NEW YORK; March 19, 2002 – Accenture Ltd (NYSE: ACN) announced today that it filed a registration statement with the Securities and Exchange Commission relating to a proposed Primary and Secondary public offering of 100 million of its Class A common shares. Accenture will offer approximately 10.2 million newly issued shares, and certain partners and former partners of Accenture will offer approximately 89.8 million shares.
Accenture has granted to the underwriters an option for a period of 30 days to purchase from Accenture up to an aggregate of 15 million Class A common shares to cover overallotments, if any.
The shares will be offered by an underwriting syndicate led by joint book runners Goldman, Sachs & Co. and Morgan Stanley.
Joe W. Forehand, Accenture Chairman and CEO, said, "This offering is part of a systematic, long-term program intended to achieve a more liquid and orderly market for the company’s shares. We are confident that it will meet the needs of our shareholders."
Accenture is the world’s leading management consulting and technology services organization. Through its network of businesses approach -- in which the company enhances its consulting and outsourcing expertise through alliances, affiliated companies and other capabilities -- Accenture delivers innovations that help clients across all industries quickly realize their visions. With more than 75,000 people in 47 countries, the company generated net revenues of $11.44 billion for the fiscal year ended August 31, 2001. Its home page is www.accenture.com.
A registration statement relating to the offering has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This 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.
This announcement appears as a matter of record only and should not be taken as an inducement or solicitation to subscribe for any shares.