DALLAS and DUBLIN, Ireland, Sept. 22, 2010 (GLOBE NEWSWIRE) -- Trintech Group Plc (Nasdaq:TTPA), a leading global provider of integrated financial governance, risk management and compliance (GRC) software solutions, announced today that in accordance with Rule 2.10 of the Irish Takeover Panel Act 1997, Takeover Rules 2007 (as amended), as at the close of business on 21 September 2010, its issued share capital comprised 33,495,263 ordinary shares (16,747,631 equivalent ADSs) of $0.0027 each. The International Securities Identification Number for these securities is IE0094H35725.
Furthermore, Trintech confirms that there are, at the close of business on 21 September 2010, 5,648,614 ordinary share options (2,824,307 equivalent ADSs) that have been granted by the Company and that are currently outstanding. These options are summarised by option plan below:
| No. | Option Plan | Options Outstanding | |
| Ordinary Shares | Equivalent ADSs | ||
| 1 | Trintech Group PLC 2007 Share Option Scheme | 1,801,192 | 900,596 |
| 2 | Trintech Group PLC Directors and Consultants Share Option Scheme 2007 | 830,000 | 415,000 |
| 3 | Trintech Group PLC Share Option 1997 Scheme | 2,647,422 | 1,323,711 |
| 4 | Trintech Group PLC Directors and Consultants 1998 Share Option Scheme | 370,000 | 185,000 |
| Total (a) | 5,648,614 | 2,824,307 | |
| (a) Trintech trades American Depositary Shares or ADSs on the NASDAQ National Market, each representing two ordinary shares | |||
Any enquiries relating to this press release should be directed to the Company's financial advisor at:
William Blair & Company
222 West Adams Street, Chicago, Illinois 60606
312.236.1600
The Directors of Trintech Group Plc accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Any holder of 1% or more of any class of relevant securities of Trintech Group Plc may have disclosure obligations under Rule 8.3 of the Irish Takeover Panel Act, 1997, Takeover Rules 2007 (as amended).
William Blair is acting exclusively for Trintech and for no-one else in connection with this matter and will not be responsible to anyone other than Trintech for providing the protections afforded to clients of William Blair or for providing advice in relation to this matter or any other matters referred to in this announcement.
About Trintech Group
Trintech Group Plc (Nasdaq:TTPA) is a leading global provider of integrated financial governance, risk management, and compliance (GRC) software solutions for commercial, financial, and healthcare markets. Trintech's recognized expertise in reconciliation process management, financial data aggregation, revenue and cost cycle management, financial close, reporting, risk management, and compliance enables customers to gain greater visibility and control of their critical financial processes leading to better overall business performance.
For more information on how Trintech can help you increase confidence in business performance and reduce financial risk, please contact us online at www.trintech.com or at our principal business office in Addison, Texas, or through an international office in Ireland, the United Kingdom, or the Netherlands.
Trintech • 15851 Dallas Parkway, Suite 900 • Addison, TX 75001 • Tel 1 972 701 9802
Trintech UK Ltd. • Warnford Court, 29 Throgmorton St. • London EC2N2AT, UK • Tel +44 (0) 20 7628 5235
Trintech Technologies • Block C, Central Park • Leopardstown, Dublin 18, Ireland • Tel +353 1 293 9840
Trintech • Cypresbaan 9 • 2908 LT Capelle a/d Ijssel, The Netherlands • Tel +31 (0) 10 8507 474