Allot Communications Announces Pricing of Ordinary Shares Offering
Poster: SySAdmin
Posted on November 9, 2011 at 5:35:01 AM
Allot Communications Announces Pricing of Ordinary Shares Offering
BOSTON, November 9, 2011/PRNewswire-FirstCall/ --
Allot Communications Ltd. (NASDAQ: ALLT) announced today that it had
priced its offering of 5,500,000 ordinary shares offered by the Company, at
$14.25 per share. The Company has also granted the underwriters a 30-day
option to purchase up to 825,000 additional ordinary shares to cover any
over-allotments. The Company intends to use the net proceeds from the
offering for general corporate purposes, including working capital and
potential acquisitions. The offering is expected to close on November 15,
2011, subject to customary closing conditions.
In connection with the offering, BofA Merrill Lynch, Jefferies &
Company, Inc. and RBC Capital Markets, LLC are acting as joint book-running
managers, Oppenheimer & Co. Inc. is acting as lead manager and Wunderlich
Securities, Inc. is acting as co-manager.
A shelf registration statement (including a prospectus) relating to
these securities was filed by the Company and declared effective on January
7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the
prospectus supplement and base prospectus relating to the offering may be
obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attn: Prospectus Department or e-mail
dg.prospectus_requests@baml.com. Before you invest, you should read
these documents and other documents filed by the Company with the SEC for
more complete information. You may obtain these documents free of charge by
visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation,
or sale would be unlawful under the securities laws of any such state or
jurisdiction.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of
intelligent IP service optimization and revenue generation solutions for
fixed and mobile service providers. Allot's scalable, carrier-grade
solutions provide the visibility, topology awareness, security, application
control and subscriber management that are vital to managing Internet
service delivery, enhancing user experience, containing operating costs, and
maximizing revenue in broadband networks. Allot's rich portfolio of
solutions leverages dynamic actionable recognition technology (DART) to
transform broadband pipes into smart networks that can rapidly and
efficiently deploy value added Internet services.
Safe Harbor Statement
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections about
future events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally relate to the Company's plans, objectives and
expectations for future operations. These forward-looking statements are
based upon management's current estimates and projections of future results
or trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but are
not limited to: changes in general economic and business conditions; our
ability to develop and introduce new, or to expand our existing,
technologies, products and applications; the loss of a significant customer;
government regulation of the telecommunications industry that adversely
impacts our market; and other factors discussed under the heading "Risk
Factors" in the Company's annual report on Form 20-F and in the prospectus
supplement, each filed with the Securities and Exchange Commission. These
forward-looking statements are made only as of the date hereof, and the
Company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
INVESTOR RELATIONS CONTACT
Jay Kalish
Executive Director Investor Relations
International access code: +972-54-221-1365
jkalish@allot.com
Source: Allot Communications Ltd.
.
BOSTON, November 9, 2011/PRNewswire-FirstCall/ --
Allot Communications Ltd. (NASDAQ: ALLT) announced today that it had
priced its offering of 5,500,000 ordinary shares offered by the Company, at
$14.25 per share. The Company has also granted the underwriters a 30-day
option to purchase up to 825,000 additional ordinary shares to cover any
over-allotments. The Company intends to use the net proceeds from the
offering for general corporate purposes, including working capital and
potential acquisitions. The offering is expected to close on November 15,
2011, subject to customary closing conditions.
In connection with the offering, BofA Merrill Lynch, Jefferies &
Company, Inc. and RBC Capital Markets, LLC are acting as joint book-running
managers, Oppenheimer & Co. Inc. is acting as lead manager and Wunderlich
Securities, Inc. is acting as co-manager.
A shelf registration statement (including a prospectus) relating to
these securities was filed by the Company and declared effective on January
7, 2011 by the Securities and Exchange Commission (the "SEC"). A copy of the
prospectus supplement and base prospectus relating to the offering may be
obtained by contacting: BofA Merrill Lynch, 4 World Financial Center, New
York, NY 10080, Attn: Prospectus Department or e-mail
dg.prospectus_requests@baml.com. Before you invest, you should read
these documents and other documents filed by the Company with the SEC for
more complete information. You may obtain these documents free of charge by
visiting the SEC's website at http://www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation,
or sale would be unlawful under the securities laws of any such state or
jurisdiction.
About Allot Communications
Allot Communications Ltd. (NASDAQ: ALLT) is a leading provider of
intelligent IP service optimization and revenue generation solutions for
fixed and mobile service providers. Allot's scalable, carrier-grade
solutions provide the visibility, topology awareness, security, application
control and subscriber management that are vital to managing Internet
service delivery, enhancing user experience, containing operating costs, and
maximizing revenue in broadband networks. Allot's rich portfolio of
solutions leverages dynamic actionable recognition technology (DART) to
transform broadband pipes into smart networks that can rapidly and
efficiently deploy value added Internet services.
Safe Harbor Statement
Information provided in this press release may contain statements
relating to current expectations, estimates, forecasts and projections about
future events that are "forward-looking statements" as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements generally relate to the Company's plans, objectives and
expectations for future operations. These forward-looking statements are
based upon management's current estimates and projections of future results
or trends. Actual results may differ materially from those projected as a
result of certain risks and uncertainties. These factors include, but are
not limited to: changes in general economic and business conditions; our
ability to develop and introduce new, or to expand our existing,
technologies, products and applications; the loss of a significant customer;
government regulation of the telecommunications industry that adversely
impacts our market; and other factors discussed under the heading "Risk
Factors" in the Company's annual report on Form 20-F and in the prospectus
supplement, each filed with the Securities and Exchange Commission. These
forward-looking statements are made only as of the date hereof, and the
Company undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events or
otherwise.
INVESTOR RELATIONS CONTACT
Jay Kalish
Executive Director Investor Relations
International access code: +972-54-221-1365
jkalish@allot.com
Source: Allot Communications Ltd.
.