Kofax Limited Kofax Limited Announces Pricing of NASDAQ Offering (8226U)

TIDMKFX

RNS Number : 8226U

Kofax Limited

05 December 2013

Regulatory Announcement

Kofax Limited:

Kofax Limited Announces Pricing of NASDAQ Offering

5 December 2013

For Immediate Release

Media Contact: Investor Contacts:

   Colleen Edwards                                                                     Todd Kehlri 
   Vice President, Corporate Communications                              MKR Group, Inc.

+1 (949) 491-1582 +1 (323) 468-2300

   colleen.edwards@kofax.com                                                    kfx@mkr-group.com

Sophie McMillan / Elodie Castagna

FTI Consulting

+44 (0) 20 7831 3113

kofax@fticonsulting.com

Kofax Limited Announces Pricing of NASDAQ Offering

Irvine, CA - December 5, 2013 - Kofax(R) Limited (NASDAQ and LSE: KFX) ("Kofax" or the "Company"), a leading provider of smart process applications for the business critical First Mile(TM) of customer interactions, announced today the pricing of its initial public offering of 2,000,000 shares of common stock at a price to the public of $5.85 per share. The shares being offered, together with the existing shares of Kofax's common stock, are expected to begin trading on the NASDAQ Global Select Market with effect from or shortly after the opening of trading on that exchange today under the ticker symbol "KFX." All of the shares of common stock are being offered by Kofax; there are no selling Kofax shareholders. In addition, Kofax has granted Craig-Hallum Capital Group LLC a 30-day option to purchase up to an additional 300,000 shares to cover over-allotments, if any. The offering is expected to close on December 10, 2013, subject to customary closing conditions.

The shares being offered on NASDAQ pursuant to the Company's registration statement filed with the Securities and Exchange Commission together with the existing shares of Kofax's common stock are expected to begin trading on the London Stock Exchange at 8:00 a.m. (London time) on December 6, 2013.

Craig-Hallum Capital Group LLC is acting as the sole book-running manager of the offering.

A registration statement on Form F-1 relating to the shares being offered on NASDAQ was declared effective by the Securities and Exchange Commission on December 4, 2013. The offering will be made only by means of a prospectus. A copy of the prospectus may be obtained from Craig-Hallum Capital Group LLC, Attention: Equity Capital Markets Department at 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, or via telephone at (612) 334-6300.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward Looking Statements

This press release may contain forward-looking statements that reflect Kofax's current expectations regarding future events, including statements regarding the timing of and potential listing of shares of its common stock on the NASDAQ Global Select Market and the proposed closing date of such offering. Forward-looking statements involve risks and uncertainties. Actual events could differ materially from those projected herein and depend on a number of factors. A list and description of risks, uncertainties and other risks associated with an investment in Kofax can be found in Kofax's filings with the U.S. Securities and Exchange Commission, including its registration statement on Form F-1. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Kofax undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. Actual results may differ materially from those anticipated in such forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein may not be realized.

About Kofax

Kofax is a leading provider of smart process applications for the business critical First Mile of customer interactions. These begin with an organization's systems of engagement, which generate real time, information intensive communications from customers, and provide an essential connection to their systems of record, which are typically large scale, rigid enterprise applications and repositories not easily adapted to more contemporary technology. Success in the First Mile can dramatically improve an organization's customer experience and greatly reduce operating costs, thus driving increased competitiveness, growth and profitability. Kofax software and solutions provide a rapid return on investment to more than 20,000 customers in financial services, insurance, government, healthcare, business process outsourcing and other markets. Kofax delivers these through its own sales and service organization, and a global network of more than 800 authorized partners in more than 75 countries throughout the Americas, EMEA and Asia Pacific. For more information, visit kofax.com.

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Source: KOFAX

This information is provided by RNS

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