Novell Files Resale Shelf Registration Statement Registering Securities Sold on July 2, 2004, in Private Placement Transaction
Novell, Inc. (NASDAQ: NOVL) announced today that it has filed a registration statement with the Securities and Exchange Commission to register its 0.50 percent Convertible Senior Debentures due 2024 and the underlying shares of common stock for resale by the debenture holders.
As previously announced, Novell issued $600 million aggregate principal amount of the debentures in a private placement on July 2, 2004. At that time, Novell had agreed to register the debentures and underlying shares of common stock for resale. Novell will not receive any of the proceeds from any resale of the debentures or underlying shares of common stock that may be made pursuant to the registration statement.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such State.
Novell, Inc. (Nasdaq: NOVL) is a leading provider of infrastructure software and services to over 50,000 customers in 43 countries. With more than 20 years of experience in data center, workgroup and desktop solutions, Novell's 6,000 employees, 5,000 partners and support centers around the world are meeting customer requirements for identity-driven computing and Linux solutions. By providing enterprise-class software and support for commercial and open source software, Novell delivers increased operating flexibility and choice at a lower total cost of ownership. More information about Novell can be found at http://www.novell.com.
Novell and Ximian are registered trademarks; exteNd, Nsure and Nterprise are trademarks; and Ngage is a service mark of Novell, Inc. in the United States and other countries. SUSE is a registered trademark of SUSE LINUX AG, a Novell company. *All third-party trademarks are the property of their respective owners.
This statement contains “forward-looking” statements within the meaning of the “safe harbor” provision of the Private Litigation Reform Act of 1995. Such statements are based on management’s current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements, as described in Novell’s periodic reports filed with the Securities and Exchange Commission.
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