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Pactera Announces Annual General Meeting to be Held on December 23, 2013

Pactera Technology International Ltd.
2013-11-19 19:00 959

BEIJING, November 19, 2013 /PRNewswire/ -- Pactera Technology International Ltd. (NASDAQ: PACT) ("Pactera" or the "Company"), a global consulting and technology services provider headquartered in China, today announced that its annual general meeting of shareholders ("AGM") will be held at Building C-4, No. 66 Xixiaokou Road, Haidian District, Beijing 100192, the People's Republic of China on December 23, 2013 at 9:00 AM (Beijing time, or 8:00 PM EST on December 22, 2013).

Holders of record of common shares of the Company at the close of business on November 19, 2013 are entitled to notice of, and to vote at, the AGM or any adjournment or postponement thereof. Holders of the Company's American depositary shares ("ADSs") who wish to exercise their voting rights for the underlying common shares must act through the depositary of the Company's ADS program, Deutsche Bank Trust Company Americas.

The AGM will discuss and seek adoption of the following resolutions to be proposed by the Company:

  1. Proposal No. 1 - To re-elect the retiring Director, Ruby Rong Lu, as a director of the Company and to authorize the Board of Directors to fix the Director's remuneration;
  2. Proposal No. 2 - To re-elect the retiring Director, Venkatachalam Krishnakumar, as a director of the Company and to authorize the Board of Directors to fix the Director's remuneration;
  3. Proposal No. 3 - To approve the appointment of the independent auditor, Deloitte Touche Tohmatsu LLP, for the fiscal year 2013 and to authorize the Board of Directors to fix their remuneration;
  4. Proposal No. 4 - To ratify the adoption of the audited financial statements of fiscal year 2012 and report of the independent registered public accounting firm, and their inclusion in the Company's 2012 annual report; and
  5. Proposal No. 5 - To authorize the Board of Directors to take any and every action that might be necessary to effect the foregoing resolutions 1 to 4 as the Board of Directors, in its absolute discretion, thinks fit.

For more details, please refer to the Company's website at http://ir.pactera.com.

THIS MEETING DOES NOT RELATE TO THE PROPOSED GOING PRIVATE TRANSACTION, AND DOES NOT PERTAIN TO ANY VOTE ON ANY PROPOSALS RELATED TO ANY TRANSACTIONS IN CONNECTION WITH THE PROPOSED GOING PRIVATE TRANSACTION AT THIS TIME.

On October 17, 2013, the Company announced that it signed a definitive merger agreement under which the Company will be acquired by a consortium led by funds managed or advised by Blackstone Group L.P. or its affiliates. Matters relating to the proposed going private transaction are not being submitted for approval by the shareholders of the Company at this AGM. A separate extraordinary general meeting ("EGM") of the Company will be convened at a later time for approval by the shareholders of the Company of such matters. In connection with the proposed going private transaction, the Company will file with the U.S. Securities and Exchange Commission (the "SEC") a Schedule 13E-3 transaction statement that includes a proxy statement of the Company, and information regarding the EGM, which will be subject to review and comments by the SEC and further changes. The Company urges investors and shareholders to read the proxy statement and other relevant documents to be filed with the SEC, as well as any future amendment to such transaction statement filed with the SEC, carefully and in their entirety when they become available because they contain important information about the proposed going private transaction.

About Pactera

Pactera provides world-class business and IT consulting, solutions, and outsourcing services to a wide range of leading multinational firms through a globally integrated network of onsite and offsite delivery locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services include business and technology advisory, enterprise application services, big data analytics, application development & maintenance, mobility, cloud computing, infrastructure management, software product engineering & globalization, and business process outsourcing. For more information, visit Pactera.com.

For investor and media inquiries, please contact:

Tracy Zhou
Investor Relations
Pactera Technology International Ltd.
Tel: +86-10-5987-5138
E-mail: ir@pactera.com

Source: Pactera Technology International Ltd.
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