Alle Storys
Folgen
Keine Story von Satyam Computer Services Ltd. mehr verpassen.

Satyam Computer Services Ltd.

Satyam Lists on Euronext Amsterdam

Amsterdam (ots/PRNewswire)

  • Move Reflects Satyam's Growing European Footprint
  • Euronext Amsterdam Ticker Symbol is SAYE
Satyam Computer Services Ltd. (NYSE:SAY), a leading business and
information technology services provider, today announced that it has
listed its American Depositary Shares (ADSs) on Euronext Amsterdam,
which is part of NYSE Euronext. The listing and trading of the ADSs
on Euronext Amsterdam commenced today at 12:30 p.m. CET. Satyam's
ADSs are also listed on the NYSE. The secondary listing of ADSs on
Euronext Amsterdam reflects Satyam's growing customer base, as well
as its expanding pool of investors, in Europe. It also enables Satyam
to "globalize" its ADSs.
"Listing with Euronext Amsterdam will provide numerous benefits to
the exchange's customers, and to Satyam's investors," said Satyam
Chairman Ramalinga Raju. "In addition to making investing in Satyam
easier, it enables extended trading. That is, investors can purchase
ADSs on Euronext Amsterdam and sell them on the NYSE the same day."
"We are proud to join the other high-profile European
organizations on Euronext, several of which are Satyam clients," Raju
added. "It demonstrates Satyam's commitment to helping European
companies use IT and enhanced business processes to solve complex
business problems."
The listing makes Satyam the first company to be listed on each of
the NYSE, Euronext Amsterdam and India's National Stock Exchange
(NSE). NYSE owns a 5 percent stake in the NSE. Yesterday, Satyam
became the first NSE-listed organization to be honored with the
opening bell-ringing duties in 2008. Further, Satyam is the first
global company to use the AFM's Fast Path application-an expedited
method-to cross-list on Euronext Amsterdam.
Reporting requirements for investors
Pursuant to the Dutch Financial Markets Supervision Act (FMSA),
each person who knows or reasonably should know that his or her
holding of voting rights and/or interest in Satyam's equity shares
(including ADSs) directly or indirectly equal 5% or more at the time
of the admission of Satyam's ADSs to listing and trading on Euronext
Amsterdam (i.e. on the date hereof) must without delay notify the
Netherlands Authority for the Financial Markets (AFM) by means of a
notification form prescribed by the AFM.
After the admission of Satyam's ADSs to listing and trading on
Euronext Amsterdam (i.e. on or after the date hereof), any person who
directly or indirectly acquires or disposes of an interest in
Satyam's equity shares (including ADSs) or voting rights and that
person knows or should reasonably know that, as a result of such
acquisition or disposal, such person's interest in Satyam's equity
shares (including ADSs) or voting rights directly or indirectly
meets, exceeds or falls below certain statutory thresholds, must
without delay notify the AFM by means of a notification form
prescribed by the AFM. The relevant thresholds are: 5%, 10%, 15%,
20%, 25%, 30%, 40%, 50%, 60%, 75% and 95%.
In order to make sure that investors can accurately calculate
their interest, Satyam is required to report to the AFM certain
changes in Satyam's issued capital and votes. The AFM publishes the
reported changes on its website. Any investor whose direct or
indirect interest in Satyam's equity shares (including ADSs) or
voting rights meets, exceeds or falls below the thresholds referred
to above as a result of a change in Satyam's share capital or voting
rights must notify the AFM no later than the fourth trading day after
the AFM has published such change on its website.
Any person who does not comply with the AFM reporting requirements
could be subject to administrative and criminal sanctions for
intentional disregard of obligation and third parties may request
that certain of such shareholder's rights be suspended.
The notifications with the AFM may be made electronically via the
AFM's internet portal to which access may be obtained through the
AFM's website at https://www.loket.afm.nl/loket/en-GB/default2.aspx.
Alternatively, the shareholders may notify the AFM by completing the
appropriate notification form available on the AFM's website
(http://www.afm.nl/corporate/default.ashx?DocumentId=9572) and
sending the form by fax and regular mail to the AFM.
About Satyam
Satyam (NYSE: SAY), a leading global business and information
technology services company, delivers consulting, systems
integration, and outsourcing solutions to clients in 20(i) industries
and 61(i) countries.
Satyam leverages deep industry and functional expertise, leading
technology practices, and an advanced, global delivery model to help
clients transform their highest-value business processes and improve
their business performance. The company's 49,199(i) professionals
excel in engineering and product development, supply chain
management, client relationship management, business process quality,
business intelligence, enterprise integration, and infrastructure
management, among other key capabilities.
Satyam development and delivery centers in the US, Canada, Brazil,
the UK, Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and
Australia serve 630(i) clients, including more than one third of the
Fortune 500. For more information, see http://www.satyam.com.
(i) As of Dec. 31, 2007
Safe Harbor
This press release contains forward-looking statements within the
meaning of section 27A of Securities Act of 1933, as amended, and
section 21E of the Securities Exchange Act of 1934, as amended. The
forward-looking statements contained herein are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those reflected in the forward-looking statements.
Satyam undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with our business, please
see the discussions under the heading "Risk Factors" in our report on
Form 6-K concerning the quarter ended September 30, 2007, furnished
to the United States Securities and Exchange Commission on October
31, 2007 and the other reports filed with the United States
Securities and Exchange Commission from time to time. These filings
are available at http://www.sec.gov.
This announcement is not an offer of securities for sale in the
United States. Securities may not be offered or sold in the United
States absent registration or an exemption from registration. Any
public offering of securities to be made in the United States will be
made by means of a prospectus that may be obtained from Satyam and
that will contain detailed information about Satyam and its
management, as well as financial statements.

Contact:

Satyam Contacts: For clarifications, write to us at
MediaRelations@Satyam.com or contact our global PR representatives
at: India: Vishwesh Iyer, vishweshiyers@ogilvy.com,
+91-(0)22-44344086, +91-(0)9820053697; US: Siobhan Aalders,
Siobhan.Aalders@ogilvypr.com, +1-212-880-5341, +1-347-387-0733; UK:
Clare Gibbins, clare.gibbins@uk.ogilvypr.com, +44-20-7309-1037;
Europe: Priti Thakker, priti_thakker@satyam.com, +44-77173-45581;
Asia-Pacific: Reshma Wad Jain, Reshma@wer1.net, +65-6737-4844,
+65-981-40507; Dan Bleakman, dan@howorth.com.au, +61-2-8281-3823

Weitere Storys: Satyam Computer Services Ltd.
Weitere Storys: Satyam Computer Services Ltd.
  • 21.01.2008 – 11:07

    Satyam Acquires Bridge Strategy Group

    Hyderabad, India (ots/PRNewswire) - - Chicago-Based Management Consulting Firm Strengthens Company's High-End Business Services Satyam Computer Services Ltd. (NYSE:SAY), a leading business and information technology services provider, today announced that it has entered into a definitive agreement to acquire Bridge Strategy Group, a Chicago, Ill.-based management consulting firm. In making the $35 million, ...

  • 21.01.2008 – 10:55

    Satyam Posts 32% Year-Over-Year Revenue Growth; Revises Guidance Upwards

    Hyderabad, India (ots/PRNewswire) - - FY2008 Revenue Now Estimated at US$2.1 Billion Satyam Computer Services Ltd. (NYSE:SAY), a leading business and information technology services provider, today announced the results of the company for the quarter ended December 31, 2007 (Q3). Consolidated Indian GAAP Highlights - Revenue was Rs. 2195.56 crore; a ...