DUBLIN & BOSTON--(BUSINESS WIRE)--Jul. 25, 2013--
Fleetmatics Group PLC (NYSE: FLTX), a leading global provider of fleet
management solutions for commercial fleet vehicles delivered as
software-as-a-service (SaaS), announced today the pricing of 9,500,000
of its ordinary shares at a price to the public of $33 per share in a
follow-on offering. 1,000,000 shares sold in the offering were offered
by the company, and 8,500,000 shares were offered by certain selling
stockholders, including Fleetmatics Investor Holdings, L.P., the
principal stockholder of the company, and certain of the company’s
officers, including the chief executive officer. In addition,
Fleetmatics Investor Holdings, L.P. granted the underwriters an option
to purchase an additional 1,425,000 ordinary shares.
Barclays and BofA Merrill Lynch are acting as joint book-running
managers for the offering. RBC Capital Markets, Stifel, William Blair
and Pacific Crest Securities are acting as co-managers for the offering.
A registration statement related to these securities has been filed
with, and declared effective by, the Securities and Exchange Commission.
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
The offering will be made only by means of a written prospectus forming
part of the effective registration statement. Copies of the prospectus
related to the offering, when available, may be obtained from Barclays,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, by telephone at (888) 603-5847 or by e-mail at email@example.com;
or from BofA Merrill Lynch, Attention: Prospectus Department, 222
Broadway, New York, NY 10038, or by e-mail at firstname.lastname@example.org.
About Fleetmatics Group PLC
Fleetmatics Group PLC is a leading global provider of fleet management
solutions for small and mid-sized businesses delivered as
software-as-a-service (SaaS). Our solutions enable businesses to meet
the challenges associated with managing local fleets, and improve the
productivity of their mobile workforces, by extracting actionable
business intelligence from real-time and historical vehicle and driver
Fleetmatics Group’s intuitive, cost-effective Web-based solutions
provide fleet operators with visibility into vehicle location, fuel
usage, speed and mileage, and other insights into their mobile
workforce, enabling them to reduce operating and capital costs, as well
as increase revenue. Fleetmatics serves more than 19,000 customers,
tracking 388,000 vehicles worldwide.
Fleetmatics Group’s solutions are marketed both under the Fleetmatics
and SageQuest brands.
Source: Fleetmatics Group PLC
ICR Inc. on behalf of Fleetmatics