SoftwareOne Amends Crayon Total Return Swap Agreement

SoftwareOne Holding AG, a prominent provider of software and cloud solutions, has announced an amendment to its total return swap (TRS) agreement concerning 4,578,588 shares of Crayon. This agreement was initially disclosed in December 2022. The updated agreement permits SoftwareOne to opt for either physical or cash settlement upon the TRS maturity or termination, while maintaining other terms unchanged.

Currently, SoftwareOne holds 1,681,025 Crayon shares, about 1.87% of Crayon's total shares and votes. With the TRS amendment, SoftwareOne's financial exposure remains at 6,259,613 shares, representing approximately 6.98% of Crayon's total shares.

Upon completing its offer to acquire all outstanding shares of Crayon, the TRS settlement will be expedited. This move underscores SoftwareOne's strategic positioning in the competitive software market.