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SMART Technologies Prices Initial Public Offering

July 15, 2010 | Chris Payatagool
Smart_logo.jpgCALGARY, ALBERTA -- July 14, 2010 -- SMART Technologies Inc. (NASDAQ: SMT; TSX: SMA), a global provider of interactive whiteboards, today announced the pricing of the initial public offering of 38,830,000 of its Class A Subordinate Voting Shares at a price to the public of US$ 17.00 per share, which reflects an increase of 10% from the anticipated number of shares being offered. The shares will begin trading on July 15, 2010, on the NASDAQ Global Select Market under the ticker symbol "SMT," and on the Toronto Stock Exchange under the ticker symbol "SMA." SMART Technologies is offering 8,800,000 Class A Subordinate Voting Shares and selling shareholders are offering 30,030,000 Class A Subordinate Voting Shares. In addition, the selling shareholders have granted the underwriters a 30-day option to purchase up to 5,824,500 additional Class A Subordinate Voting Shares at the initial public offering price to cover over-allotments, if any.
 
Morgan Stanley, Deutsche Bank Securities and RBC Capital Markets are acting as joint senior bookrunners for the offering. BofA Merrill Lynch and Credit Suisse are acting as junior bookrunners. CIBC, Cowen and Company, Piper Jaffray and Stifel Nicolaus Weisel are acting as co-managers.

A registration statement relating to this offering was declared effective by the Securities and Exchange Commission on July 14, 2010, and a final prospectus for the offering has been filed with securities commissions or similar authorities in each of the provinces and territories of Canada. This offering is being made solely by means of a prospectus. The prospectus contains important detailed information about the securities being offered. A copy of the U.S. final prospectus 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: 1.877.822.4089; and a copy of the Canadian final prospectus for the offering can be obtained from www.sedar.com. Investors should read the prospectus before making an investment decision.

This media 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About SMART
Founded in 1987, SMART Technologies is a global provider of interactive whiteboards and complementary solutions to the education, business and government sectors.
 
 
 
 
For more information, please contact:

Media Contact
Laurie Long
Senior Public Relations Specialist
SMART Technologies Inc.
Phone 1.403.407.5085
E-mail LaurieLong@smarttech.com

Investor Contact
Seth Potter
ICR
Phone 1.877.320.2241
E-mail ir@smarttech.com



 







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