Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Tjänster |
| Industri | IT-konsult & onlinetjänster |
Piano Software B.V. ("Piano") announces that it today has resolved and carried out a compulsory acquisition of all the shares in Cxense ASA ("Cxense") owned by shareholders other than Piano, pursuant to section 4-25 of the Norwegian Public Limited Liability Companies Act, cf. section 6-22 of the Norwegian Securities Trading Act. Piano has as a consequence of this assumed ownership of 100% of the shares in Cxense.
The offered redemption price is NOK 16 per share, which equals the NOK 16 per share in Cxense offered under the voluntary offer presented by Piano. Settlement of the redemption price will be made to the shareholders on 16 October 2019.
Pareto Bank ASA has furnished a guarantee for the settlement under the compulsory acquisition in accordance with section 6-22 of the Norwegian Securities Trading Act.
Any objections to, or rejections of, the offered redemption price must be raised within two months form the publication of the compulsory acquisition in the Brønnøysund Register Centre's electronic announcement publication. Former Cxense shareholders who do not object to, or reject, the offered redemption price within this deadline will lose their right to object to, or reject, the offered redemption price and are deemed to have accepted the offer.
Piano intends to procure that Cxense applies for a delisting from Oslo Børs without delay and that an extraordinary general meeting in Cxense is held today for this purpose.
For further information, please contact:
Piano
Trevor Kaufman, CEO, Piano Software, Inc.
Phone: +1 646 350 1999
Cxense
Jørgen Evjen, Chairman of the Board of Directors, Cxense ASA
Phone: +47 92 80 40 14
About Cxense:
Cxense helps publishers and marketers across the globe to transform their raw data into their most valuable resource. Cxense's leading Data Management Platform (DMP) with Intelligent Personalization, gives companies unprecedented insight into their individual customers, and enables them to action this insight real-time in all marketing and sales channels. Cxense Conversion Engine empowers publishers to monetize insight into their audience's behaviour and preferences in order to increase subscription revenues. Cxense works with brands such as The Wall Street Journal, Aeon, Grupo Clarin, NBC, The Mainichi Newspapers, Universal, Singapore Press Holdings and many more. Cxense is headquartered in Norway with offices worldwide and the company is listed on the Oslo Stock Exchange with the ticker "CXENSE".
About Piano:
Piano, a company with operations in New York, London, and Amsterdam, offers high-performance cloud-based software and strategic services that empower companies to create customized digital experiences and commercial relationships for their users. Leading businesses around the world including Hearst, NBCUniversal, Business Insider, The Economist, Harvard Business Review, Le Parisien, Ringier Axel Springer, Prometheus, Mansueto, The Associated Press, and over 150 other leading organizations use Piano to power their subscription, registration, analytics, entitlement, and personalization efforts. The company is one of Inc's 500 Fastest Growing Companies in North America, one of Red Herring's Top 100 Startups in North America, and has won Digiday, CODIE, and numerous other awards for its innovative suite of software products.