Global | Change

Verifone Holdings, Inc. Announces Full Exercise of Underwriter’s Over-Allotment Option

May 04, 2005 San Jose, CA

Verifone Holdings, Inc. (NYSE: PAY) announced today that the underwriters of its initial public offering have exercised the option to purchase an additional 2,310,000 shares of common stock from selling stockholders. Following the completion of the offering and after giving effect to the exercise of the over-allotment option, Verifone Holdings, Inc.’s principal stockholder, GTCR Golder Rauner, LLC will own 49.7% of the Company’s outstanding shares.

J.P. Morgan Securities Inc. and Lehman Brothers Inc. served as joint book-running managers. Credit Suisse First Boston, Goldman, Sachs & Co. and Bank of America Securities LLC served as co-managers.

Copies of the prospectus relating to the offering may be obtained from J.P. Morgan Securities Inc., Prospectus Department, One Chase Manhattan Plaza, Floor 5b, New York, New York, 10081, or Lehman Brothers Inc., c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York, 11717.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.

About Verifone Holdings, Inc.
Verifone Holdings, Inc. (NYSE: PAY), a global leader in secure electronic payment technologies, provides expertise, solutions and services for today with a migration strategy for tomorrow. Verifone delivers solutions that add value to the point of sale, resulting in improved merchant retention and the generation of new sources of revenue for its partners and customers. Verifone solutions are specifically designed to meet the needs of vertical markets including financial, retail, petroleum, government and healthcare. Verifone has shipped over eleven million electronic payment systems since inception in 1981.

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially from those set forth in the statements. There can be no assurance that such expectations will prove to be correct. Factors that could cause the Company's results to differ materially from current expectations include: general economic and business conditions, industry trends, competitive conditions, regulatory developments and the additional factors and risks contained in the Company's registration statement on Form S-1, as amended.