READING, Pa., June 29, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- EnerSys (NYSE: ENS),
announced today that certain of its stockholders, including affiliates of
Metalmark Capital LLC and certain other institutional stockholders, have
agreed to sell 6,000,000 shares of its common stock to Jefferies & Company,
Inc. All net proceeds from the sale of the common stock will be received by
the selling stockholders. EnerSys will not receive any of the proceeds.
The shares are being sold by the selling stockholders pursuant to an
effective shelf registration statement.
This press release shall not constitute an offer to sell, nor the
solicitation of an offer to buy, EnerSys' common stock or any other
securities, nor shall there be any sale of securities mentioned in this press
release in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.
The copy of the prospectus relating to these securities may be obtained,
when available, from Jefferies & Company, Inc., Capital Markets, 520 Madison
Avenue, New York, NY 10022: (212) 284-2342.
About EnerSys: EnerSys, the world leader in stored energy solutions for
industrial applications, manufactures and distributes reserve power and motive
power batteries, chargers, power equipment, and battery accessories to
customers worldwide. Motive power batteries are utilized in electric forklift
trucks and other commercial electric powered vehicles. Reserve power
batteries are used in the telecommunication and utility industries,
uninterruptible power suppliers, and numerous applications requiring standby
power. The company also provides aftermarket and customer support services to
its customers from over 100 countries through its sales and manufacturing
locations around the world.
Caution Concerning Forward-Looking Statements
Forward Looking Statement
This press release contains forward-looking statements, within the meaning
of the Private Securities Litigation Reform Act of 1995, that are based on
management's current expectations and are subject to uncertainties and changes
in circumstances, including the sale by the selling stockholders in the
offering. There can be no assurances that the proposed offering will be
consummated. The Company's actual results may differ materially from the
forward-looking statements for a number of reasons. For a list of the factors,
which could affect the Company's results, see "Management's Discussion and
Analysis of Financial Condition and Results of Operations," and
"Forward-Looking Statements," set forth in each of the Company's Annual Report
on Form 10-K for the year ended March 31, 2007, which was filed with the U.S.
Securities and Exchange Commission.
Executive Vice President of EnerSys