Endava plc (DAVA) Prices 6.34M ADS IPO at $20/ADS

Endava plc (NYSE: DAVA), a leading next-generation technology services provider that helps accelerate disruption by delivering rapid evolution to enterprises, today announced the pricing of its initial public offering of 6,340,000 American Depositary Shares (“ADSs”), each representing one Class A ordinary share of Endava, at a price to the public of $20.00 per share, of which 3,200,000 ADSs are being offered by Endava and 3,140,000 ADSs are being offered by existing shareholders of Endava. The ADSs are expected to begin trading on The New York Stock Exchange on July 27, 2018 under the ticker symbol “DAVA”. The offering is expected to close on July 31, 2018, subject to customary closing conditions. In addition, Endava and certain existing shareholders of Endava have granted the underwriters a 30-day option to purchase up to an additional 951,000 ADSs at the initial public offering price less underwriting discounts and commissions, of which 28,995 ADSs are being offered by Endava and 922,005 ADSs are being offered by existing shareholders of Endava.

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. Cowen and Company, LLC and William Blair & Company, L.L.C. are acting as co-managers for the offering.

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