Toronto, Canada – October 31, 2008 — Constellation Software Inc. (“Constellation”) (TSX:CSU) announced today the Offer Document containing Constellation’s offer to purchase shares of Gladstone PLC (“Gladstone”) for 25 pence per share (all amounts in GBP unless otherwise stated) was today posted to Gladstone shareholders. Constellation owns 13.86 million Gladstone shares representing approximately 28.84 per cent of the issued ordinary share capital of Gladstone. There are approximately 40.3 million fully diluted shares that Constellation does not currently own which makes the offer worth approximately £8.98 million net of option exercise proceeds (all amounts in GBP unless otherwise stated). Further details of the transaction were disclosed in a news release of October 7, 2008 at which time Constellation announced its intention to make an offer for the shares of Gladstone.
The offer is not available to persons who are non residents of the United Kingdom.
About Constellation:
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.
Forward Looking Statements
Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Constellation or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date hereof. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements are made as of the date hereof and Constellation assumes no obligation to update any forward looking statements to reflect new events or circumstances.