PRESS RELEASE
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WNS Addresses Market Rumors
NEW YORK, NY and MUMBAI, INDIA, Aug 07, 2009 (MARKETWIRE via COMTEX) -- WNS (Holdings) Limited (NYSE: WNS), a leading provider of global business process outsourcing (BPO) services, today announced that it has received expressions of interest from various interested parties regarding possible change of control transactions. WNS is committed to maximizing shareholder value and is evaluating these opportunities, as well as other alternatives. However, as of the date of this announcement, WNS has not entered into any definitive agreement with any party relating to any such transaction, and no assurances can be given that any such agreement will be entered into, or on what terms.
In all cases, WNS remains committed to its clients and employees and any potential transaction will also be driven by their interests.
About WNS
WNS is a leading global business process outsourcing company. Deep
industry and business process knowledge, a partnership approach,
comprehensive service offering and a proven track record enable WNS to
deliver business value to some of the leading companies in the world.
WNS is passionate about building a market-leading company valued by
our clients, employees, business partners, investors and communities.
For more information, visit www.wns.com.
Safe Harbor Statement under the provisions of the United States
Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, as defined in
the safe harbor provisions of the US Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding our pending prepayment and scheduled payment on
our loan facility as well as potential prepayment on the loan
facility in the future. These statements involve a number of risks,
uncertainties and other factors that could cause actual results to
differ materially from those that may be projected by these
forward-looking statements. These risks and uncertainties include but
are not limited to technological innovation; telecommunications or
technology disruptions; future regulatory actions and conditions in
our operating areas; our dependence on a limited number of clients in
a limited number of industries; our ability to attract and retain
clients; our ability to expand our business or effectively manage
growth; our ability to hire and retain enough sufficiently trained
employees to support our operations; negative public reaction in the
US or the UK to offshore outsourcing; regulatory, legislative and
judicial developments; increasing competition in the business process
outsourcing industry; political or economic instability in India, Sri
Lanka and Jersey; worldwide economic and business conditions,
including a slowdown in the US and Indian economies and in the
sectors in which our clients are based and a slowdown in the BPO and
IT sectors world-wide; our ability to successfully grow our revenues,
expand our service offerings and market share and achieve accretive
benefits from our acquisition of Aviva Global Services Singapore
Private Limited and our master services agreement with Aviva Global
Services (Management Services) Private Limited; our ability to
successfully consummate strategic acquisitions, as well as other risks
detailed in our reports filed with the US Securities and Exchange
Commission. These filings are available at www.sec.gov. We may, from
time to time, make additional written and oral forward-looking
statements, including statements contained in our filings with the
Securities and Exchange Commission and our reports to shareholders.
You are cautioned not to place undue reliance on these
forward-looking statements, which reflect management's current
analysis of future events. We undertake no obligation to publicly
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
CONTACT:
Investors:
Alan Katz
VP -- Investor Relations
WNS (Holdings) Limited
+1 212 277-8183
Email Contact
Media:
Deborah Kops
Chief Marketing Officer
WNS (Holdings) Limited
+1 703 321 6526
Email Contact