Constellation Software Inc. Provides Update in Connection with Proposed Topicus.com Spin Out and Previously Declared Conditio...
November 17 2020 - 7:17AM
On October 20, 2020, Constellation announced that it had resolved
to pay a special dividend of Topicus.com shares, conditional upon
receipt by Constellation of such spin-out shares by November 17th.
That condition will not be satisfied on or prior to November 17,
2020, and therefore the previously declared conditional dividend
will not be paid. Constellation will continue to work toward a
public listing of the shares of Topicus.com, and expects that the
Topicus.com shares will be distributed to Constellation's
shareholders at a later date. The new record date and payment date
for such special dividend will be determined and announced at the
appropriate time.
Forward Looking Statements
Certain statements herein may be “forward
looking” statements that involve known and unknown risks,
uncertainties and other factors that may cause the actual events to
be materially different from any future events expressed or implied
by such forward -looking statements. Words such as “may”, “will”,
“expect”, “believe”, “plan”, “intend”, “should”, “anticipate” and
other similar terminology are intended to identify forward looking
statements. Forward looking statements in this press release
include, but are not limited to, the intention to declare and pay a
special dividend-in-kind of Topicus.com shares. Such forward
looking statements involve significant risks and uncertainties,
should not be read as guarantees of future results, and will not
necessarily be accurate indications of whether or not such results
will be achieved, or when such results will be achieved. A number
of factors could cause actual results to vary significantly from
the results discussed in the forward looking statements. These
forward looking statements reflect current assumptions and
expectations regarding future events and are made as of the date
hereof and Constellation assumes no obligation, except as required
by law, to update any forward looking statements to reflect new
events or circumstances.
About Total Specific
Solutions
TSS is one of Constellation’s six Operating
Group companies, based in the Netherlands and solely focused on the
European vertical market software industry.
About Topicus
Topicus is a Netherlands based leader in
building and running smart vertical market software since 2001.
Their focus is on innovation through vertical market integration.
Topicus connects organizations, professionals and end users within
and across the vertical markets of education, healthcare,
municipalities and financial services.
About Constellation Software
Inc.
Constellation acquires, manages and builds
vertical market software businesses that provide mission-critical
software solutions.
For further information, contact:
Constellation Software Inc. Jamal Baksh, Chief
Financial Officer Tel: (416) 861-2279 jbaksh@csisoftware.com
www.csisoftware.com
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