BOCA RATON, Fla.--(BUSINESS WIRE)--MiX Telematics Limited (NYSE: MIXT), a leading global provider of fleet
and mobile asset management solutions delivered as software as a service
to customers in 112 countries, today announced that it has closed its
previously announced initial public offering of 6,296,098 American
Depositary Shares (“ADSs”), each representing 25 ordinary shares of the
Company, at a price to the public of $16.00 per ADS. In connection with
the initial public offering of ADSs, the underwriters exercised in full
their option to purchase an additional 944,414 ADSs from the selling
shareholders. As a result, the total initial public offering size was
7,240,512 ADSs.
Raymond James & Associates, Inc. and William Blair & Company, LLC acted
as joint book-running managers for the offering, and Canaccord Genuity
Inc. and Oppenheimer & Co. Inc. acted as co-managers for the offering.
A registration statement relating to these securities has been filed
with, and declared effective by, the Securities and Exchange Commission.
The offering was made only by means of a prospectus. Copies of the
prospectus related to the offering may be obtained, when available, from
Raymond James & Associates, Inc., Attention: Syndicate, 880 Carillon
Parkway, St. Petersburg, Florida 33716, by telephone at 727-567-2400, or
by email at prospectus@raymondjames.com;
or from William Blair & Company, LLC, 222 W. Adams St., Chicago, IL
60606, by telephone at 800-621-0687, or by email at prospectus@williamblair.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer,
solicitation or sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About MiX Telematics Limited
MiX Telematics is a leading global provider of fleet
and mobile asset management solutions delivered as SaaS to customers in
112 countries. The company’s products and services provide enterprise
fleets, small fleets and consumers with solutions for safety, efficiency
and security. MiX Telematics was founded in 1996 and has offices in
South Africa, the United Kingdom, the United States, Uganda, Brazil,
Australia and the United Arab Emirates as well as a network of more than
130 fleet partners worldwide. MiX Telematics shares are publicly traded
on the Johannesburg Stock Exchange (JSE: MIX) and on the New York Stock
Exchange (NYSE: MIXT). For more information visit www.mixtelematics.com.
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