ePlus exercises over-allotment option

ePlus inc. (NASDAQ: PLUS) said that the underwriters of its underwritten public secondary offering of common stock by existing stockholders have exercised their option to purchase an additional 236,087 shares at a price of USD50.00 per share.

The sale of these additional shares of common stock closed following the closing on May 5, 2014 of the sale of 1,573,913 shares by selling stockholders. All of the shares of common stock offered including the over-allotment are being sold by selling stockholders. ePlus will not receive any proceeds from this offering.

Stifel and William Blair were the joint book running managers, and Canaccord Genuity was the co-lead manager of the offering.

ePlus is a leading integrator of technology solutions. Founded in 1990, the company has more than 900 associates serving commercial, state, municipal, and education customers nationally. Its website is at www.eplus.com
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