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SMART Technologies Files for Proposed Initial Public Offering

June 25, 2010 | Chris Payatagool
Stock to be listed on NASDAQ and TSX

SMART.jpgCalgary, Alberta, June 24, 2010 - SMART Technologies Inc., a global provider of interactive whiteboards, today announced that it has filed a registration statement with the Securities and Exchange Commission and a preliminary prospectus in each of the provinces and territories of Canada relating to a proposed initial public offering of its Class A Subordinate Voting Shares in the United States and Canada. The number of shares to be offered and the price range for the offering have not yet been determined. Upon completion of the offering, the Class A Subordinate Voting Shares will be dual listed,
trading under the symbol SMT on NASDAQ and SMA on the Toronto Stock Exchange.

Morgan Stanley, Deutsche Bank Securities and RBC Capital Markets will act as joint senior bookrunners for the offering.  BofA Merrill Lynch and Credit Suisse will act as junior bookrunners. CIBC, Cowen and Company, Piper Jaffray and Thomas Weisel Partners will act as co-managers.

A registration statement relating to these securities has been filed with
the Securities and Exchange Commission, but has not yet become effective.
These securities may not be sold, nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This media release
shall not constitute an offer to sell or the solicitation of an offer to
buy, nor may there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.

A preliminary prospectus containing important information relating to these
securities has been filed with securities commissions or similar authorities
in each of the jurisdictions of Canada. The preliminary prospectus is still
subject to completion or amendment. Copies of the Canadian preliminary
prospectus may be obtained from the underwriters at the addresses set out
below. There will not be any sale or any acceptance of an offer to buy the
securities until a receipt for the final prospectus has been issued.

The offering will be made only by means of a prospectus. When available, a
copy of the U.S. preliminary prospectus for the offering can be obtained
from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York, NY 10014 or telephone: 1.866.718.1649; from Deutsche
Bank Securities, Attention: Prospectus Department, 100 Plaza One, Jersey
City, NJ 07311 or telephone: 1.800.503.4611; or from RBC Capital Markets,
Attention: Prospectus Department, Three World Financial Center, 200 Vesey
Street, 8th Floor, New York, NY 10281-8098 or telephone 877.822.4089; and a
copy of the Canadian preliminary prospectus for the offering can be obtained
from www.sedar.com.

 
About SMART

Founded in 1987, SMART Technologies is a global provider of interactive
whiteboards and complementary solutions to education, business and
government sectors.


For more information, please contact:

 Media Contact:

Marina Geronazzo
Manager, Public Relations
SMART Technologies Inc.
Phone 1.403.407.5088
E-mail [email protected]

 

Investor Contact:

Seth Potter
ICR
Phone 1.877.320.2241
E-mail [email protected]

 








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