DENVER, Dec. 6, 2019 /PRNewswire/ -- TTEC
Holdings, Inc. (NASDAQ: TTEC) ("TTEC" or the "Company")
announced today the pricing of an underwritten secondary offering
of 3,000,000 shares of TTEC's common stock at $36.50 per share by a selling stockholder,
Kenneth D. Tuchman, Chairman and CEO
of TTEC. The offering is expected to close on or about December 10, 2019, subject to the satisfaction of
customary closing conditions. In connection with the
offering, the selling stockholder has granted the underwriters an
option, exercisable for thirty (30) days after December 5, 2019, to purchase up to 450,000
additional shares of common stock, at the public offering price,
less underwriting discounts, from the selling stockholder.
TTEC did not offer any shares of common stock in the offering
and will not receive any proceeds from the sale of shares in the
offering.
BofA Securities and Morgan Stanley & Co. are acting as joint
book running managers for the offering. Cowen and Company,
LLC, Craig-Hallum Capital Group LLC and William Blair & Company, L.L.C. are also
acting as book runners, with Northland Securities, Inc. and HSBC
Securities (USA), Inc. acting as
co-managers.
The offering of these securities is being made pursuant to an
effective registration statement filed with the Securities and
Exchange Commission (the "SEC") and only by means of a prospectus
and prospectus supplement. Investors may obtain these
documents for free by visiting EDGAR on the SEC's website at
www.sec.gov. Alternatively, copies of the prospectus and
prospectus supplement, when available, may be obtained by
contacting: BofA Securities, Attention: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by email at
dg.prospectus_requests@bofa.com; or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, New York 10014.
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.
About TTEC
TTEC Holdings, Inc. (NASDAQ: TTEC) is a leading global customer
experience technology and services company focused on the design,
implementation and delivery of transformative customer experience
for many of the world's most iconic and disruptive brands. The
Company delivers outcome-based customer engagement solutions
through TTEC Digital, its digital consultancy that designs and
builds human centric, tech-enabled, insight-driven customer
experience solutions for clients and TTEC Engage, its delivery
center of excellence, that operates customer acquisition, care,
fraud prevention and detection, and content moderation services.
Founded in 1982, the Company's 48,500 employees operate on six
continents across the globe and live by a set of customer-focused
values that guide relationships with clients, their customers, and
each other.
Special Note About Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), Section 21E of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), and the
Private Securities Litigation Reform Act of 1995, relating to our
operations, expected financial, results of operation, and other
business matters that are based on our current expectations,
assumptions, and projections with respect to future, and are not a
guarantee of performance. Forward-looking statements include, but
are not limited to, statements related to TTEC's current
expectations regarding the performance of its business, financial
results, liquidity and capital resources, the effects of
competition and the effects of future legislation or regulations
and other non-historical statements. Forward-looking statements
include all statements that are not historical facts and, in some
cases, can be identified by the use of forward-looking terminology
such as the words "outlook," "believes," "expects," "potential,"
"continues," "may," "will," "should," "could," "seeks," "projects,"
"predicts," "intends," "plans," "estimates," "anticipates" or the
negative version of these words or other comparable words.
Forward-looking statements involve risks, uncertainties and
assumptions. Actual results may differ materially from those
expressed in these forward-looking statements. You should not put
undue reliance on any forward-looking statements in this press
release. Additional factors that could cause TTEC's results to
differ materially from those described in the forward-looking
statements can be found under the sections entitled "Cautionary
Note About Forward-Looking Statements," "Risk Factors" and
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" (or similar captions) in TTEC's Annual
Report on Form 10-K for the year ended December 31, 2018 and TTEC's prospectus
supplement related to the offering, filed with the SEC, as such
factors may be updated from time to time in TTEC's periodic reports
or other filings with the SEC, which are accessible on the SEC's
website at www.sec.gov. Forward-looking statements speak only as of
the date on which they are made and TTEC undertakes no obligation
to update or revise publicly any guidance or other forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as required by law.
For more information, contact:
Paul Miller
Investor Relations Officer
303-397-8641
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SOURCE TTEC Holdings, Inc.