BEIJING, Jan. 5, 2011 /PRNewswire-Asia/ -- Camelot Information Systems Inc. ("Camelot" or the "Company") (NYSE: CIS), a leading domestic provider of enterprise application services and financial industry information technology services in China, has announced that a total of 8,234,236 American Depositary Shares ("ADSs") were sold in its follow-on public offering, which was completed in December 2010 with the full exercise of the over-allotment option. The offering consisted of 7,160,206 ADSs offered by certain pre-IPO investors and 1,074,030 ADSs offered by Camelot pursuant to the fully exercised over-allotment option at the offering price of US$19.50 per ADS. Camelot received net proceeds of approximately US$19.9 million. Immediately following the completion of the offering and exercise of the over-allotment option, the Company had a total of 179,610,128 ordinary shares outstanding. Each ADS represents four ordinary shares of the Company. If the Company's outstanding ordinary shares were fully converted into ADSs, the Company would have 44,902,532 ADSs outstanding.
Goldman Sachs (Asia) L.L.C. and Barclays Capital acted as Joint Bookrunners for the offering. William Blair & Company, Cowen and Company and Oppenheimer & Co. acted as Co-Managers.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on December 9, 2010. A copy of the prospectus related to this offering may be obtained by contacting Goldman Sachs at Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone (212) 902-1171, or by e-mailing Prospectus-NY@ny.email.gs.com or by contacting Barclays Capital at Barclays Capital Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone (888) 603-5847, or by e-mailing Barclaysprospectus@broadridge.com. This press release shall not constitute an offer to sell, or a solicitation of an offer to buy, the securities described herein, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Camelot Information Systems Inc.
Camelot is a leading domestic provider of enterprise application services and financial industry information technology ("IT") services in China, focusing on the high end of the IT value chain. The Company is the largest domestic provider of SAP-based Enterprise Resource Planning services in China as measured by 2009 revenue and by number of SAP consultants as of December 31, 2009. Camelot also operates in other areas of the Asia Pacific region, including Taiwan and Japan. The Company provides services to a wide range of industries, including financial services, resources and energy, manufacturing and automobile, technology, as well as telecommunication, media and education. For more information about Camelot Information Systems Inc., please visit www.camelotchina.com
Contacts:
Camelot Information Systems Inc.
Gordon Lau, Chief Financial Officer
Tel: +86 10 5810 0808
Email: investors@camelotchina.com
Camelot Information Systems Inc.
Jojo Guo, Investor Relations Manager
Tel: +86 10 5810 0870
Email: investors@camelotchina.com
Investor Relations (Hong Kong)
Mahmoud Siddig
Taylor Rafferty
Tel: +852 3196 3712
Email: camelot@taylor-rafferty.com
Investor Relations (US)
Kelly Gawlik
Taylor Rafferty
Tel: +1 212 889 4350
Email: camelot@taylor-rafferty.com
Source: Camelot Information Systems Inc.
