's ADSs are also listed on the NYSE. The
secondary listing of ADSs on Euronext Amsterdam reflects Satyam's
growing customer base, as well as its expanding pool of investors,
in Europe. It also enables Satyam to "globalize" its ADSs. "Listing
with Euronext Amsterdam will provide numerous benefits to the
exchange's customers, and to Satyam's investors," said Satyam
Chairman Ramalinga Raju. "In addition to making investing in Satyam
easier, it enables extended trading. That is, investors can
purchase ADSs on Euronext Amsterdam and sell them on the NYSE the
same day." "We are proud to join the other high-profile European
organizations on Euronext, several of which are Satyam clients,"
Raju added. "It demonstrates Satyam's commitment to helping
European companies use IT and enhanced business processes to solve
complex business problems." The listing makes Satyam the first
company to be listed on each of the NYSE, Euronext Amsterdam and
India's National Stock Exchange (NSE). NYSE owns a 5 percent stake
in the NSE. Yesterday, Satyam became the first NSE-listed
organization to be honored with the opening bell-ringing duties in
2008. Further, Satyam is the first global company to use the AFM's
Fast Path application-an expedited method-to cross-list on Euronext
Amsterdam. Reporting requirements for investors Pursuant to the
Dutch Financial Markets Supervision Act (FMSA), each person who
knows or reasonably should know that his or her holding of voting
rights and/or interest in Satyam's equity shares (including ADSs)
directly or indirectly equal 5% or more at the time of the
admission of Satyam's ADSs to listing and trading on Euronext
Amsterdam (i.e. on the date hereof) must without delay notify the
Netherlands Authority for the Financial Markets (AFM) by means of a
notification form prescribed by the AFM. After the admission of
Satyam's ADSs to listing and trading on Euronext Amsterdam (i.e. on
or after the date hereof), any person who directly or indirectly
acquires or disposes of an interest in Satyam's equity shares
(including ADSs) or voting rights and that person knows or should
reasonably know that, as a result of such acquisition or disposal,
such person's interest in Satyam's equity shares (including ADSs)
or voting rights directly or indirectly meets, exceeds or falls
below certain statutory thresholds, must without delay notify the
AFM by means of a notification form prescribed by the AFM. The
relevant thresholds are: 5%, 10%, 15%, 20%, 25%, 30%, 40%, 50%,
60%, 75% and 95%. In order to make sure that investors can
accurately calculate their interest, Satyam is required to report
to the AFM certain changes in Satyam's issued capital and votes.
The AFM publishes the reported changes on its website. Any investor
whose direct or indirect interest in Satyam's equity shares
(including ADSs) or voting rights meets, exceeds or falls below the
thresholds referred to above as a result of a change in Satyam's
share capital or voting rights must notify the AFM no later than
the fourth trading day after the AFM has published such change on
its website. Any person who does not comply with the AFM reporting
requirements could be subject to administrative and criminal
sanctions for intentional disregard of obligation and third parties
may request that certain of such shareholder's rights be suspended.
The notifications with the AFM may be made electronically via the
AFM's internet portal to which access may be obtained through the
AFM's website at
https://www.loket.afm.nl/loket/en-GB/default2.aspx. Alternatively,
the shareholders may notify the AFM by completing the appropriate
notification form available on the AFM's website
(http://www.afm.nl/corporate/default.ashx?DocumentId=9572) and
sending the form by fax and regular mail to the AFM. About Satyam
Satyam (NYSE:SAY), a leading global business and information
technology services company, delivers consulting, systems
integration, and outsourcing solutions to clients in 20(i)
industries and 61(i) countries. Satyam leverages deep industry and
functional expertise, leading technology practices, and an
advanced, global delivery model to help clients transform their
highest-value business processes and improve their business
performance. The company's 49,199(i) professionals excel in
engineering and product development, supply chain management,
client relationship management, business process quality, business
intelligence, enterprise integration, and infrastructure
management, among other key capabilities. Satyam development and
delivery centers in the US, Canada, Brazil, the UK, Hungary, Egypt,
UAE, India, China, Malaysia, Singapore, and Australia serve 630(i)
clients, including more than one third of the Fortune 500. For more
information, see http://www.satyam.com/. (i) As of Dec. 31, 2007
Safe Harbor This press release contains forward-looking statements
within the meaning of section 27A of Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of 1934, as
amended. The forward-looking statements contained herein are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those reflected in the
forward-looking statements. Satyam undertakes no duty to update any
forward-looking statements. For a discussion of the risks
associated with our business, please see the discussions under the
heading "Risk Factors" in our report on Form 6-K concerning the
quarter ended September 30, 2007, furnished to the United States
Securities and Exchange Commission on October 31, 2007 and the
other reports filed with the United States Securities and Exchange
Commission from time to time. These filings are available at
http://www.sec.gov/. This announcement is not an offer of
securities for sale in the United States. Securities may not be
offered or sold in the United States absent registration or an
exemption from registration. Any public offering of securities to
be made in the United States will be made by means of a prospectus
that may be obtained from Satyam and that will contain detailed
information about Satyam and its management, as well as financial
statements. DATASOURCE: Satyam Computer Services Ltd. CONTACT:
Satyam Contacts: For clarifications, write to us at or contact our
global PR representatives at: India: Vishwesh Iyer, ,
+91-(0)22-44344086, +91-(0)9820053697; US: Siobhan Aalders, ,
+1-212-880-5341, +1-347-387-0733; UK: Clare Gibbins, ,
+44-20-7309-1037; Europe: Priti Thakker, , +44-77173-45581;
Asia-Pacific: Reshma Wad Jain, , +65-6737-4844, +65-981-40507; Dan
Bleakman, , +61-2-8281-3823
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