NEW YORK; April 28, 2004 – Accenture (NYSE: ACN) today announced that its primary and secondary offering of 50 million Class A common shares has been priced at $23.50 per share.
An underwriting syndicate led by Morgan Stanley, UBS Investment Bank and JPMorgan is offering Accenture’s shares. The co-managers for the offering are Credit Suisse First Boston; Goldman, Sachs & Co.; Merrill Lynch & Co.; Citigroup; SG Cowen & Co.; Banc of America Securities LLC; Wachovia Securities; Bear, Stearns & Co. Inc.; Needham & Company, Inc.; Legg Mason Wood Walker Incorporated; ABN AMRO Rothschild LLC; Robert W. Baird & Co.; and Scotia Capital. The underwriters have an option for a period of 30 days to purchase up to an additional 7.5 million Class A common shares to cover overallotments. 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 Inc. exchangeable 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 Inc. exchangeable shares held by current partners, former partners, and their permitted transferees promptly following the offering. Accenture does not intend to retain any proceeds raised through the offering for operating purposes, and the offering is not intended to increase the number of fully diluted shares outstanding.
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; UBS Investment Bank, 299 Park Avenue, New York, NY 10171; and JPMorgan, 1 Chase Manhattan Plaza, Floor 5B, New York, NY 10081.
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 approximately 90,000 people in 48 countries, the company generated net revenues of US$11.8 billion for the fiscal year ended Aug. 31, 2003. 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.