QUOTIUM TECHNOLOGIES
PRESS RELEASE OF JULY 20, 2012

QUOTIUM TECHNOLOGIES announces the availability of the prospectus in relation  with reserved issuance of bonds convertible in shares (ORA) approved under n°12-369 by the Autorité des marchés financiers in July 19, 2012.

Provision of the report of the independent expert

Courbevoie July 20, 2012 - Quotium intends to issue bonds convertible in shares, to be subscribed by the shareholders of Seeker Security Ltd in compensation for the debt representing the selling price of their shares to Quotium.

Quotium is announcing today the availability to the public of a prospectus on the occasion of its project of the reserved issuance of 572 079 ORA divided into two installments:

  • 390 516 ORA (ORA I), reserved to all existing shareholders of Seeker Security Ltd, redeemable on January 2, 2014 with the option of early repayment on the initiative of QUOTIUM; 

  •  181 563 ORA (ORA II), reserved to the three shareholders and founders of Seeker Security Ltd, depending on the achievement of certain objectives, redeemable may 2, 2015, or no later than May 2, 2016 with the option of early repayment on the initiative of QUOTIUM. 

Admission of ORA I and ORA II would not be required in a regulated market

The nominal amount of the issuance of ORA I and ORA II would be of 6 384 401,64 euros. The interests due under these ORA would be capitalized at the annual rate of 2% and payable exclusively by shares delivery upon redemption of ORA I and ORA II.

The subscription period for these ORA would elapse from August 7 to August 31, 2012

This project of reserved issuance of ORA will be submitted for approval of the general meeting of shareholders of QUOTIUM on August 6, 2012, called upon to delegate full power to the Board of Directors to meet on August 7, 2012 to decide on the effective issuance of ORA.

The prospectus which consists in:

  • the reference document of Quotium Technologies (the"Company") filed with the Autorité des Marchés Financiers (AMF) on may 31, 2012, under n° D12-0561 ("Reference Document"); 

  • the update of the 2011 reference document filed with the Autorité des Marchés financiers (AMF) on July 18 , 2012 under n°D.12-0561-A01; 

  • the  Operation Note (Operation Note); and 

  • the summary of the prospectus (included in  the Operation Note) 

has received the AMF approval under n°12-369 on July 19, 2012 and is available, free of charge, at the headquarter of QUOTIUM located 84/88 boulevard de la Mission Marchand in Courbevoie (92411), as well as on the websites of AMF (www.amf-france.org:
http://www.amf-france.org/) and of Quotium (www.quotium.com:
http://www.quotium.com/).  

Quotium would like to draw the public's attention to the sections relative to risk factors included in the Reference Document and in the Prospectus.

In addition, Quotium announces having made available to the public, the report prepared by the independent expert, appointed by the Board of Directors of Quotium.  The firm Horwath Audit France concludes to the fairness of the transaction reserved for the shareholders of Seeker Security Ltd. This report can be found in the Operation Note.

About QUOTIUM

Quotium Technologies is a French actor of software publishing, headquartered in Paris La Défense, with two subsidiaries in London and New York. Quotium is an expert in the management of business applications in terms of Security, Performance and Availability. Quotium's products are designed for major accounts among which we count 200 active references (including 15 from the CAC 40). The company is strongly oriented towards innovation with 50% of its staffing allocated to R&D.

QUOTIUM TECHNOLOGIES : Press release:
http://hugin.info/143547/R/1628365/521404.pdf



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: QUOTIUM TECHNOLOGIES via Thomson Reuters ONE

HUG#1628365