TORONTO, Nov. 17, 2020 – On
October 20, 2020, Constellation announced that it had resolved to pay a special
dividend of Topicus.com shares, conditional upon receipt by Constellation of
such spin-out shares by November 17th.
That condition will not be satisfied on or prior to November 17, 2020,
and therefore the previously declared conditional dividend will not be paid. Constellation will continue to work toward a
public listing of the shares of Topicus.com, and expects that the Topicus.com shares
will be distributed to Constellation's shareholders at a later date. The new record date and payment date for such
special dividend will be determined and announced at the appropriate time.
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 events to be
materially different from any future events expressed or implied by such
forward -looking statements. Words such as “may”, “will”, “expect”, “believe”,
“plan”, “intend”, “should”, “anticipate” and other similar terminology are
intended to identify forward looking statements. Forward looking statements in
this press release include, but are not limited to, the intention to declare
and pay a special dividend-in-kind of Topicus.com shares. Such forward looking
statements involve significant risks and uncertainties, should not be read as
guarantees of future results, and will not necessarily be accurate indications
of whether or not such results will be achieved, or when 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 reflect current assumptions and expectations regarding
future events and are made as of the date hereof and Constellation assumes no
obligation, except as required by law, to update any forward looking statements
to reflect new events or circumstances.
About Total Specific Solutions
TSS is one of Constellation’s six
Operating Group companies, based in the Netherlands and solely focused on the
European vertical market software industry.
Topicus is a Netherlands based
leader in building and running smart vertical market software since 2001. Their
focus is on innovation through vertical market integration. Topicus connects
organizations, professionals and end users within and across the vertical
markets of education, healthcare, municipalities and financial services.
About Constellation Software Inc.
Constellation acquires, manages and
builds vertical market software businesses that provide mission-critical
For further information, contact:
Jamal Baksh, Chief