Jennifer Childress
770-776-2239
jchildress@jacada.com
Press Release
Jacada Announces Final Results of Tender Offer
Company to Purchase 3,851,104 of its Ordinary Shares at $4.00 per Share
Atlanta, September 19, 2008, Jacada Ltd. (Nasdaq: JCDA) a leading provider of unified desktop and process optimization solutions for customer service operations, announced today the final results of its previously announced modified Dutch Auction tender offer, which expired at 5:00 p.m. Eastern time, on Monday, September 15, 2008.
In accordance with the terms and conditions of the tender offer, and based on the final tabulation by American Stock Transfer & Trust Company and Clal Finance Batucha Investment Management Ltd., the depositaries for the tender offer, an aggregate of 3,851,104 ordinary shares were properly tendered and not properly withdrawn at a price of $4.00 per share. The Company has accepted for purchase 3,851,104 of its ordinary shares at a price of $4.00 per share, for a total cost of $15,404,416 (excluding fees and expenses relating to the tender offer).
Based on the final tabulation by the depositaries, the number of shares the Company has accepted for purchase in the tender offer represents approximately 18.46% of its outstanding ordinary shares as of August 13, 2008, the last full trading day prior to the commencement of the tender offer. The depositaries will promptly pay for the shares accepted for purchase in the tender offer. After giving effect to the purchase of the shares, the Company will have approximately 17,006,994 ordinary shares outstanding.
MacKenzie Partners, Inc. is acting as the information agent for the tender offer. Questions and requests for information about the tender offer should be directed to MacKenzie Partners, Inc., at (212) 929-5500 (Call Collect) or Toll-Free (800) 322-2885.
Forward-Looking Statements
This news release may contain forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the performance and continued acceptance of our products, general economic conditions and other Risk Factors specifically identified in our reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made. Jacada is a trademark of Jacada Inc. All other brands or product names are trademarks of their respective owners.
Jacada is a trademark of Jacada Ltd. All other brands or product names are trademarks of their respective owners.
CONTACT:
Tzvia Broida
Chief Financial Officer
Jacada
972 9 9525927
Tzvia@jacada.com
Or
Peter Seltzberg
Hayden Communications
(646) 415-8972
peter@haydenir.com
