NEW YORK, NY -- (Marketwire) -- 08/19/09 -- Bowne & Co., Inc. (NYSE: BNE), a global leader
in shareholder and marketing communications services, today announced that
Goldman, Sachs & Co., the sole underwriter of its previously announced
equity offering, exercised a portion of its option to purchase additional
shares on Friday, August 14, 2009, and purchased 792,273 additional shares;
the transaction closed today. The shares were purchased at the public
offering price of $5.96 per share and the proceeds, net of discount, were
approximately $4.5 million. The Company has used the net proceeds to repay
borrowings under its revolving credit facility. The option to purchase up
to 1.575 million shares was granted in connection with the Company's public
offering of 10.5 million shares, which priced on August 7, 2009 and closed
on August 12, 2009.
A registration statement related to these shares was previously filed with
and declared effective by the Securities and Exchange Commission. A
prospectus supplement related to the offering was filed with the Securities
and Exchange Commission and is available on the SEC's website,
http://www.sec.gov. Copies of the final prospectus supplement and
accompanying base prospectus related to this offering may be obtained from
Goldman, Sachs & Co. via telephone: (866) 471-2526; facsimile: (212)
902-9316; email: prospectus-ny@ny.email.gs.com; or standard mail at
Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY
10004.
This news 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
state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such state or other jurisdiction.
About Bowne & Co., Inc.
Bowne & Co., Inc. (NYSE: BNE) provides shareholder and marketing
communications services around the world. Dealmakers rely on Bowne to
handle critical transactional communications with speed and accuracy.
Compliance professionals turn to Bowne to prepare and file regulatory and
shareholder communications online and in print. Investment managers and
third party fund administrators count on Bowne's integrated solutions to
streamline their document processes and produce high quality communications
for their shareholders. Marketers look to Bowne to create and distribute
customized, one-to-one communications on demand. With 2,800 employees in 50
offices around the globe, Bowne has met the ever-changing demands of its
clients for more than 230 years.
Investor Relations Contact:
Bryan Berndt
Treasurer
(212) 658-5817
bryan.berndt@bowne.com
Media Contact:
Pamela Blum
Director of Corporate Communications
(212) 658-5884
pamela.blum@bowne.com
Bowne & Co., Inc.
55 Water Street
New York, NY 10041
(212) 924-5500
Fax: (212) 658-5871