| Ticker: SLCTY | Westmoreland House, 80-86 Bath Road | |
| Exchange: NASDAQ-National Market | Cheltenham, Foreign GL53 7JT | |
| Industry: High-Tech |
| Type of Shares: | American Depositary Receipts | Filing Date: | 7/5/96 | |
| U.S. Shares: | 3,500,000 | Offer Date: | 10/1/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 1,900,000 | Offer Price: | $14.00 | |
| Secondary Shares: | 1,600,000 | Gross Spread: | $0.98 | |
| Offering Amount: | $38,500,000 | Selling: | $0.56 | |
| Expenses: | $1,500,000 | Reallowance: | $0.10 | |
| Shares Out After: | 10,066,300 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Hambrecht & Quist Incorporated | Co-manager | (415) 576-3423 |
| SoundView Financial Group, Inc. | Co-manager | (203) 462-7200 |
| Auditor: Grant Thornton | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 6/30/96 | 6/30/95 | 6/30/96 | ||
| Revenue: | $5.73 | $5.91 | $2.54 | Assets: | $6.16 |
| Net Income: | -$2.99 | $0.13 | -$1.45 | Liabilities: | $7.21 |
| EPS: | -$0.35 | $0.01 | -$0.17 | Equity: | -$1.05 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company manufactures, develops, markets and supports object oriented modeling tools for client/server applications. The company's principal product, SELECT Enterprise, supports the application development life-cycle by integrating high level business process modeling capabilities with object modeling and code generation capabilities. In combination with high-end client/server programming environments and languages such as Forte, Microsoft Visual Basic and C++, SELECT Enterprise enables customers to more rapidly build flexible and scaleable business applications at lower cost and lower risk of developmental failure. Companies are seeking to streamline their operational processes, such as customer order handling, financial performance reporting and inventory management, through the development of highly complex, customized software applications. |
| Use of Proceeds |
| Proceeds from the proposed offering will be used to repay indebtedness and redeem preference shares and for working capital and general corporate purposes. |
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