SFTL.L Regulatory News (SFTL)

Softline Holding plc

("Softline" or the "Company")

Softline announced the completion of its tender offer

London, 19 May 2022 - Softline (LSE: SFTL), the Cyprus registered Global IT and digital transformation solutions provider headquartered in London and operating in 60 countries announced the completion of its tender offer. Softline's shareholders tendered 4,420,277 GDRs priced at $1 per Ordinary Share or GDR. As previously announced, Softline initiated the tender offer in the best interests of its shareholders to provide an opportunity for those shareholders with a need to close their positions.

With the minimal take up of just 2% of diluted shares outstanding, the outcome of the tender offer has confirmed that shareholders believe in the more fundamental value in Softline, and the management's clear strategy for increasing company value.

It is expected that the proceeds of the tender offer will be credited to the Euroclear or Clearstream accounts of tendering shareholders as soon as practicable, or otherwise despatched in accordance with the procedures outlined in Softline's tender offer announcement dated 14 April 2022.

About Softline

Softline is a leading global solutions and services provider in digital transformation and cybersecurity, with its headquarters in London. The company enables, facilitates and accelerates the digital transformation of its customers' businesses, connecting over 150,000 organizations from all industries with over 6,000 best-in-class IT vendors, and delivering its own services and solutions. Foundation of Softline's growth is so-called three-dimensional strategy, which includes geographic, portfolio and sales channel expansion. This strategy is supported by energetic M&A activity, so Softline is benefiting from the on-going consolidation of the industry.

Thanks to this strategy, Softline is currently one of the fastest growing companies in the sector. Softline achieved a turnover of US$ 1.8 billion in the fiscal year of 2020. In October 2021, the company conducted a primary listing on the London stock exchange. Since the end of fiscal year 2020, Softline has acquired several companies with a total annual turnover of approximately US$ 200 million. Five more acquisitions got announced in the six weeks since the start of 2022.

Softline's 8,200 employees work in almost 60 countries throughout Asia, Latin America, Eastern Europe and Africa - markets with significant growth potential.