Kinaxis Inc.
TSX : KXS

November 25, 2014 07:44 ET

Kinaxis Inc. Announces C$46 Million Bought Deal Secondary Offering of Common Shares

TORONTO, ONTARIO--(Marketwired - Nov. 25, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

HarbourVest International Private Equity Partners III – Direct Fund L.P. ("HarbourVest"), TechnoCap I, L.P. ("TechnoCap") and Kinaxis Inc. (TSX:KXS) (the "Company") have announced today that HarbourVest, TechnoCap and the Company have entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and Canaccord Genuity Corp. (collectively the "Underwriters") to complete a secondary offering. Under the agreement, the Underwriters have agreed to purchase on bought deal basis 2.5 million common shares (the "Offered Shares"), at a price of C$18.35 per Offered Share for gross proceeds of C$45,875,000 (the "Offering"). 1,531,468 Offered Shares are being sold to the Underwriters by TechnoCap and 968,532 Offered Shares are being sold to the Underwriters by HarbourVest. The offering is expected to close on or about December 16, 2014 and is subject to a number of customary conditions, including receipt of all necessary regulatory approvals.

HarbourVest currently holds 3,022,339 common shares of the Company, representing approximately 12.8% of the issued and outstanding shares. Following the closing of the Offering, HarbourVest will hold 2,053,807 common shares, representing approximately 8.7% of the issued and outstanding shares of the Company.

TechnoCap currently holds 4,778,998 common shares of the Company representing approximately 20.2% of the issued and outstanding shares. Following the closing of the offering, TechnoCap will hold 3,247,530 common shares, representing approximately 13.8% of the issued and outstanding shares of the Company.

The net proceeds of the offering will be paid directly to HarbourVest and TechnoCap. The Company will not receive any proceeds from the offering.

The Offered Shares will be offered by way of a short form prospectus in all of the provinces and territories of Canada and may also be offered by way of private placement in the United States.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. 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 the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Forward-Looking Statements

Certain statements in this release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements as to the Offering. Actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Forward-looking statements are subject to certain assumptions, risks and uncertainties. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, the failure to receive any required approvals or consents in connection with the Offering, the failure of Kinaxis or the selling shareholders to satisfy the conditions of the Offering or otherwise close the Offering and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to Kinaixs and persons acting on its behalf. Readers are cautioned not to place undue reliance on such statements. Risk factors that may cause the actual results, performance, achievements or developments of Kinaxis to differ materially from the results, performance, achievements or developments expressed or implied by such statements can be found in the public documents filed by Kinaxis with Canadian securities regulatory authorities. Kinaxis assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.

About Kinaxis Inc.

Kinaxis is a leading provider of cloud-based subscription software that enables our customers to improve and accelerate analysis and decision-making across their supply chain operations. The supply chain planning and analytics capabilities of our product, RapidResponse, create the foundation for managing multiple, interconnected supply chain management processes. By using the single RapidResponse product instead of combining individual disparate software solutions, our customers gain visibility across their supply chains, can respond quickly to changing conditions, and ultimately realize significant operating efficiencies.

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