SC 13D/A
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE
13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
ALLSCRIPTSMISYS HEALTHCARE SOLUTIONS, INC.
(Name of Issuer)
Common Stock, $0.01 Par Value
(Title of Class of Securities)
01988P108
Dan Fitz, Esq.
Misys plc
One Kingdom Street
Paddington
London W2 6BL, UK
44 (0)20 3320 5000
copies to:
Andrew L. Bab, Esq.
Debevoise & Plimpton LLP
919 Third Avenue
New York, NY 10022
(212) 909-6323
(Name, Address and Telephone Number of Persons Authorized to Receive Notices
and Communications)
February 10, 2009
(Date of event which requires filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition
that is the subject of this Schedule 13D, and is filing this schedule because of Sections
240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box
o.
Note: Schedules filed in paper format shall include a signed original and five copies of the
schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on
this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for
the purposes of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to
the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).
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1 |
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NAMES OF REPORTING PERSONS:
MISYS PLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United Kingdom
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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82,886,017 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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82,886,017 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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82,886,017 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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56.7% |
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14 |
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TYPE OF REPORTING PERSON |
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CO |
2
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1 |
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NAMES OF REPORTING PERSONS
MISYS PATRIOT US HOLDINGS LLC |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS |
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OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Delaware
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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64,028,875 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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64,028,875 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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64,028,875 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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43.8% |
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14 |
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TYPE OF REPORTING PERSON |
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PN |
3
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1 |
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NAMES OF REPORTING PERSONS
MISYS PATRIOT LIMITED |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a) o |
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(b) o |
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3 |
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SEC USE ONLY |
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4 |
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SOURCE OF FUNDS |
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BK, OO |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United Kingdom
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7 |
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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18,857,142 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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WITH |
10 |
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SHARED DISPOSITIVE POWER |
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18,857,142 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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18,857,142 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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o
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 |
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12.9% |
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14 |
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TYPE OF REPORTING PERSON |
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OO |
4
This
Amendment No. 1 (this Amendment) amends the Schedule 13D initially filed on
October 20, 2008 (the Original Filing)
relating to the common stock, par value $0.01, of
Allscripts-Misys Healthcare Solutions, Inc. Information reported in the Original Filing remains in
effect except to the extent that it is amended or superseded by information contained in this
Amendment. Capitalized terms used but not defined in this Amendment have the respective meanings
set forth in the Original Filing.
Item 4. Purpose of Transaction.
The disclosure in Item 4 is hereby amended and supplemented by adding the following after the
final paragraph thereof:
On February 10, 2009, Misys, MPL, MPUSH and the Company entered into a Stock Repurchase
Agreement (the Stock Repurchase Agreement), pursuant to which MPUSH and/or MPL shall sell
shares of common stock of the Company to the Company in the aggregate in proportion to any other
shares of common stock of the Company that the Company may purchase under the Market Purchase
Program (as such term in defined in the Stock Repurchase Agreement) from shareholders of the
Company other than Misys or any of its subsidiaries so that Misys and its subsidiaries will retain
their current percentage ownership of common stock of the Company.
This summary of the Stock Repurchase Agreement is not intended to be complete and is qualified
in its entirety by reference to such agreement, a copy of which is attached hereto as Exhibit 99.7
and is incorporated by reference herein.
Item 7. Material to be Filed as Exhibits
Item 7 of the Schedule 13D is hereby amended to add the following:
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Exhibit 99.7 |
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Stock Repurchase Agreement, dated as of February 10, 2009, by and among Misys plc,
Misys Patriot Ltd., Misys Patriot US Holdings, LLC and Allscripts-Misys Healthcare Solutions,
Inc. |
5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct.
Date: February 11, 2009
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MISYS
PLC |
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By: |
/s/ Dan Fitz |
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Name: |
Dan Fitz |
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Title: |
Executive Vice President, General Counsel and Corporate Secretary |
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MISYS
PATRIOT US HOLDINGS LLC
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By: |
/s/ Darryl E. Smith |
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Name: |
Darryl E. Smith |
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Title: |
President of Misys Holdings Inc., sole
member of Misys Patriot US Holdings LLC |
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MISYS
PATRIOT LTD.
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By: |
/s/ Dan Fitz |
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Name: |
Dan Fitz |
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Title: |
Director |
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EX-99.7
STOCK REPURCHASE AGREEMENT
DATED AS OF FEBRUARY 10, 2009
BY AND AMONG
MISYS PLC,
MISYS PATRIOT LTD,
MISYS PATRIOT US HOLDINGS, LLC,
and
ALLSCRIPTS-MISYS HEALTHCARE SOLUTIONS, INC.
STOCK REPURCHASE AGREEMENT, dated as of February 10, 2009 (this Agreement), by and
among Misys plc, a public limited company incorporated under the laws of England (Misys),
Misys Patriot Ltd., a limited company incorporated under the laws of England (Misys UK
Holdings), Misys Patriot US Holdings LLC, a limited liability company incorporated under the
laws of Delaware (Misys US Holdings) and Allscripts-Misys Healthcare Solutions, Inc., a
Delaware corporation (Allscripts).
W I T N E S S E T H:
WHEREAS, the Board of Directors of Allscripts has directed a special committee (the
Committee) to consider and, if the Committee determines it to be in the best interests of
Allscripts and its shareholders, direct the management of Allscripts to engage in open market
repurchases of, when combined with purchases hereunder, up to the earlier to occur of $150,000,000
of purchases or 15 million shares of Allscripts Common Stock with all repurchases to be completed
no later than February 10, 2011 (the Market Purchase Program); and
WHEREAS, Allscripts and Misys agree that if any such Market Purchase Program is implemented,
Misys UK Holdings and Misys US Holdings shall sell shares of Allscripts Common Stock to Allscripts
in the aggregate in proportion to any other shares of Allscripts Common Stock that Allscripts will
purchase under the Market Purchase Program from Allscripts shareholders other than Misys or its
Subsidiaries (such other Allscripts shareholders, Other Holders).
NOW, THEREFORE, in consideration of the foregoing and the representations, warranties,
covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
ARTICLE I
DEFINITIONS
Section 1.1 Defined Terms. The terms defined in this Article I, whenever used herein,
shall have the following meanings for all purposes of this Agreement:
Accumulated E&P has the meaning set forth in Section 2.6(b);
Agreement has the meaning set forth in the preliminary statements hereto;
Allscripts has the meaning set forth in the preliminary statements hereto;
Allscripts Common Stock means the common stock, par value $0.01, of Allscripts;
Business Day means any day other than a Saturday, a Sunday, a legal holiday in
New York, New York or London, United Kingdom or other day on which banking
institutions or trust companies are authorized or obligated by Law to close in New
York, New York or London, United Kingdom;
Committee has the meaning set forth in the recitals hereto;
Current E&P has the meaning set forth in Section 2.6(b);
Exchange Act means the Securities Exchange Act of 1934, as amended, and the
rules and regulations promulgated thereunder;
Law means rule, regulation, statute, order, ordinance, guideline, code or other
legally enforceable requirement, including, but not limited to, common law, state
and federal laws or securities laws and laws, rules and regulations of foreign
jurisdictions;
Market Purchase Program has the meaning set forth in the recitals hereto;
Misys has the meaning set forth in the preliminary statements hereto;
Misys Repurchase Date has the meaning set forth in Section 2.1;
Misys Repurchased Shares has the meaning set forth in Section 2.1;
Misys Repurchased Shares Price has the meaning set forth in Section 2.2(c);
Misys UK Holdings has the meaning set forth in the preliminary statements
hereto;
Misys US Holdings has the meaning set forth in the preliminary statements
hereto;
Nasdaq Rules means the rules and regulations of the Nasdaq National Market;
Other Holders has the meaning set forth in the recitals hereto;
Other Repurchased Shares has the meaning set forth in Section 2.1;
Person means an individual, corporation, partnership, joint venture,
association, trust, limited liability company, governmental entity, unincorporated
organization or other entity;
Relationship Agreement means the Relationship Agreement, dated as of March 17,
2008, between Allscripts and Misys, as amended;
Repurchase Calculation Chart has the meaning set forth in Section 2.2(a);
Repurchase Period means initially a single calendar week with each subsequent
Repurchase Period to be a two-calendar week period so long as the Market Purchase
Program remains in effect;
Repurchase Rate as determined with respect to any Misys Repurchase Date, shall
be equal to the number obtained by dividing (i) the number of shares of Allscripts
Common Stock collectively owned by Misys, Misys UK Holdings, Misys US Holdings and
their respective affiliates immediately preceding the last completed Repurchase
Period prior to such Misys Repurchase Date by (ii) the number of shares of
Allscripts Common Stock owned by the Other Holders immediately preceding the last
completed Repurchase Period prior to such Misys Repurchase Date; and
Subsidiary means, with respect to any Person, another Person of which 50% or
more of any class of capital stock, voting securities, other voting ownership or
voting partnership interests (or, if there are no such voting interests, 50% or
more of the equity interests) are owned or controlled, directly or indirectly, by
such first Person, provided that neither Allscripts nor any of its
Subsidiaries shall be treated as Subsidiaries of Misys, Misys UK Holdings or Misys
US Holdings.
Section 1.2 Interpretation. In this Agreement, except to the extent that context
otherwise requires:
(a) The table of contents and headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this Agreement.
(b) Whenever the words include, includes or including are used in this Agreement, they
shall be deemed to be followed by the words without limitation. The term or is not exclusive.
(c) The words hereof, herein and hereunder and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement.
(d) The definitions contained in this Agreement are applicable to the singular as well as the
plural forms of such terms.
(e) Any agreement or instrument defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement or instrument as from time to time
amended, modified or supplemented, except as otherwise specified herein.
(f) References to a Person are also to its permitted successors and assigns.
(g) All references to dollars or $ or any similar references or designations contained
herein mean United States Dollars.
ARTICLE II
STOCK REPURCHASE
Section 2.1 Stock Repurchase. Upon the terms and subject to the conditions set forth
in this Agreement, on the second Business Day following the conclusion of each Repurchase Period
during which Allscripts purchased shares of Allscripts Common Stock from Other Holders under the
Market Purchase Program (each, a Misys Repurchase Date), Misys UK Holdings and/or Misys
US Holdings shall sell, and Allscripts shall purchase, as part of the Market Purchase Program,
shares of Allscripts Common Stock in the aggregate in a number (such shares, the Misys
Repurchased Shares) equal to (i) the number of shares of Allscripts Common Stock
purchased by Allscripts from Other Holders pursuant to the Market Purchase Program during the
Repurchase Period (such shares, the Other Repurchased Shares) multiplied by (ii)
the Repurchase Rate, in each case rounded to the nearest whole number of such shares. The
obligations of Allscripts, Misys UK Holdings and Misys US Holdings under this Section 2.1 are
subject to, and conditioned on, compliance with applicable Law.
Section 2.2 Repurchase Procedure.
(a) By no later than 6:00 P.M. Eastern Time on the Business Day immediately preceding each
Misys Repurchase Date, Allscripts shall provide to Misys a completed calculation chart in the form
of Exhibit A hereto (the Repurchase Calculation Chart) indicating the date, amount and
pricing of all purchases of shares of Allscripts Common Stock from Other Holders in the relevant
Repurchase Period and the calculations performed to determine the Misys Repurchased Shares Price
and the number of Misys Repurchased Shares. Each Repurchase Calculation Chart shall be delivered
to Misys
pursuant to the notice provisions in Section 5.2 with separate copies to be sent by electronic
mail to the following individuals at the corresponding electronic mail addresses below as well as
such other individuals at such electronic mail addresses as Misys may request:
(i) James Gelly, acting Chief Financial Officer (james.gelly@misys.com); and
(ii) Glyn Fullelove, Vice-President for Tax and Treasury (glyn.fullelove@misys.com).
(b) By 9:30 A.M. Eastern Time on the Misys Repurchase Date, Misys shall deliver to Allscripts
(i) wire transfer instructions for the Misys Repurchased Share Price and (ii) the stock
certificates, duly endorsed or accompanied by a duly endorsed stock power, representing such Misys
Repurchased Shares, if such shares are in physical form or, if in book entry, appropriate transfer
instructions to the transfer agent. Promptly after receipt of such wire transfer instructions and
stock certificates, Allscripts shall transfer the Misys Repurchased Shares Price in immediately
available funds to the account designated by Misys. It is the intent of the parties that all
actions contemplated by this Section 2.2(b) are to be completed by the end of the Misys Repurchase
Date.
(c) The Misys Repurchased Shares Price to be determined on any Misys Repurchase Date shall be
an amount equal to (i) the number of Misys Repurchased Shares on such date multiplied by
(ii) the volume average weighted purchase price paid by Allscripts for all Other
Repurchased Shares purchased by Allscripts during the Repurchase Period immediately prior to the
Misys Repurchase Date without deduction for any commissions, fees or other costs and expenses
related to such purchases.
(d) Allscripts shall direct its transfer agent to either (a) issue new stock certificates to
Misys UK Holdings and Misys US Holdings representing the number of shares of Allscripts common
stock owned by Misys UK Holdings and Misys US Holdings after such Misys Repurchase Date, such
certificates to contain the same restrictive legends as in effect on the date hereof, or (b) if
Misys UK Holdings or Misys US Holdings hold their shares in book entry form, to update the share
register to reflect the number of shares of Allscripts common stock owned by Misys UK Holdings or
Misys US Holdings after such Misys Repurchase Date.
Section 2.3 Information and Correction.
(a) Allscripts shall provide any information related to the Repurchase Calculation Chart and
the Misys Repurchased Shares Price as Misys, Misys UK Holdings or Misys US Holdings may reasonably
request.
(b) If either Misys or its Subsidiaries or Allscripts determines that an error or
miscalculation has been made with respect to either the determination of the Misys Repurchased
Shares or the Misys Repurchased Shares Price, notwithstanding any provisions in the Relationship
Agreement, the parties shall promptly take such action as is necessary to put Misys and its
Subsidiaries in the same position they would have been in had there been no such error or
miscalculation.
Section 2.4 Restriction on Repurchases. Allscripts shall not repurchase any shares of
Allscripts Common Stock from Other Holders on a Misys Repurchase Date that would, after taking into
account the repurchase of the Misys Repurchased Shares on such date, result in a violation of Rule
10b-18 of the Exchange Act or any other Laws or Nasdaq Rules.
Section 2.5 Cancellation of Shares. All shares of Allscripts Common Stock repurchased
pursuant to any Market Purchase Program or hereto shall be cancelled by Allscripts immediately
after such repurchase.
Section 2.6 Tax.
(a) Any Misys Repurchased Shares Price shall be paid net of all taxes required by applicable
Law to be deducted or withheld from such payment.
(b) As promptly as practicable after the close of any taxable year of Allscripts in which a
Misys Repurchase Date falls, Allscripts will, at its own expense, make a good faith determination
of the amount of its current earnings and profits (Current E&P) and accumulated earnings
and profits (Accumulated E&P) for U.S. federal income tax purposes with respect to such
year and provide in writing to each of Misys, Misys UK Holdings and Misys US Holdings Allscripts
good faith determination of the Current E&P and Accumulated E&P for such year and its good faith
determination of the amount thereof allocable to payments hereunder of Misys Repurchased Shares
Price for U.S. federal income tax purposes; provided, that Allscripts shall not be liable
for, or indemnify Misys, Misys UK Holdings or Misys US Holdings as a result of the failure of such
determination to be correct.
(c) At the request of Misys or Misys UK Holdings, Allscripts will elect, to the extent
permissible under applicable law (as determined in reasonable good faith by Allscripts), to
determine the amount of U.S. federal withholding tax on payments hereunder of Misys Repurchased
Shares Price based on a reasonable estimate, in accordance with U.S. Treasury Regulation
§1.1441-3(c)(2)(i)(C), of Allscripts Current E&P and Accumulated E&P for the applicable taxable
year and the amount thereof allocable to the payments hereunder of Misys Repurchased Shares Price
for U.S. federal income tax purposes. In the event Allscripts is liable for any tax that is U.S.
federal withholding tax that is under-withheld with respect to any such payments, Misys and
Misys US Holdings jointly and severally shall indemnify Allscripts for any loss or expense
suffered by it as a result of such under-withholding.
(d) If requested by Misys, Misys UK Holdings or Misys US Holdings, Allscripts will cooperate
in good faith with any such Person, at the requesting Persons expense, in connection with seeking
a refund of any tax withheld from payments hereunder to, or otherwise paid by, any such Person or
any dealings with any tax authority in connection with the Misys Repurchased Shares Price paid to
any such Person.
ARTICLE III
REPRESENTATIONS AND WARRANTIES
Section 3.1 Representations and Warranties of Allscripts. Allscripts represents,
warrants and covenants to Misys, Misys UK Holdings and Misys US Holdings as follows:
(a) Allscripts has all requisite corporate power and authority to execute and deliver this
Agreement, and, subject to the implementation of the Market Purchase Program, to perform its
obligations hereunder and the other transactions contemplated hereby. The execution, delivery and
performance of this Agreement by Allscripts have been duly and validly authorized by all necessary
corporate action, and no other corporate proceedings on the part of Allscripts are necessary for it
to authorize this Agreement or, except for the implementation of the Market Purchase Program, to
consummate the transactions contemplated hereby. This Agreement has been duly and validly executed
and delivered by Allscripts and, assuming due authorization, execution and delivery by Misys, Misys
UK Holdings and Misys US Holdings, is a legal, valid and binding obligation of Allscripts,
enforceable against it in accordance with its terms, except that such enforceability (i)
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting or
relating to the enforcement of creditors rights generally and (ii) is subject to general
principles of equity (regardless of whether considered in a proceeding in equity or at law).
(b) The Audit Committee of the Board of Directors of Allscripts, at a meeting duly called and
held, duly adopted resolutions approving this Agreement.
(c) The Market Purchase Program will be conducted in accordance with all applicable Laws.
Section 3.2 Representations and Warranties of Misys, Misys UK Holdings and Misys US
Holdings. Each of Misys, Misys UK Holdings and Misys US Holdings represents, warrants and
covenants to Allscripts as follows:
(a) It has all requisite corporate power and authority to execute and deliver this Agreement
to perform its obligations hereunder and the other transactions contemplated hereby. The
execution, delivery and performance of this Agreement by it and the consummation by it of the
transactions contemplated hereby have been duly and validly authorized by all necessary corporate
action, and no other corporate proceedings on the part of it are necessary for it to authorize this
Agreement or to consummate the transactions contemplated hereby. This Agreement has been duly and
validly executed and delivered by it and, assuming due authorization, execution and delivery by
Allscripts, is a legal, valid and binding obligation of it, enforceable against it in accordance
with its terms, except that such enforceability (i) may be limited by bankruptcy,
insolvency, reorganization, moratorium or similar laws affecting or relating to the enforcement of
creditors rights generally and (ii) is subject to general principles of equity (regardless
of whether considered in a proceeding in equity or at law).
(b) Upon sale and delivery of, and payment for, the Shares as provided herein at each Misys
Repurchase Date, it will convey to Allscripts good and valid title to such Shares free and clear of
all liens, claims, restrictions, charges and encumbrances of any kind whatsoever and not subject to
any adverse claim.
ARTICLE IV
CONDITIONS PRECEDENT
Section 4.1 Conditions to Each Partys Obligation to Effect the Market Purchase
Program. The obligation of each party to effect the repurchase arrangement contemplated herein
is subject to authorization by the Committee of a Market Purchase Program and the implementation
thereof by Allscripts management.
Section 4.2 Conditions to Obligations of Allscripts. The obligations of Allscripts to
effect the repurchases contemplated by it herein are further subject to the representations and
warranties of each of Misys, Misys US Holdings and Misys UK Holdings being true and correct as of
the date hereof and at and as of such Misys Repurchase Date and Misys, Misys UK Holdings and Misys
US Holdings each being in compliance with its covenants herein.
Section 4.3 Conditions to Obligation of Misys, Misys UK Holdings and Misys US
Holdings. The obligations of Misys, Misys UK Holdings and Misys US Holdings to effect the
transactions contemplated by them are subject to the representations and warranties of Allscripts
being true and correct as of the date hereof and at and as of such Misys Repurchase Date and
Allscripts being in compliance with its covenants herein.
ARTICLE V
GENERAL PROVISIONS
Section 5.1 Termination. If (i) the Market Purchase Program has not been
authorized by the Committee prior to March 31, 2009 or (ii) if the Market Purchase Program
is terminated or expires, either Allscripts or Misys may terminate this Agreement upon 30 days
prior written notice to the other.
Section 5.2 Notices. All notices, requests, claims, demands and other communications
under this Agreement shall be in writing and shall be deemed given (a) on the date of
delivery, upon delivery in person or if sent by facsimile (receipt of which is confirmed) or
electronic mail, (b) on the day after delivery, by registered or certified mail (postage
prepaid, return receipt requested), or (c) one Business Day after having been sent by
express mail through an internationally recognized overnight courier, in each case to the parties
at the following addresses (or at such other address for a party as shall be specified by like
notice):
(a) if to Misys, Misys UK Holdings or Misys US Holdings, to:
Misys plc
One Kingdom Street
Paddington, London W2 6BL
United Kingdom
Attention: Group General Counsel & Company Secretary
Fax: +44 (0)20 3320-1716
E-mail: dan.fitz@misys.com
with a copy (which copy shall not constitute notice) to:
Debevoise & Plimpton LLP
919 Third Avenue
New York, NY 10022
Attention: Andrew L. Bab, Esq.
Fax: +1 212 909-6836
E-Mail: albab@debevoise.com
(b) if to Allscripts, to:
Allscripts-Misys Healthcare Solutions, Inc.
222 Merchandise Mart Plaza, Suite 2024
Chicago, IL 60654
Attention: General Counsel
Fax: +1 312 506-1208
E-Mail: Brian.Vandenberg@allscripts.com
with a copy (which copy shall not constitute notice) to:
Sidley Austin LLP
One South Dearborn
Chicago, Illinois 60603
Attention: Frederick C. Lowinger, Esq.
and Gary D. Gerstman, Esq.
Fax: +1 312 853-7036
E-Mail: ggerstman@sidley.com
Section 5.3 Severability. If any term or other provision of this Agreement is
invalid, illegal or incapable of being enforced by any Law, or public policy, all other terms and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic and legal substance of the transactions contemplated hereby are not affected in any manner
materially adverse to any party. Upon such determination that any term or other provision is
invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith
to modify this Agreement so as to effect the original intent of the parties as closely as possible
in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the
extent possible.
Section 5.4 Counterparts. This Agreement may be executed in one or more counterparts,
each of which when executed shall be deemed an original document and all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts have
been signed by each of the parties and delivered to the other parties. Until and unless each party
has received a counterpart hereof signed by the other parties hereto, this Agreement shall have no
effect and no party shall have any right or obligation hereunder (whether by virtue of any other
oral or written agreement or other communication).
Section 5.5 Entire Agreement; No Third Party Beneficiaries. This Agreement
(a) constitutes the entire agreement, and supersedes all prior agreements and
understandings, both written and oral, among the parties with respect to the subject matter of this
Agreement including, for the avoidance of doubt, the Relationship Agreement to the extent the terms
and transactions contemplated herein conflict with the
terms therein, and (b) is not intended to confer upon any Person other than the
parties hereto (and their respective successors and assigns) any rights or remedies.
Section 5.6 Fees and Expenses. All fees and expenses incurred by any party in
connection with this Agreement and the transactions contemplated hereby shall be paid by the party
incurring such fees and expenses.
Section 5.7 Governing Law. This Agreement (and any claims or disputes arising out of
or related thereto or to the transactions contemplated thereby or to the inducement of any party to
enter therein, whether for breach of contract, tortious conduct or otherwise and whether predicated
on common law, statute or otherwise) shall in all respects be governed by and construed in
accordance with the laws of the State of New York, including all matters of construction, validity
and performance, in each case without reference to any conflict of law rules that might lead to the
application of the laws of any other jurisdiction.
Section 5.8 Assignment. Neither this Agreement nor any of the rights, interests or
obligations hereunder shall be assigned or delegated, in whole or in part (except by operation of
Law), by any of the parties hereto without the prior written consent of the other parties hereto.
Subject to the preceding sentence, this Agreement shall be binding upon, inure to the benefit of
and be enforceable by the parties hereto and their respective successors and assigns.
Section 5.9 Enforcement. The parties irrevocably agree that all claims in respect of
the interpretation and enforcement of the provisions of this Agreement and of the transactions
contemplated hereby, or with respect to any such action or proceeding, shall be heard and
determined in a New York State or federal court located in the county of New York. In addition,
each of the parties hereto (i) consents to submit itself to the personal jurisdiction of
the United States District Court for the Southern District of New York or any court of the State of
New York located in such district in the event any dispute arises out of this Agreement or any of
the transactions contemplated by this Agreement and (ii) agrees that it will not attempt to
deny or defeat such personal jurisdiction or venue by motion or other request for leave from any of
the transactions contemplated by this Agreement in any court other than such courts sitting in the
State of New York. THE PARTIES HEREBY WAIVE TRIAL BY JURY IN ANY ACTION, SUIT, PROCEEDING OR
COUNTERCLAIM BROUGHT BY ANY OF THEM AGAINST ANY OTHER PARTY HERETO IN ANY MATTERS ARISING OUT OF OR
IN ANY WAY CONNECTED WITH THIS AGREEMENT.
IN WITNESS WHEREOF, Allscripts, Misys, Misys UK Holdings and Misys US Holdings have caused
this Agreement to be signed by their respective officers thereunto duly authorized, all as of the
date first written above.
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Misys plc
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By: |
/s/ Dan Fitz
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Name: |
Dan Fitz |
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Title: |
Executive Vice President, General
Counsel & Secretary |
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Misys Patriot Ltd.
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By: |
/s/ Dan Fitz
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Name: |
Dan Fitz |
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Title: |
Director |
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Misys Patriot US Holdings, LLC
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By: |
/s/ Darryl
E. Smith |
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Name: |
Darryl
E. Smith |
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Title: |
President of Misys Holdings Inc., sole member of Misys Patriot US Holdings LLC |
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Allscripts-Misys Healthcare Solutions, Inc.
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By: |
/s/ Lee Shapiro
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Name: |
Lee Shapiro |
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Title: |
President and Chief Operating
Officer |
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Exhibit A
Form of Repurchase Calculation Chart
Current Misys Repurchase Date:
Prior Misys Repurchase Date:1
Date, Amount and Price of Other Repurchased Shares during the Repurchase Period (with each entry
row to indicate only shares of Allscripts Common Stock purchased on the same date at the same price
per share):
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(Number of |
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Date of each |
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Shares) X |
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Repurchase |
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Number of |
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(Price Per |
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Transaction |
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Shares |
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Price Per Share |
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Share) |
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Total: |
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Volume average weighted purchase price:2
Repurchase Rate:3
Misys Repurchased Shares on the current Misys Repurchase Date:4
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1 |
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If there has been no prior Misys Repurchase Date, the
date to be referenced shall be the date of the Agreement. |
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2 |
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To be calculated by dividing the total of the final
column (Number of Shares) X (Price Per Share) by the total number of shares
repurchased from Other Holders in the current Repurchase Period. |
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3 |
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To be calculated by dividing (i) the number of shares
of Allscripts Common Stock collectively owned by Misys, Misys UK Holdings,
Misys US Holdings and their respective affiliates immediately preceding the
last completed Repurchase Period prior to such Misys Repurchase Date by (ii)
the number of shares of Allscripts Common Stock owned by the Other Holders
immediately preceding the last completed Repurchase Period prior to such Misys
Repurchase Date. |
Misys Repurchased Shares Price on the current Misys Repurchase Date:5
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4 |
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To be calculated by multiplying the total number of
shares of Allscripts Common Stock repurchased from Other Holders in the current
Repurchase Period by the Repurchase Rate. |
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5 |
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To be calculated by multiplying the calculation from
footnote 2 by the number of Misys Repurchased Shares (determined pursuant to
the prior footnote). |