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Ceridian Announces Pricing Of Secondary Public Offering

MINNEAPOLIS, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE:CDAY) (TSX:CDAY), a global human capital management software company, announced today

Benzinga · 08/26/2020 10:06

MINNEAPOLIS, Aug. 26, 2020 (GLOBE NEWSWIRE) -- Ceridian HCM Holding Inc. (“Ceridian” or the “Company”) (NYSE:CDAY) (TSX:CDAY), a global human capital management software company, announced today the pricing of an underwritten secondary public offering by affiliates of Thomas H. Lee Partners, L.P. and David D. Ossip, Chairman and Chief Executive Officer of the Company (the “Selling Stockholders”), of 7,217,347 and 500,000 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), respectively, pursuant to a shelf registration statement filed with the Securities and Exchange Commission (the “SEC”). The shares will be offered from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, subject to its right to reject any order in whole or in part. Prior to the exercise, the 500,000 shares of Common Stock exercised by David Ossip made up 5.3% of his direct and indirect holdings of Common Stock, exchangeable shares, and vested and unvested stock options and restricted stock units. Proceeding the exercise, David Ossip holds 8,862,884 shares of Common Stock, exchangeable shares, and vested and unvested stock options and restricted stock units, or 6.0% of the Company’s Common Stock outstanding as of August 21, 2020.

The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering. The offering is expected to close on August 28, 2020, subject to customary closing conditions.