TRINTECH GROUP PLC ANNOUNCES THAT THE ACQUISITION OF THE COMPANY BY SPECTRUM EQUITY INVESTORS IS NOW EFFECTIVE
Dublin, Ireland/Dallas, US - January 4, 2011
Further to recent
announcements, Trintech Group plc (NASDAQ: TTPA) (the Company) confirms that its acquisition by Spectrum Equity Investors
(acting through Cerasus II Limited) at a price of $6.60 per Trintech ADS (or
$3.30 per Trintech Ordinary Share) is now effective following the filing on 31
December 2010 of the court order sanctioning the Scheme of Arrangement and the
related reduction of capital with the Registrar of Companies in Dublin, Ireland.
The cancellation
of the listing of Trintech ADSs on NASDAQ occurred with effect prior to the
opening of trading on NASDAQ on 31 December 2010.
Trintech Ordinary Shareholders
shall receive the Consideration payable to them within 14 days of 31 December
2010. Trintech ADS Holders are required to follow the instructions in the
Scheme Circular with regard to the surrender of their Trintech ADSs. For further
information, please contact Trintech’s Depositary and information agent, the
Bank of New York Mellon at Depositary Receipts Division, 101 Barclay St., 22nd
Floor, New York, NY 10286, United States (1.866.353.4787 if calling within the
United States and +1.866.353.4787 if calling from outside the United States).
Forward Looking
Statements
This document
contains “forward looking statements” within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Any “forward looking statements” in this document are
subject to certain risks and uncertainties that could cause actual results to
differ materially from those stated.
About Trintech Group
Trintech Group Plc is a
leading global provider of integrated financial governance, risk management,
and compliance (GRC) software solutions for commercial, financial, and healthcare
markets. Trintech's recognised expertise in reconciliation process management,
financial data aggregation, revenue and cost cycle management, financial close,
reporting, risk management, and compliance enables customers to gain greater
visibility and control of their critical financial processes leading to better
overall business performance.
For more information on how
Trintech can help you increase confidence in business performance and reduce
financial risk, please contact us online at www.trintech.com or at our
principal business office in Addison, Texas, or through an international office
in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas
Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802 Trintech UK Ltd. • 2nd
Floor, 4-6 Throgmorton Ave. • London EC2N2DL, UK • Tel +44 (0) 20 7628
5235 Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18,
Ireland • Tel +353 1 293 9840 Trintech • Cypresbaan 9 • 2908 LT Capelle a/d
Ijssel, The Netherlands • Tel +31 (0) 10 8507 474
The Directors of Trintech
Group PLC accept responsibility for the information contained in this
announcement. To the best of their knowledge and belief (having taken all
reasonable care to ensure such is the case), the information contained in this
announcement is in accordance with the facts and does not omit anything likely
to affect the import of such information.
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Trintech Press Contact:
Dallas: Dave Tomlinson - Director, Marketing
Tel. +1 972 739-1611.
Email: dave.tomlinson@www.trintech.com
This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange
Published Tuesday, January 4th, 2011 and filed under Corporate
