NEW YORK; Sept. 17, 2003–Accenture (NYSE: ACN) today announced that, as part of its previously announced share management program, it intends to move forward with a public offering of 82.0 million of its Class A common shares. Accenture will offer approximately 57.3 million newly issued shares in the offering, and certain Accenture partners, former partners, and their permitted transferees will offer approximately 24.7 million shares.
Accenture intends to use the proceeds from its sale of newly issued shares to acquire or redeem a comparable number of Accenture SCA Class I common shares and Accenture Canada Holdings exchangeable shares held by current partners, former partners, and their permitted transferees promptly after the conclusion of the offering. Accenture does not intend to retain any proceeds it raises through the offering for operating purposes, and the offering is not intended to increase the number of fully diluted shares outstanding.
Accenture has granted to the underwriters an option for a period of 30 days to purchase from Accenture up to an aggregate of 12.3 million Class A common shares to cover overallotments, if any. Any proceeds received by Accenture from the exercise of this option will be used to acquire or redeem additional Class A common shares, Accenture SCA Class I common shares and Accenture Canada Holdings exchangeable shares.
The shares will be offered by an underwriting syndicate led by Morgan Stanley. Copies of the prospectus supplement and prospectus related to the offering may be obtained from Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, NY 10036. The offering is made only by means of the prospectus and related prospectus supplement.
Accenture is a global management consulting, technology services and outsourcing company. Committed to delivering innovation, Accenture collaborates with its clients to help them become high-performance businesses and governments. With deep industry and business process expertise, broad global resources and a proven track record, Accenture can mobilize the right people, skills, and technologies to help clients improve their performance. With more than 80,000 people in 47 countries, the company generated net revenues of US$11.6 billion for the fiscal year ended August 31, 2002. Its home page is www.accenture.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state or other 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.