NEW YORK, Dec. 3, 2010 /PRNewswire-FirstCall/ -- Dice
Holdings, Inc. (NYSE: DHX) today announced a public offering of 10
million shares of common stock. 8,924,367 million shares of
common stock are being offered by certain stockholders, including
affiliates of General Atlantic LLC, Quadrangle Group LLC, and a
member of Dice Holdings' board of directors, while 1,075,633 shares
of common stock are being offered by the Company. In
connection with the offering, certain of the selling stockholders
have granted to the underwriters an option to purchase up to 1.5
million additional shares.
Dice Holdings, Inc. will use the net proceeds that it receives
from the offering to repurchase an equal number of shares of the
Company's common stock from certain current and former members of
its senior management and board of directors. The Company
will not receive any of the proceeds from the offering of shares by
the selling stockholders.
Jefferies & Company, Inc. is the lead book-running manager
of the offering and Stifel Nicolaus Weisel and William Blair & Company are serving as
book-running managers.
A shelf registration statement relating to the offering of the
common stock has previously been filed with the U.S. Securities and
Exchange Commission and has become effective. The offering is being
made only by means of a prospectus supplement and accompanying
prospectus, forming an effective part of the registration
statement. Before investing, you should read the prospectus
supplement and the accompanying prospectus for information about
Dice Holdings, Inc., the selling stockholders and this
offering.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. A
copy of the prospectus relating to the offering may be obtained
from Jefferies & Company, Inc., Attention: Equity Syndicate
Prospectus Department, 520 Madison Avenue, New York, NY 10022, telephone: (877) 547-6340,
email: Prospectus_Department@Jefferies.com or from Stifel Nicolaus
Weisel, Equity Syndicate Department, One
Montgomery Street, Suite 3700, San
Francisco, California 94104, Attention: General Counsel, or
by phone at (415) 364-2500 or from William
Blair & Company, Attention: Mailroom, 222 West
Adams Street 14th Floor, Chicago,
IL 60606 or by phone at (312) 364-8600.
About Dice Holdings, Inc.
Dice Holdings, Inc. (NYSE: DHX) is a leading provider of
specialized career websites for professional communities, including
technology and engineering, financial services, energy, healthcare,
and security clearance. Our mission is to help our customers source
and hire the most qualified professionals in select and highly
skilled occupations, and to help those professionals find the best
job opportunities in their respective fields and further their
careers. For more than 20 years, we have built our company by
providing our customers with quick and easy access to high-quality,
unique professional communities and offering those communities
access to highly relevant career opportunities and information.
Today, we serve multiple markets primarily in North America, Europe, the Middle
East, Asia and Australia.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. You
should not place undue reliance on those statements because they
are subject to numerous uncertainties and factors relating to our
operations and business environment, all of which are difficult to
predict and many of which are beyond our control. Forward-looking
statements include information concerning our possible or assumed
future results of operations, including descriptions of our
business strategy. These statements often include words such as
"may," "will," "should," "believe," "expect," "anticipate,"
"intend," "plan," "estimate" or similar expressions, including
without limitation statements under the heading "Management's
Discussion and Analysis of Financial Condition and Results of
Operations." These statements are based on assumptions that
we have made in light of our experience in the industry as well as
our perceptions of historical trends, current conditions, expected
future developments and other factors we believe are appropriate
under the circumstances. Although we believe that these
forward-looking statements are based on reasonable assumptions, you
should be aware that many factors could affect our actual financial
results or results of operations and could cause actual results to
differ materially from those in the forward-looking statements.
These factors include, but are not limited to, competition
from existing and future competitors in the highly competitive
developing market in which we operate, failure to adapt our
business model to keep pace with rapid changes in the recruiting
and career services business, failure to maintain and develop our
reputation and brand recognition, failure to increase or maintain
the number of customers who purchase recruitment packages,
cyclicality or downturns in the economy or industries we serve, the
failure to attract qualified professionals to our websites or grow
the number of qualified professionals who use our websites, the
failure to successfully identify or integrate acquisitions, U.S.
and foreign government regulation of the Internet and taxation, our
ability to borrow funds under our revolving credit facility or
refinance our indebtedness and restrictions on our current and
future operations under our credit facility. These factors
and others are discussed in more detail in the Company's filings
with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the fiscal year ended December 31, 2009, under the headings "Risk
Factors," "Forward-Looking Statements" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and
our quarterly reports on Form 10-Q, all of which are incorporated
by reference into the prospectus.
You should keep in mind that any forward-looking statement made
by us herein, or elsewhere, speaks only as of the date on which we
make it. New risks and uncertainties come up from time to time, and
it is impossible for us to predict these events or how they may
affect us. We have no obligation to update any forward-looking
statements after the date hereof, except as required by federal
securities laws.
Investors & Media
Contact:
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Dice Holdings, Inc.
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Jennifer Bewley,
212-448-4181
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Director, Investor Relations
& Corporate Communications
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ir@dice.com
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Web site: http://www.diceholdingsinc.com
SOURCE Dice Holdings, Inc.