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2015-10-13

DOCDATA N.V.: DOCDATA N.V. and Ingram Micro reach agreement on the sale of the e-commerce service company Docdata to Ingram Micro

Transaction highlights

* DOCDATA N.V. ("DOCDATA") and Ingram Micro have reached conditional
agreement on the sale of the e-commerce service company Docdata ("Docdata"
or the "Company"), comprising 100% of the issued share capital of DOCdata
Nederland B.V. and DOCdata International B.V. Upon consummation of the
transaction, Docdata will become a part of Ingram Micro's Commerce and
Fulfillment Solutions business
* The agreement values the Company at an Enterprise Value ("EV") of EUR 155
million, representing an EV / EBITDA 2014 multiple of 9.7x and EV / 2015H1
LTM EBITDA multiple of 9.5x
* DOCDATA intends to distribute an amount of EUR 147 million / EUR 21 per
share to DOCDATA's shareholders through a dividend, subject to withholding
taxes
* The remainder of the sale proceeds will be reserved to unwind DOCDATA's
holding activities, to cover the expenses for the transaction and the
termination and settlement of the performance share plan and to provide IAI
and FEHA with enough liquidity for the coming period
* Ingram Micro will finance the proposed transaction with cash from its own
available resources
* The transaction requires the approval of DOCDATA's general meeting of
shareholders ("EGM"), which is currently envisaged to be held in December
2015
* The Management Board and Supervisory Board of DOCDATA intend to fully
support the proposed transaction and unanimously recommend its shareholders
to vote in favour of the approval of the proposed transaction at the EGM
* Shareholders representing 63.9% of DOCDATA's issued share capital, have
irrevocably undertaken to vote in favour of the proposed transaction at the
EGM
* DOCDATA intends to settle all outstanding awarded Performance Shares it has
issued under its Performance Share Plan, subject to completion of the
proposed transaction

Please click the link below for the full press release

Press release 13 October 2015
http://hugin.info/161129/R/1958122/713765.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DOCDATA N.V. via Globenewswire

HUG#1958122

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