DGAP-Adhoc
IBS Group Holding Limited: IBS Group Holding proposes a revision of the Exchange Ratio and timetable of the Scheme of Arrangement relating to an exchange of shares and GDRs in IBS Group Holding for shares in Luxoft Holding, Inc. - Seite 2
Ratio"). Meetings to consider, and if thought fit, approve the Scheme (the
"Court Meeting") and associated matters (the "General Meeting") were to be
held on September 15, 2014.
IBS Group Holding now announces that:
(a) the Court of the Isle of Man has agreed to adjourn the Court Meeting
to a later date;
(b) the General Meeting will be held only for the purpose of adjourning the
meeting to reflect the adjournment of the Court Meeting;
(c) the Exchange Ratio will be amended such that, for each Scheme Security
cancelled, holders of Scheme Securities will receive 0.95 shares in the
capital of Luxoft Holding, Inc.; and
(d) a revised circular and associated prospectus (following its approval by
the BaFin) will be published in due course, pursuant to which an adjourned
Court Meeting and the General Meeting will be convened, which documents
will reflect the revised Exchange Ratio and an updated timetable of
expected events.
IBS Group Holding has received indications from holders of the Scheme
Securities, representing approximately 70% of the votes to be cast on the
Scheme, that they intend to vote in favor of the Scheme, including from
Fidelity Worldwide Investment, Genesis and Sberbank Asset Management.
About IBS Group Holding Limited
IBS Group Holding is a leading software development and IT services
provider in Central and Eastern Europe. Through its two principal
subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of
information technology services, such as software development and IT
services outsourcing, IT infrastructure and business applications
implementation. IBS Group Holding has business operations in Russia,
Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam
and Singapore. IBS Group Holding's Global Depositary Receipts are listed on
the Regulated Market (General Standard) at the Frankfurt Stock Exchange
(Bloomberg: IBSG:GR; Reuters: IBSGq.F)
About Luxoft Holding, Inc
Luxoft is a leading provider of software development services and
innovative IT solutions to a global client base consisting primarily of
large, multinational corporations. Luxoft's services consist of core and
mission critical software development and support, product engineering and
testing, and technology consulting. Luxoft's solutions are based on its
proprietary products and platforms that directly impact clients' business
outcomes and efficiently deliver continuous innovation. Luxoft A Shares are
listed on the New York Stock Exchange (NYSE: LXFT US).
For more information about IBS Group Holding please visit
http://www.ibsgr.com or contact
Investor Relations:
to a later date;
(b) the General Meeting will be held only for the purpose of adjourning the
meeting to reflect the adjournment of the Court Meeting;
(c) the Exchange Ratio will be amended such that, for each Scheme Security
cancelled, holders of Scheme Securities will receive 0.95 shares in the
capital of Luxoft Holding, Inc.; and
(d) a revised circular and associated prospectus (following its approval by
the BaFin) will be published in due course, pursuant to which an adjourned
Court Meeting and the General Meeting will be convened, which documents
will reflect the revised Exchange Ratio and an updated timetable of
expected events.
IBS Group Holding has received indications from holders of the Scheme
Securities, representing approximately 70% of the votes to be cast on the
Scheme, that they intend to vote in favor of the Scheme, including from
Fidelity Worldwide Investment, Genesis and Sberbank Asset Management.
About IBS Group Holding Limited
IBS Group Holding is a leading software development and IT services
provider in Central and Eastern Europe. Through its two principal
subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of
information technology services, such as software development and IT
services outsourcing, IT infrastructure and business applications
implementation. IBS Group Holding has business operations in Russia,
Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam
and Singapore. IBS Group Holding's Global Depositary Receipts are listed on
the Regulated Market (General Standard) at the Frankfurt Stock Exchange
(Bloomberg: IBSG:GR; Reuters: IBSGq.F)
About Luxoft Holding, Inc
Luxoft is a leading provider of software development services and
innovative IT solutions to a global client base consisting primarily of
large, multinational corporations. Luxoft's services consist of core and
mission critical software development and support, product engineering and
testing, and technology consulting. Luxoft's solutions are based on its
proprietary products and platforms that directly impact clients' business
outcomes and efficiently deliver continuous innovation. Luxoft A Shares are
listed on the New York Stock Exchange (NYSE: LXFT US).
For more information about IBS Group Holding please visit
http://www.ibsgr.com or contact
Investor Relations:
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