INFORMATION REGARDING LINEDATA SERVICES’ BID FOR FINANCIAL MODELS COMPANY
24 February 2005
Linedata Services today announced that the Ontario (Canada) Court of Appeal, in a decision dated 23 February 2005, has confirmed the decision of the Ontario Superior Court of Justice of 8 February 2005 invalidating Mr Stamos Katotakis’s claim that certain FMC shareholders, who together hold approximately 42% of the FMC shares, were obliged to tender their FMC shares to the Katotakis offer under the terms of a shareholder agreement entered into by Katotakis and those shareholders.
Following this decision, the shareholders that had entered into the shareholder agreement with Katotakis must now tender their shares to the Linedata Services offer, pursuant to the terms of their lock-up agreements with Linedata, unless the proposed, non-binding offer made by the SS&C Technologies Inc. company is validly established and confirmed.
Linedata Services further adds that its offer for FMC expires on 25 February 2005 at 5pm Toronto, Canada, time.
This is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 or exemption from registration.