Autonomy Announces Public Offering of 2,200,000 Ordinary Shares
CAMBRIDGE, England, 8 May 2000 - Autonomy Corporation plc (NASDAQ: AUTN; EASDAQ: AUTN) today announced the public offering of 2,200,000 of its ordinary shares (in the form of shares or American Depository Shares) at a price of $124.00 per share or ADS. Of these shares, 880,000 were offered by Autonomy and 1,320,000 were offered on behalf of selling shareholders. Autonomy's ordinary shares are traded on EASDAQ, and its American Depository Shares will be traded on The Nasdaq National Market, under the symbol AUTN.
In connection with the offering, Autonomy and one of the selling shareholders have granted the underwriters a 30-day option to purchase up to 330,000 additional shares, in the form of shares or ADSs, on the same terms and conditions as those shares and ADSs sold in the offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the offered shares, nor shall there be any sale of the offered shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The offering will be made only by means of a prospectus.
Dominic Johnson, Marketing Director of Autonomy, said:
"The shares sold by Autonomy and the selling shareholders are offered by an underwriting group managed by Deutsche Banc Alex. Brown and Banc of America Securities, as well as Wit SoundView in the United States and Canada and Dresdner Kleinwort Benson outside the United States and Canada."
About Autonomy Corporation
Autonomy's technology powers large-scale, personalized systems for knowledge management, enterprise portals, new media publishing and electronic commerce. Because of its ability to analyze any piece of text (independent of the document's language) and identify and rank the main ideas, Autonomy can automate a broad range of otherwise labor-intensive tasks. These range from categorizing information by subject matter, to inserting hypertext links to related material, to profiling users based on the ideas in the text they read or write, to delivering information to those most likely to be interested.
Autonomy (NASDAQ: AUTN; EASDAQ: AUTN) was founded in 1996 and has offices in Boston, Chicago, Dallas, San Francisco, New York, and Washington, D.C. in the United States as well as offices in Amsterdam, Brussels, Cambridge, England, Frankfurt, Milan, Munich, Paris, Oslo Stockholm and Sydney. For further information please visit the company's website at www.autonomy.com.
Note:
With the exception of historical information, the statements set forth above include forward-looking statements that involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. The factors include, among others, dependence on core technology; limited operating history; fluctuations in quarterly results; dependence on new product development; rapid technological and market change; reliance on sales by others; management of growth; dependence on key personnel; rapid expansion; technology risks; volatility of stock price; growth of the Internet; financial risk management; and future growth subject to risks. These factors and other factors which could cause actual results to differ materially are also discussed in the company's filings with the United States Securities and Exchange Commission, including its recent filings on Form F-1.
For more information, please contact:
AUTONOMY CORPORATION plc
Dr Mike Lynch, Managing Director and CEO
Dominic Johnson, Marketing Director
01223 421220
FINANCIAL DYNAMICS (UK)
Edward Bridges/Alastair Hetherington
0207 831 3113
MORGEN-WALKE ASSOCIATES (US)
Gordon McCoun/Eric Boyriven (IR)
Brian Maddox/Brian Bailey (Media)
212 850 5600
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