Lawson Software Announces $200 Million Increase in Share Repurchase Authorization ST. PAUL, Minn.--(BUSINESS WIRE)--July 10, 2008--Regulatory News: Lawson Software, Inc. (Nasdaq: LWSN) today announced that its board of directors has approved an increase of $200 million to its current share repurchase authorization, resulting in a total available authorization of $239.5 million for future stock repurchases as of July 10, 2008. The original $100 million authorization was announced on Nov. 13, 2006 and subsequently increased to $200 million on Apr. 16, 2007. From the inception of the $400 million repurchase program through July 10, 2008, the company used $160.5 million to repurchase 18.0 million shares at an average price of $8.94 per share, representing 9.6 percent of total shares outstanding as of November 2006. The share repurchase will be funded using the company's existing cash balance and future cash flows. The share repurchases may occur through transactions structured through investment banking institutions, open market purchases, privately negotiated transactions and/or other mechanisms. The program allows the company to repurchase shares at its discretion and under various methods. Market conditions will influence the timing of the buyback and the number of shares repurchased. At the end of fiscal year 2008 ended May 31, 2008; Lawson had cash, cash equivalents, marketable securities and short-term investments of $488.6 million and 173.8 million common shares outstanding. About Lawson Software Lawson Software provides software and service solutions to approximately 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. Forward-Looking Statements This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in Lawson's ability to realize synergies and revenue opportunities anticipated from the Intentia International acquisition; uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company's targeted industries and other risk factors listed in the company's most recent Quarterly Report on Form 10-Q and the most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release. CONTACT: Lawson Software Joe Thornton, +1-651-767-6154 Media joe.thornton@us.lawson.com or Barbara Doyle, +1-651-767-4385 Investors and Analysts barbara.doyle@us.lawson.com
Lawson Software Announces $200 Million Increase in Share Repurchase Authorization
| Source: Lawson Software, Inc.