MINNEAPOLIS--(BUSINESS WIRE)--
Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE:CDAY)
(TSX:CDAY), a global human capital management software company,
announced today that certain stockholders of the Company (the “Selling
Stockholders”) intend to offer 11,000,000 shares of the Company’s common
stock, par value $0.01 per share (the “Common Stock”), in an
underwritten public offering. In addition, the Selling Stockholders
intend to grant the underwriters of the offering an option, exercisable
within 30 days from the date of the final prospectus relating to the
offering, to purchase up to an additional 1,650,000 shares of Common
Stock at the public offering price, less underwriting discounts and
commissions. The offering consists entirely of secondary shares to be
sold by the Selling Stockholders. The Selling Stockholders will receive
all of the proceeds from the offering.
Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse and Deutsche Bank
Securities are acting as joint lead book-running managers, and Goldman
Sachs & Co. LLC and J.P. Morgan are acting as representatives of the
underwriters for the offering. Barclays, Citigroup, Jefferies, Piper
Jaffray and Wells Fargo Securities are also acting as book-running
managers for the proposed offering. Baird, CIBC Capital Markets, William
Blair, Canaccord Genuity, Needham & Company and MUFG are acting as
co-managers for the proposed offering.
The offering will be made only by means of a prospectus. A copy of the
preliminary prospectus relating to this offering, when available, may be
obtained from:
-
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West
Street, New York, New York 10282, or via telephone: 1-866-471-2526, or
via email: prospectus-ny@ny.email.gs.com;
-
J.P. Morgan Securities LLC, Attention: Prospectus Department, 1155
Long Island Avenue, Edgewood, NY 11717, or via telephone:
1-866-803-9204;
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Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
One Madison Avenue, New York, NY 10010, via telephone at (800)
221-1037, or via email at newyork.prospectus@credit-suisse.com;
or
-
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall
Street, New York, NY 10005, via telephone: 800-503-4611, or via email: prospectus.CPDG@db.com.
A registration statement relating to these securities has been filed
with the U.S. Securities and Exchange Commission (the “SEC”), but has
not yet become effective. These securities may not be sold nor may
offers to buy these securities be accepted prior to the time the
registration statement becomes effective. Copies of the registration
statement can be accessed through the SEC’s website at www.sec.gov.
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 an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Ceridian HCM Holding Inc.
Ceridian. Makes Work Life Better™.
Ceridian is a global human capital management software company.
Dayforce, our flagship cloud HCM platform, provides human resources,
payroll, benefits, workforce management, and talent management
functionality. Our platform is used to optimize management of the entire
employee lifecycle, including attracting, engaging, paying, deploying,
and developing people. Ceridian has solutions for organizations of all
sizes.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are subject to risks and
uncertainties. All statements other than statements of historical fact
or relating to present facts or current conditions included in this
press release are forward-looking statements. Forward-looking statements
give our current expectations and projections relating to our financial
condition, results of operations, plans, objectives, future performance
and business. You can identify forward-looking statements by the fact
that they do not relate strictly to historical or current facts. These
statements may include words such as “anticipate,” “estimate,” “expect,”
“project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,”
“continue,” “likely,” “should,” and other words.
The forward-looking statements contained in this press release are based
on assumptions that we have made in light of our industry experience and
our perceptions of historical trends, current conditions, expected
future developments and other factors that we believe are appropriate
under the circumstances. These statements are not guarantees of
performance or results. These assumptions and our future performance or
results involve risks and uncertainties (many of which are beyond our
control). Important factors that could cause actual results to differ
materially from those in the forward-looking statements include
regional, national or global political, economic, business, competitive,
market and regulatory conditions and the following: our inability to
attain or to maintain profitability; significant competition for our
solutions; our inability to continue to develop or to sell our existing
Cloud solutions; our inability to manage our growth effectively; the
risk that we may not be able to successfully migrate our Bureau
customers to our Cloud solutions or to offset the decline in Bureau
revenue with Cloud revenue; the market for enterprise cloud computing
develops slower than we expect or declines; efforts to increase use of
our Cloud solutions and our other applications may not succeed; we fail
to provide enhancements and new features and modifications to our
solutions; failure to comply with the FTC’s ongoing consent order
regarding data protection; system interruptions or failures, including
cyber-security breaches, identity theft, or other disruptions that could
compromise our information; our failure to comply with applicable
privacy, security and data laws, regulations and standards; changes in
regulations governing privacy concerns and laws or other domestic or
foreign data protection regulations; we are unable to successfully
expand our current offerings into new markets or further penetrate
existing markets; we are unable to meet the more complex configuration
and integration demands of our large customers; our customers declining
to renew their agreements with us or renewing at lower performance fee
levels; we fail to manage our technical operations infrastructure; we
are unable to maintain necessary third party licenses or errors; our
inability to protect our intellectual property rights, proprietary
technology, information, processes, and know-how; we fail to keep pace
with rapid technological changes and evolving industry standards; or
changes in laws and regulations related to the Internet or changes in
the Internet infrastructure itself. Additional factors or events that
could cause our actual performance to differ from these forward-looking
statements may emerge from time to time, and it is not possible for us
to predict all of them. If any of these risks materialize, or if any of
the above assumptions underlying forward-looking statements prove
incorrect, actual results and developments may differ materially from
those made in or suggested by the forward-looking statements contained
in this press release.
Any forward-looking statement made by us in this press release speaks
only as of the date on which it is made. Factors or events that could
cause our actual results to differ may emerge from time to time, and it
is not possible for us to predict all of them. We undertake no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by law.
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Ceridian HCM Holding Inc.
Jeremy Johnson, 1-844-829-9499
Vice
President, Finance and Investor Relations
investors@ceridian.com
Source: Ceridian HCM Holding Inc.