Softline's turnover for FY2021 was $2.176 billion, up 22% from $1.789 billion in the previous year. Software & Cloud turnover grew by 19% to $1.796 billion, IT services by 85% to $144 million, and hardware by 17% to $235 million.

Softline bought 4,420,277 GDRs at $1 per share as a result of the offer. This amounts to 2% of the outstanding shares. Payment for the redeemed securities will be transferred to the accounts of holders presenting securities for redemption in Euroclear or Clearstream as soon as possible, the company said.

Softline offered to buy the receipts for $1. The company is ready to buy up to 10% of the capital, or 18,369,283 securities. The offer is valid until May 18, 2022. The board of directors notes that the company has met shareholders who want to sell the securities but cannot do so because of low liquidity.

New head of Softline's international business will be Hervé Tessler, executive vice president and president of international operations at Xerox, effective April 1, 2022. In his previous position, Tessler managed work teams in more than 150 countries in Europe, the Middle East and Africa, Latin America, Eurasia and India. Roy Harding, former head of Softline...