Waterloo, ON - 2004-12-01 - Open Text Corporation (Nasdaq: OTEX; TSX: OTC), the world s largest provider of enterprise content management (ECM) software, today announced that its wholly-owned subsidiary, 2016091 Ontario Inc. ("2016091 Ontario"), has entered into a domination and profit transfer agreement with IXOS Software AG.
Pursuant to the agreement, 2016091 Ontario will offer to purchase all outstanding common shares of IXOS that it does not hold, being 2.2 million common shares or approximately 10.2% of the outstanding shares, for a cash purchase price of Euro 9.38 per share.
IXOS has also approved the delisting of the shares of IXOS from the Frankfurt Stock Exchange. In connection with this delisting, 2016091 Ontario will offer to purchase all outstanding common shares of IXOS that it does not hold for a cash purchase price of Euro 9.38 per share.
The domination and profit transfer agreement and the delisting remains subject to approval of the shareholders of IXOS and will not be effective until registered under German laws. The Management and Supervisory Boards of IXOS will call a meeting of shareholders of IXOS to be held on January 14, 2005.
Anne Marie K. Schwartz
Director, Investor Relations
Open Text Corporation
+1-617-378-3369
aschwartz@opentext.com
Greg Secord
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com