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2019-10-10 16:38:38
Oslo Børs, in capacity as take-over supervisory authority, has approved payment
guarantee pursuant to the Securities Trading Act section 6-22 3rd sub-section
no. 3 in connection with compulsory acquisition ("squeeze-out") of shares in
Cxense ASA without preceding mandatory offer. In this respect, Oslo Børs has
also considered the other relevant conditions applicable for the exemption to
present a mandatory offer pursuant to the Securities Trading Act section 6-22
3rd sub-section.
Piano Software B.V. has resolved to effect compulsory acquisition of the shares
in Cxense ASA not already held by Piano Software B.V. pursuant to the Public
Limited Liability Companies Act section 4-25.
The price offered under the compulsory acquisition is NOK 16 per share, which
would have been the minimum offer price for a mandatory offer from Piano
Software B.V. to the shareholders of Cxense ASA.
Attached is a copy of the guarantee document issued by Pareto Bank ASA for the
benefit of those that are subject to the compulsory acquisition. The guarantee
document includes, amongst others, information on, the deadline for presenting
claims under the guarantee, the address for delivery of claims and the
documentation that must be submitted.