AVEVA Group PLC Completion of Acquisition of OSIsoft, LLC (8400S)
March 19 2021 - 3:00AM
UK Regulatory
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RNS Number : 8400S
AVEVA Group PLC
19 March 2021
AVEVA GROUP PLC ('AVEVA' or 'the Company')
Completion of Acquisition of OSIsoft, LLC ('OSIsoft')
AVEVA, a global leader in engineering and industrial software,
announces that the successful completion of the acquisition of
OSIsoft took place today ('Completion'). The acquisition enhances
AVEVA's ability to accelerate the digital transformation of the
industrial world.
In connection with Completion, 13,655,570 ordinary shares of 3
(5) /(9) pence each in the capital of the Company (the
'Consideration Shares') were allotted and issued to Estudillo
Holdings LLC ('Estudillo') subject only to admission of the
Consideration Shares to the premium listing segment of the Official
List of the FCA and to trading on the London Stock Exchange's main
market for listed securities ('Admission').
Admission is expected to occur at 8.00 a.m. (GMT) on Monday, 22
March 2021. Following the allotment and issuance of the
Consideration Shares, Estudillo, a company majority owned by Dr. J.
Patrick Kennedy and his family, will hold a 4.5% shareholding in
AVEVA.
Enquiries:
AVEVA Group plc
Matt Springett (Head of Investor Relations)
Tel: +44 7789 818 684
FTI Consulting LLP
PR Adviser to AVEVA
Edward Bridges
Dwight Burden
Tel: +44 20 3727 1017
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