9,500,000 of its ordinary shares at a price to the public of $33 per share in a follow-on offering
Dublin, Ireland and Boston, MA – July 25, 2013 – Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of fleet management solutions for commercial fleet vehicles delivered as software-as-a-service (SaaS), announced today the pricing of 9,500,000 of its ordinary shares at a price to the public of $33 per share in a follow-on offering. 1,000,000 shares sold in the offering were offered by the company, and 8,500,000 shares were offered by certain selling stockholders, including Fleetmatics Investor Holdings, L.P., the principal stockholder of the company, and certain of the company’s officers, including the chief executive officer. In addition, Fleetmatics Investor Holdings, L.P. granted the underwriters an option to purchase an additional 1,425,000 ordinary shares.
Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering. RBC Capital Markets, Stifel, William Blair and Pacific Crest Securities are acting as co-managers for the offering.
A registration statement related to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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.
The offering will be made only by means of a written prospectus forming part of the effective registration statement. Copies of the prospectus related to the offering, when available, may be obtained from Barclays, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by e-mail at firstname.lastname@example.org; or from BofA Merrill Lynch, Attention: Prospectus Department, 222 Broadway, New York, NY 10038, or by e-mail at email@example.com.
About Fleetmatics Group PLC
Fleetmatics Group PLC is a leading global provider of fleet management solutions for small and mid-sized businesses delivered as software-as-a-service (SaaS). Our solutions enable businesses to meet the challenges associated with managing local fleets, and improve the productivity of their mobile workforces, by extracting actionable business intelligence from real-time and historical vehicle and driver behavioral data.
Fleetmatics Group’s intuitive, cost-effective Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue. Fleetmatics serves more than 19,000 customers, tracking 388,000 vehicles worldwide.
Fleetmatics Group’s solutions are marketed both under the Fleetmatics and SageQuest brands.
ICR Inc. on behalf of Fleetmatics
Seth Potter, +1-646-277-1230
This press release was distributed by ResponseSource Press Release Wire on behalf of Technical Publicity in the following categories: Personal Finance, Public Sector, Third Sector & Legal, Transport & Logistics, for more information visit https://pressreleasewire.responsesource.com/about.