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OPEN TEXT CORP Capital/Financing Update 2006

May 18, 2006

30627_rns_2006-05-18_b330b5a6-efaa-4a86-8448-0c51977fe013.zip

Capital/Financing Update

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8-K 1 d8k.htm FORM 8-K Form 8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 18, 2006

Open Text Corporation

(Exact name of Registrant as specified in its charter)

Canada 0-27544 98-0154400
(State or Other Jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

275 Frank Tompa Drive, Waterloo, Ontario, Canada N2L 0A1

(Address of principal executive offices)

(519) 888-7111

Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 : Other Events

On May 12, 2006 Open Text Corporation (the “Company”) announced that it initiated a program to repurchase, from time to time over the next 12 months, up to an aggregate of 2,444,104 Common Shares on the Nasdaq National Market. A copy of the Press Release making this announcement is filed as Exhibit 99.1 to this Report on Form 8-K.

(a) Exhibits

Exhibit No. Description
99.1 Press Release issued by Open Text Corporation on May 12, 2006.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

/s/ Alan Hoverd
Alan Hoverd
Chief Financial Officer

Exhibit Index

Exhibit No. Description
99.1 Press Release issued by Open Text on May 12, 2006.

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